Monthly Archives: June 2012

Econo-deism

Philip Stephens of the FT has a wonderful reflection on why we are in such an economic mess, and why economic science has not gotten us out: http://www.ft.com/intl/cms/s/0/291908a0-b577-11e1-ab92-00144feabdc0.html#axzz1y0gPIlVY   Read and enjoy!

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The 2nd Great Depression

Dani Rodrik has published what I can only desribe as a chilling layout of the path to the 2nd Great Depression, titled “The End of the World as we Know it.”    What chills is that Rodrik doesn’t require any great … Continue reading

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Sado-Monetarism

Ambrose Evans-Pritchard writes of European austerity policies in The Telegraph: “Spain must tighten by 4.5pc of GDP this year though unemployment has surged to 24.4pc — from 7.9pc in 2008 — and the public sector is not unduly large. Italy … Continue reading

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Ker-clunk, ker clunk, ker-clunk…

That sound you hear is Europe kicking an ever rustier, more dented can a bit further down the road. Germany has agreed to lend money to Spain’s bank insurance program, in order to sustain the solvency of Spain’s banks. Good … Continue reading

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Approaching Danger in Egypt (Why Elections can Worsen Problems, not Solve them)

The Presidential run-off in Egypt presents a new high point for danger in the Egyptian revolution. After struggles over who could run in the general election, and a plethora of candidates being disqualified, the two candidates left standing are in … Continue reading

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Going down… (but eventually back up)

I didn’t blog this weekend because Friday’s economic news was SO bad, it took a while to digest.  Brazil’s economy practically stalled out in the first quarter, all of China’s manufacturing indices indicate much lower growth than last year, Britain’s … Continue reading

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