| Recommended Reading: April 8, 2008 |
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| Written by Eben Esterhuizen | |
| Monday, 07 April 2008 | |
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Watch the video: Risk management group SBCC says writedowns at banks from the subprime crisis could total $500 billion dollars, double what has already been reported. Tanya Beder, speaking at the 2008 Reuters Hedge Fund and Private Equity Summit in New York on Monday, says the fallout from the mortgage meltdown may become more clear after September when more subprime mortgages will reset to higher interest rates. Cheap food, like cheap oil, may be a thing of the past. There have already been food riots around the world. Does the credit crunch mark the point at which we should go back to basics? Is it time we dumped the investment bankers, accountants and consultants and concentrated on the people who make things, i.e. the manufacturers? Bureaucratic meddling has harmed solar power, says TheEconomist.com. 3 reasons to welcome a recession. Eben Esterhuizen 
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