Featured Articles

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    World Economy
    Germany Will Make An Example Of Greece: George Friedman
    By: George Friedman | Date: 3 Feb 2012

    Germany is caught in a dilemma. On the one hand, while the Germans cannot afford austerity in troubled states due to the resulting decline in demand for German goods, cannot simply tolerate Greek-style indifference to fiscal prudence as well. In dealing with other countries such as Spain or Italy, Germany must now show with Greece that there are consequences to not complying with the orderly handling of debt without default.Read more

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    Companies & Investments
    Into The Belly Of The Beast (Part II – Goldman Sachs & The European Crisis)
    By: David Smith | Date: 2 Feb 2012

    In part two of our feature on Goldman Sachs, we look at Goldman’s networks of power in Europe and consider the ways in which Goldman is using the same dangerous financial products, which caused the 2007 crisis, to bet against Europe’s floundering economies whilst governing, or advising those countries. Finally, we ask what can be done to reduce Goldman’s power.Read more

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    World Economy
    The Keynesian Formula Will Not Solve Our Fundamental Growth Problem: Raghuram Rajan
    By: Raghuram Rajan | Date: 1 Feb 2012

    The current economic crisis demands solutions. But while most government officials, central bankers, and Wall Street economists have subscribed to the standard Keynesian formula for recovery, the potential results from this step simply paper over much of the real problems to the economy and create an illusion of normalcy. (Attached Video: Raghuram Rajan on Risks to the Global Economy)Read more

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    World Economy
    Unclogging The Global Credit Crisis: Mohamed El-Erian
    By: Mohamed A. El-Erian | Date: 31 Jan 2012

    The world faces a nasty credit problem. Far too often, companies and households with access to credit tend not to need it; while those who do, are not able to receive it. If this situation is left unattended, it might lead to a gradual, and then accelerated, renewed deleveraging of the economic system. How then can we unclog the global economy’s choked credit pipes?Read more

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    Financial Services Industry
    Who Will Win The War Over Financial Regulations?
    By: QFinance | Date: 30 Jan 2012

    As the world continues to clamp down on untamed speculative finance, disagreements between nations, global banks and financial institutions are likely to intensify. At the same time, the financial sector, and its lobbyists, will be doing all they can to adulterate, block or water down any reforms. Can any of the reforms stick, or will they ultimately have the perverse effect of increasing, and not decreasing, financial instability?Read more

    • World Economy
      With Her Debt in Tow, Where is China Heading? : Michael Pettis
      Date: 27 Jan 2012

      China’s success story is one that would certainly go down the chapters of economic history. While the West firefights its debt crisis, many fail to realize that China too has her own fair share of debt. The overinvestment theory has gained greater attention from academics and politicians alike, and China is now looking to boost internal consumption as its engine of growth. However, unless Beijing has new tricks to cover its losses, her bad debt will put downward pressure on consumption growth. Read more

    • Companies & Investments
      Into The Belly Of The Beast (Part I - How Goldman Sachs Became The Most Hated Bank On Earth)
      Date: 26 Jan 2012

      Goldman Sachs is the bank everyone loves to hate. In the first of our two-part investigation into the bank, we ask why they emerged as the biggest winners in the financial crisis. We also look at how they lobbied the US Government to reduce banking regulations, how they acquired massive fortunes by selling sub-prime mortgages, and how they deceived their clients by betting against the products they sold.Read more

    • Egypt Economy
      Egyptians Will Not Settle For An Incomplete Revolution: Mohamed El-Erian
      Date: 25 Jan 2012

      Exactly one year ago, as the World Economic Forum convened in Davos, Egyptians took to the streets in a relatively peaceful protest to overthrow a regime that had ruled over them with an iron fist for 30 years. Today, their revolution is, unfortunately, incomplete and imperfect, but make no mistake: Egyptians will finish what they started.Read more

    Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
    Wendell Philips
    He who controls the money supply of a nation controls the nation.
    James A. Garfield
    The moment that government appears at market, the principles of the market will be subverted.
    Edmund Burke