The contention that the BRICs are gradually taking over from the West, any of them, fails to convince. Today’s Leader in the London Times states that: ...
. These cleverdick books are becoming rather tiresome. The hallmarks of civilisation are: 1. A democratic system which enables the people to throw out one ...
Michael, Here is an "amusing" repetition. While Bush advisor Mankiw hailed out-sourcing in 2004, Horace Greeley condemned such arguments as immoral and ...
. To supply the legitimate material needs of a society requires the application of either human, or robot labour. The second is the product of technological...
Another interesting article by Rodrik arguing that only manufacturing can fill the role of both supplying high wages AND the number of jobs necessary to employ...
19 August 2011 <With the Dodd-Frank legislation in the U.S. barring banks from trading on their own account, it had become difficult for Barclays Capital to...
As other Gang 8 members know, I am somewhat less than excited about the medium to long term economic success of the BRICs, and here is one major reason (there...
*Dear Friends of the American Monetary Institute,* On Tuesday, July 26th, a day Washington DC was consumed by turmoil and posturing over "solving" a phony...
. What businesses have benefited most from the riots in British cities over the past 3-4 days? It's a crude question, given the violence and tragic deaths. But...
. Geoff: There are two kinds of people, and corporations, and governments: 1. Those that comprehend the risk of foreign exchange exposure; 2. Those that...
From today’s German FT: German FT article math eco, August 2, 2011 Article by Sandra Kaselow Gefährliche Liebschaft - Wirtschaftswissenschaften und...
This makes some good points. Michael Justin Rowlatt , ³Could Iceland be a model for debt-ridden Europe?² BBC News, July 30, 2011. http://goo.gl/YbsGi Nearly...
The UK Government (and others in the EU) has been advised to change the method of estimating inflation from the old Retail Prices Index (RPI) to the Consumer...
I made this (rare - on this list) intervention the other day on the Social Credit list in the course of a typically feisty discussion between William Ryan and...
Good comment from the Daily Reckoning: " Rick Rule put it thus in an excellent presentation here at the conference earlier in the week: "The debt ceiling...
re: China: Chris, the below relates to your thoughts. INET has a range of good interviews - well worth sampling. I profess an interest: they gave me a research...
World Economics Association FYI. Arno ... Subject: World Economics Association - Progress Report Date: Wed, 27 Jul 2011 14:57:31 -0400 From: World Economics...
. The Obama Effect Standard & Poors have warned of a 50-50 likelihood that the USA's prized triple-A credit rating will be downgraded. "Owing to the dynamics...
Joseph E. Stiglitz, ³Of the 1%, by the 1%, for the 1%,² Vanity Fair, May 2011 http://m.vanityfair.com/society/features/2011/05/top-one-percent-201105 ...
Here’s my Counterpunch/UMKC blog/Naked Capitalism article for today. Replacing Economic Democracy with Financial Oligarchy Michael Hudson Soon after the...
. I have never been one of those who believes for one moment that China, as it is run at present, is on an unstoppable rise to world supremacy. That argument...
. I note that a senior Republican has walked out of talks with Barack Obama which are trying and head off a default by the US on August 2 - just ten days...
Dear friends, Friends of mine report that they heard the blast from 10 kms away and one was even across the street. The Norwegian government has been asking...
More complex than at first sight .... Norway was already withdrawing from Libya. So, this blast was a revenge from whom? - From Libya, CIA or ... ???,, ...
"the restrictions imposed by Beijing meant their prices on world markets were 100 per cent or more of those paid by Chinas domestic manufacturers, ... Those...
Dear All, It just occurred to me that our old point about foreign currency reserves not being (directly) usable at home, is actually quite obvious when looking...
