Dollars & Sense: Indicators That Fell Through The Cracks...

Saturday, August 29, 2009


Indicators That Fell Through The Cracks...
by Dollars and Sense


UK business investment falls at fastest rate since records began in 1966, despite rock-bottom interest rates (well, not quite at US levels, but...). Once again, super-lavish quantitative easing proceeds are being hoarded by banks.

The number of Americans working part-time for lack of full-time work has, in an astonishing development, almost doubled since the beginning of last year. Thanks to Calculated Risk.

According to Commerzbank economists, the economic crisis has cost the world $10 trillion so far (or, more specifically, will do so by the end of this year). This article, from Die Zeit, is in German (note: in German, like in British English, a billion is a trillion, while a 1,000 million is a billion). The researchers, who assumed that world growth would have been the same as in previous years without the crisis, claim that losses in the US and UK from real-estate amounted to $4.65 trillion, while measures to save the banking system and whatnot have added on another $4.2 billion.



http://www.dollarsandsense.org/blog/2009/08/indicators-that-fell-through-cracks.html