It has been for sometime now standard management theory that slow sales are answered with layoffs to cut cost and to maintain quarterly overall profit by...
james i do believe that save for, say, the bottom 20%, americans do feel the boom of the past 5 yrs has been nearly unprecedented. a lot of that is just the...
"Too big to fail" is the cancer of moral hazard in the US finance system. Many, including myself, have observed that the shrinking intermediary role of banks...
stephen i don't know how many gang8ers heard npr this morn. the new bush admin is apparently talking openly of the "need" to launch a massive bombing attack on...
January 1, 2001 PRE-EMPTIVE ACTION A possible Third Way for Japan By TAKAMITSU SAWA Special to The Japan Times During the last decade of the 20th century,...
For those with access to UK TV, this broadcast promises to be good quality reporting about the Japanese economic situation. Judging by his Jon Snow's previous...
Dear Gang, Arno and I are both admirers of Mr. Glaziev. Here is a recent interview with him: Nezavisimaya Gazeta - Politekomiya No. 18, JRL, Dec. 28 00 ...
Dear Stephen: ... The proposition is predicated on bedrock monetary ideas that David Hume and others translated into the classical Quantity Theory, namely,...
Dear Henry, Randy, Gunnar, James: Focusing only on the technical picture(ie ignoring the effects of a crash) of the U.S. $ vs the Euro, one could expect the...
From Joe to Gang8, Ive been preoccupied with business and SES affairs and had no time to get back into the dialogue with you all since back in November. Ive...
joe: thanx for your comments; note i've changed the subject header above! henry a) the financial and real crisis will almost certainly be WORSE outside the...
James: ... ********** For the past quarter century, I have been of the view that, as and when - not IF - the world community is faced with collapse of...
Does anyone have any comment on the report below on an Australia-United States free-trade deal? My own reaction is, at least to some extent, ambivalent. On the...
Why a crash does not mean a weak $ Dear Gang: One thought regarding the recent crash discussions on gang 8, and on the US Dollar falling as an integral part of...
It seems the one thing the ermerged from the discussion on the relationship of interest rate to inflation is that clear defintions of economic condition are...
henry even bush's tax cuts will help--the rich are heavily indebted and need a tax cut bail out to keep them from defaulting. that will help keep up the mkt...
The New York Time (Jonathan Fuerbringer Sunday Dec. 24, 2000) reported that according to chief economist John Youngdahl of Goldman Sachs, even with a...
"If the Old Economy was an automobile, the New Economy is an airplane. In an automobile, if anything unexpected happens, the natural and correct response is to...
I have suggested that Bush and his team have every incentive to pin the inevitable recession solidly on Clinton. The Fed decision today, which I have...
The theme of Thomas Frank's new book is not profound, but it is timely. I should not comment on the book since I have not read it, but I can comment on the...
Dear Henry, You say that you expect the stock market to crash. Earlier, you said that the "crisis point" of NASDAQ is 2500. Below that, people will dump their...
This IMF package is not designed to save the Argentine economy. It is design to save the lender banks from a haircut at the expense of further auterity...
17 December 2000 Gardiner to gang 8 Most of us are enthusiasts for the study of archeology as a help to understanding economics. I would like therefore to...
and, gunnar, of course i agree with you that "all else equal" higher interest rates are inflationary. but, as henry says, all may not be equal. in a heavily ...
I think the key to the coming financial crises is the exchange value of the dollar. The question of what is the proper (least damaging) level is not an easy...
Many expect James Baker to be an influential voice in the new Adminstration. It is undeniable that he has a score to settle with Greenspan whom both bush Sr....
