Year: 2008

The Bear’s Lair: Tears on Wall Street

As fourth quarter earnings numbers emerge for Wall Street, with analysts expecting a $15 billion write-off for Merrill Lynch and an $18 billion write-off for Citigroup, Wall Street’s denizens, anxious for the future of their bonuses and indeed their jobs, are asking: Where will it all end? The answer is: not close to here, not […]

The Bear’s Lair: Eroding Western living standards

Tata Motors’ emergence as front-runner to buy Jaguar and Land Rover from the ailing Ford brings one question uppermost to a commentator sitting at a wealthy Western desk: Precisely which economic sectors can be relied upon in the future to provide jobs for Westerners at wages higher than are obtainable in the Third World? Will […]