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- From Russia, with thought
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- A Haircut in Cyprus
- Wealth and Social Justice
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Author Archives: jackgoldstone
From Russia, with thought
As the world “slow” pops up more and more (today, slower than expected US factory growth, and lower than expect PMI in China), it might be a good time to post a presentation I gave earlier this year in Moscow: … Continue reading
Relentless optimism?
As Europe waits to see what follows the Cypress haircut and Italian political deadlock; Japan waits to see if its efforts at halting deflation produce progress, ignite excess inflation, or fail; China waits to see if it can sustain growth … Continue reading
Posted in The Global Economy, U.S. Politics
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A Haircut in Cyprus
It’s baaaack! Many thought the EU crisis had been safely put behind us, thanks to Magic Mario and the ECB’s promise to do whatever it takes to save the Euro. Even the near deadlocked election in Italy, the continued squeeze … Continue reading
Posted in The Global Economy
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Wealth and Social Justice
The news this week was good — U.S. national wealth had returned to pre-recession levels. Or was it? Pry into the details and it turns out that wealth in housing — which affects most middle class people (the poor have … Continue reading
Posted in Uncategorized
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Fantasies, Budgets, and Democracy
If the Republicans proposed a federal budget for 2013-14 that relied on a rain of gold doubloons, all of which would happen to fall in the Federal government’s coffers, as the basis for U.S. fiscal planning we would laugh. Or cry, … Continue reading
Markets love debts?!
The Dow is setting a record high — and that is rational for two reasons. First, the global middle class is growing fast and will add $3 trillion in new consumption over the next forty years. Second, corporate profits continue … Continue reading
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Same old same old
There hasn’t been much new to blog about except the same old, same old bad news. The Republicans and Democrats fail to produce a budget deal — is that news? About as much as dogs chewing bones or cats chasing … Continue reading
Posted in The Global Economy, U.S. Politics
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The future of the EU
Today, I post in its entirely a blog by Julian Lindley-French. I have sometimes had guest bloggers, but I don’t usually reprint entire blogs. But in this case, Julian says things better than I could! 25 February. Italy has gone … Continue reading
Posted in Uncategorized
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Foot on the Gas, Foot on the Brake — why aren’t we getting anywhere?
I was in London this week. Like most capital cities, the business center still looks prosperous: foreign capital is still fueling wining and dining and consumption and construction. Yet in the country at large, austerity policies are fueling a recessionary … Continue reading
Posted in The Global Economy
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Oops, what happened to growth?
This blog has been reminding people that, despite the irrational exuberance of the stock markets, buoyed by corporations taking axes to their labor costs and faith in the Fed and ECB, underlying growth remains terribly weak. How weak was seen … Continue reading
Posted in Uncategorized
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