Death Star Economics



This Kodak moment is so over

Short recap from yesterday: the Greek government found just about a square millimeter of common ground (in terms of spending cuts), causing temporary annoyance relief, took that party to Brussels, where everybody sceptically shook their heads and sent them back to Athens to cut the budget some more. No-one is having a good time. read article

Meanwhile, protected by their AAA-rating and superior aesthetics, Denmark is sinking deeper and deeper into a 2007-esque financial crisis. A much cited reason is that Denmark didn’t really recover from the burst of the real estate bubble in 2007. Between 2007 and 2013, house prices will have fallen by 25%. At the same time,unemployment is rising – rising from 3.2% (2008 number) that is. read article

Kodak, which filed for bankruptcy protection in January, announced it will stop manufacturing digital cameras. Go and buy one before they are a collector’s item. read article

Steve Jobs’ FBI files were released yesterday under the freedom of information act and can be found here. They feature his LSD-use and comments on his personality traits.

Also, this is why you shouldn’t be thinking about your hourly wage if you want to be happy and enjoy anything in life. (I know I don’t, but that’s just damage control.)

Bloomberg BusinessWeek illustrates the fight between Keynsians and freshwater-Chicago-school economists:view chart

Have a good weekend!


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One Response

  1. […] you are a bank in a country on the permanent brink of a real estate crisis, which coincidently is also home to the third largest mortgage market in the world, and a US […]

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