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Recent Posts
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- Is it too late for Syria?
- Blogging is back!
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- Blowing Bubbles
- When did the US stop thinking big? Look at EDUCATION!
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- Why we mess up
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- Tragedy in Boston
- In Surprise, Recovery in China Loses Steam
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Archives
Category Archives: The Global Economy
Congratulations to Obama
Sorry about the long lag in blogging. Spent all of last week in Moscow, which is both glorious and bizarre. Glorious because holiday decorations are still up and the new mayor has spent wisely and well in turning the city … Continue reading
Unhappy New Year for Europe as Unemployment hits new high
In 2010, the Arab countries of the Middle East and North Africa had the highest youth unemployment rates in the world, at 24%. That was roughly double the rate in most middle-income countries. Today, Eurozone official statistics showed that the … Continue reading
Posted in The Global Economy, U.S. Politics
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Back to Business — A look ahead at the Global Economy
Over the past few months, I have been traveling to the BRIC countries, trying to understand their role in the world economy (Turkey will be next month). Here are my thoughts (this from an essay published in e-International Relations this month): GLOBALIZATION AND … Continue reading
What’s wrong with this picture? — The Global Slump
The Great Recession began in the US in December 2007. We are coming up on five years since things began to go slump in the night. And yet… Where are the signs of recovery? So far, except for a few … Continue reading
Posted in The Global Economy
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Europe’s Crisis is Back
When the wise men who wanted a united Europe launched the unified currency, it was a move based more on hope than on facts. The Euro was not based on solid foundations designed to weather a storm and protect its … Continue reading
Posted in The Global Economy
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Obama’s good day with new job numbers
The magic 8% mark has been breached. No longer can Republicans say that there has been four years of “over 8% unemployment.” What’s more, the new job totals for both July and August were revised upwards substantially, and labor force participation went … Continue reading
Posted in The Global Economy, U.S. Politics
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Risk On (Again)
The world has been zig-zagging between optimism (risk off) and pessimism (risk on) in the economic sphere for the last few years. Optimisim has usually been fueled by announcements and plans (e.g. hopes and promises) — announcements by the ECB … Continue reading
Posted in The Global Economy
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Don’t Fight the Fed
Debra Brown asks how I could post a warning for a Fall Surprise last week (a major market plunge), and then this week say that the market could be rising into the election — what changed? Ms. Brown is right — … Continue reading
Posted in The Global Economy, U.S. Politics
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Gloomy Data?
Yesterday I posted my impressions of the economy in China. While I saw clear evidence of booming consumption in Beijing, this seems to be supported by deep inequality and a scramble for ‘grey’ (off -the-books) income rather than by broad … Continue reading
Prepare for a Fall Surprise
It is August, rather beautiful weather on the US East Coast instead of the normal stifling humidity, and perhaps that is lifting spirits. Certainly the stock market is levitating. It is hard to find any real fundamentals that could justify … Continue reading
Posted in The Global Economy
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