Ray Hendon’s Economics Blog

From our friends at Economy.com we learn of a new international currency comparator: The IPod index.  From their table below Australia, Indonesia, Canada, and Korea are selling the IPod for less than $140.  Argentina, Brazil and Russia over over $250.  This index gives you a good indicator  of which currencies may decline in the future [...]

There is no longer any debate about the U.S. entering a period of a declining economy.  Everyone who watched the leading indicators had been expecting a recession since the beginning of the year.  Finally, in the third quarter, it came.
Nor is there any debate about the global slowdown.  It’s not that the United States controls [...]