22 September 2009. By David Caploe PhD, Chief Political Economist. By now, everyone knows how deeply inter-connected the US and Chinese economies are. Indeed, some have even called the two countries Chimerica because of their interdependence:
18 September, 2009. It’s been a fun first week here at EconomyWatch, which “just happened” to coincide with the first anniversary of Black September 2008 – a fun-filled weekend that saw the collapse of Lehman Bros, the beginning of the never-ending bailout of AIG, and the disappearance of the icon of Wall Street bullishness Merrill Lynch into the maw of giant Bank of America.
17 September, 2009 By David Caploe PhD, Chief Political Economist, EconomyWatch.com We’ve noted in recent postings that informed observers knew before Barack Obama took office that he was – sadly – unlikely to do much more in economic policy than mimic the paltry and blatantly inadequate efforts of the Cheney / Bush regime, symbolized above all by the Paulson “Plan”, which, in the aftermath of last year’s Black September meltdown, basically begged banks to take taxpayer money and lend it.
“The first thing we do is kill all the lawyers”, Shakespeare, Henry VI.
15 September, 2009. Lower Manhattan is always a bit of a strange and wonderful place, with the Federal / State / City government complex a short taxi ride away from Wall Street, Little Italy cheek-by-jowl with a Chinatown that has yet to recover from the economic devastation of 9/11, whose ruins still lie just a few blocks away, even as ever-hip Tribeca and Battery Park continue to shine.
Wall Street, New York, US, 14 September 2009.
Has Wall Street changed, one year after meltdown? Maybe, but it’s pretty hard to see how.
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Swine Flu (H1N1 Influenza A) Outbreak Map – 5 May 2009
Swine Flu Outbreak Map – 27 April 2009
Source: FluTracker
Washington, 25 Mar. Today US President Barack Obama announced his plan for economic recovery. Included in this strategy includes means to create new jobs, reviving the housing market, and reestablishing liquidity in banks and getting them to resume lending.
Obama said, “We are beginning to see signs of progress. The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this 10 or 20 years from now.”
New Delhi, 11 Mar. Top Indian economic adviser Suresh Tendulkar recently reported that the nation’s economy could be on the path to recovery. This came with the Reserve Bank of India (RBI) cutting the reverse repurchase rate to 3.5% and the repurchase rate to 5%.
