The Economist (December 6th-13th 2008)
186 Pages | English | PDF | 3 MB - Audio | 176 MB | MP3 | RapidShare
Where have all your savings gone?
Investors may draw the wrong lesson from history:
Inadequate savings, badly invested, are a problem for individuals and the economy. Cautious savers are putting their money in banks; banks are reluctant to lend; companies therefore find it hard both to borrow money and to raise equity capital. This timidity hurts companies and, in the long term, savers. Implausible as it may sound, right now equities and corporate bonds are a better long-term bet than cash.
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