Month April 2007

Bond fund manager on US real estate

Tighter lending standards and increased regulation will change the housing outlook for some years to come. As past marginal buyers are forced to sell their home to prevent foreclosures, so too will future marginal buyers be restricted from buying them.…

Corruption in the World Bank

Craig Murray says corruption in the World Bank is pervasive and massive, and that Wolfowitz genuinely tried to end some of it, but only in non-Western areas. How convenient for Wolfie and pals to focus on such corruption. Sounds like…