Singapore is showing the world that Keynesian stimulus and devaluation is not the true route to economic salvation.
EU Financial Tax Portends Loss of Market Leadership
Once such supra national taxes are established, they suffer from very little if any democratic supervision.
Gentlemen, Start Your DeLoreans
While some continue to argue that the US can only get its fiscal house in order by running trade and/or budget surpluses, it would seem the US’s official gold stock could be revalued to the extent that no trade or budget surplus is necessary as any sort of precondition.
Fraud: Why The Great Recession
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy.
Quo vadis Latin America?
It looks as if the populist model may exhaust itself economically, too. All that is required is a sustained fall in commodity prices.
Anglo-saxon economies – more show than go
EMU’s quagmire seems to make the Anglo-Saxon economies shine brighter than fits reality…
China decelerating, EU banking union, and financial disintegration in Europe
DB Research comments on China, the EU’s banking union and the outlook for Europe’s financial system.
Dependence Day
Lower tax burdens, less onerous regulation, and the end of state sponsored crony capitalism will energize real businesses.
Today’s Macroeconomic Problems, the Expedient Solution & its Consequences
Policy-administered asset monetization would stop the global financial system from seizing, restore sorely needed economic balance, and reset commercial incentives so that real growth can once again gain traction.
The Real Crash
As the curtain eventually falls on the drama unfolding in Europe, the world will refocus its attention on the more spectacular events in the U.S.
Another Perspective
Why and how the global monetary system is failing, why it is too late to stop, what will come next, and why the crisis is only financial – not commercial.
OECD Leading Indicators – Reliable?
OECD Leading Indicators – Reliable?
The Golden Rule Reinterpreted
When currencies fail to adjust something else has to give.
Debt: The Politics and Economics of Restructuring
Michael Hudson’s presentation for the session “The Challenge of Deleveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.
Debts that can’t be paid, won’t be
A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid.
BRICS group: More than the sum of its parts?
The share of the BRICS in global GDP (at PPP) will rise from around 25% currently to about 30% in 2016.
Ending 2011 with a fable for our times
Just like its mythological predecessor, our Global Minotaur kept the world economy going for decades…
2012 Offers Few Reasons for Optimism
If one assumes as I do that no leader on either side of the Atlantic has the courage to face the music, then there can be little reason for optimism in 2012.
[VIDEO] The Crash of 2008 and the Euro-Zone Crisis in Historical Perspective
Presentation of Yanis Varoufakis’ book “The Global Minotaur: America, the true causes of the world economy and the future of the world economy.”
Plastics
Fundamentals and incentives point the way to an optimistic outcome for the majority.
