Prophecy in today's headlines

Leading Economist: I Fear The Worst Is Yet To Come – Markets May Have To Close

As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland

U.S. House Price Decline Could Be Worse than Great Depression

Eight years ago, Yale superstar professor and MacroMarkets chief economist Robert Shiller famously called the top of the stock market in his book Irrational Exuberance. Then, a year before the housing bubble peaked, he predicted the colossal bust we are now experiencing. If you recognize Shiller’s name, it’s because the Standard & Poor’s/Case-Shiller home price […]