An Alternative Theory For The World’s Limited Oil Supply: Gail Tverberg
Ever since Mankind first began using crude oil for its energy needs, economists and analysts alike have brought forward numerous theories to forecast the lifecycle of oil supplies, both on a local and global scale. But with oil demand, oil...
Is Affordable Energy a Myth? – Interview with Ed Dolan
Oil and energy prices have fluctuated so erratically in the last several years, affected by the constant threat of war and exacerbated by the global economic turmoil. As energy prices continue on its long-term upward trend, many wonder if affordable...
Breaking the Inter-Generational Poverty Curse: Jeffrey D. Sachs
To break the cycle of poverty, a country needs to invest in its people. Governments have the unique role to play to ensure that all young members of a generation – the poor children as well as rich ones –...
The Missing Link in Japan’s Lost Decades
The Japanese economy crashed in the late 1980s and annual growth has since averaged 0.8 percent – despite the Bank of Japan’s zero interest rate strategy. For two decades, the Japanese economy was characterised by meagre growth, unemployment and persistent...
Obama Battles to Become First $1 billion President
President Obama’s fundraising campaign is set to raise US$1 billion and that does not even include the massive ads funded by the Super PACS. Meanwhile, in Washington, the billions spend on lobbying rises ever year. The result is a conservative...
Will a Weaker RMB Necessarily Aid the Chinese Economy?: Michael Pettis
As part of China’s adjustment process, it is a virtual certainty that domestic growth will slow significantly for many years. However, many analysts argue that by boosting China’s export competitiveness abroad, a weaker RMB will provide some relief from the...
Big Oil’s Influence on US Politics
Energy and taxes have come up as important topics in this year’s race to the White House. From energy independence to tax breaks for the oil industry, affordable gas prices and environmental protection – these are the issues that can...
Making Sense of China’s Mixed Signals
The Chinese economy is no longer blistering hot but it has been sending out mixed signals about its state of health. From deteriorating manufacturing output and falling prices to unexpected rebounds the following month, how can we make sense...
Can We Learn To Live With Higher Oil Prices?: Gail Tverberg
Higher oil prices tend to cause numerous social and economic problems. However, some countries have been able to cover up these problems through a variety of financial techniques. But with oil prices continuing to climb, can the economy continue...
Hard To Be Easing – Why QE3 Cannot Prevent A Fiscal Drag: Nouriel Roubini
The US Federal Reserve’s third round of quantitative easing, or QE3, has many observers arguing that the effects on risky assets could be greater than in previous rounds. But, despite the Fed’s commitment to aggressive monetary easing, QE3's effects on...
Is A New US Foreign Policy Doctrine Emerging?: George Friedman
In the aftermath of its disastrous invasion of Iraq back in 2003, the U.S. has learnt critical lessons on the consequences of intervention, which has led to the emergence of a new foreign policy doctrine based on 'reality'. As demonstrated...
Is There Any Credibility Left In China’s Bull Case?: Michael Pettis
In order to argue that we will not see a sharp slowdown in Chinese growth, it is not enough to claim that some expert or institution has predicted that Chinese growth will not slowdown. Neither can we hold on to...
Can The Global Economy Recover From Its “High-Priced Fuel Syndrome”?: Gail Tverberg
Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“. With the world now running short of cheap energy, especially cheap oil, are countries still...
Asia’s Fortunes Intricately Intertwined with Europe’s Fate
Although European leaders are scrambling to avoid a cataclysmic economic fallout, Asia is now eyeing Europe’s prospects with nervousness and suspicion. Asian markets, in particular China, are increasingly frustrated and impatient with the lack of clear policy and rescue direction...
Monetary Delusions – Why Added Liquidity Alone Will Not Revive The Economy: Joseph Stiglitz
Central banks on both sides of the Atlantic took extraordinary monetary-policy measures in September, sending stock markets soaring. But politicians – and markets – in both Europe and America are mistaken if they believe that monetary policy can restore economic...