America’s Real Freedoms: by Jeffrey D. Sachs
America has now suffered around 30 shooting massacres over the past 30 years, including this year’s deadly dozen; each a gut-wrenching tragedy for many families. Today, America’s real freedoms depend on sane public policy and the bloodbath in Newtown is...
How China Beats The US At Energy Leveraging: Gail Tverberg
Countries like China and India, which leverage their oil use to a greater extent with more coal use are less affected by a rise in oil prices. This is another reason why jobs are moving to China and India,...
Has the Chinese Economy Bottomed Out?: Michael Pettis
The big news in the last few weeks has been the relatively positive economic data suggesting that Beijing could be in for a rebound. However, the “relief” data tell us nothing about the health of the underlying economy. In fact,...
Resolving India’s Entrepreneurial Paradox: Key To Starting Up The Economy?
Despite its sizeable youth population, some fear that India’s much touted demographic dividend is on the verge of going horribly wrong – that the economy may not produce enough jobs to absorb the fast-growing labour force, leaving millions of young...
One Month Later – How America Should Rebuild Itself Post-Elections: Joseph Stiglitz
After a hard-fought campaign, it seems that not much has changed in American politics. Rather, the main cause for celebration has been that America has avoided policies that would have pushed it closer to recession and increased inequality further. After...
Europe Trapped In Economic War Of Attrition: Mohamed El-Erian
Underlying tensions between European countries are gradually emerging as austerity measures imposed by richer economies exacerbate already painful recessions among indebted nations. But while the ECB has managed to stave off an outright economic war between its members for the...
A Powerless America?
As Washington hunts ill-defined al-Qaeda groups in the Middle East and Africa, and concerns itself with Iran's eventual nuclear potential, it has a much more pressing problem at home: Its energy grid is vulnerable to anyone with basic weapons and...
Is the RMB Displacing the USD in Asia?: Michael Pettis
What are the odds of the renminbi displacing the dollar, and does China want the yuan to become an international reserve currency? Besides the fact that being a major reserve currency would require the complete liberalisation of the capital account...
The Global Stock Market Rally Is Over… & The Worst Is Yet To Come: Nouriel Roubini
Equity markets around the world have begun on to fall once more – after enjoying a brief rally that started in July – as consumers, firms, and investors become more cautious and risk-averse. Given the seriousness of the downside risks...
What Obama’s Re-Election Means To The China Business Community
The re-election of Barack Obama as the President of the United States has been met with mixed reactions among China’s business community. While some welcome the continuity it brings to US-China trade relations, others fear that more bilateral economic disagreements...
The Faux French Socialist & The Reawakening Of Europe’s ‘Genuine Left’
François Hollande’s rise to power in France was supposed to herald the re-emergence of Left-wing politics in Europe. But with the French Socialist Party now falling in line with the neoliberal austerity agenda, other ‘Genuine Left’ parties across Europe have...
The Rise of the Asian Financial Powerhouse
Asia, as a whole, has witnessed tremendous growth in the past decades and city-states such as Hong Kong and Singapore have since joined the ranks of advanced economies. Asian giants are not only home to the largest number of millionaires...
What Obama’s Victory Means for Asia
The Obama Administration has made major shifts towards Asia. During his first term, Obama’s foreign policy understood that the best way to manage a fast-growing China is not to contain it, but to ensure that the United States remains aligned...
The End Of Cheap Oil & Its Impact On Financial & Energy Security: Gail Tverberg
Historically, many of the world’s major financial crises have been, in some way, connected to the cost or supply of oil. Though numerous countries around the world are now attempting to reduce their oil consumption, the end of “cheap...
Bernanke’s Great Deception: Is The Federal Reserve Waging A War On Savers & Pensioners?
The Federal Reserve’s strategy of holding interest rates near zero to spur the economy has had its share of critics – especially since it caused a massive transfer of wealth from savers to spenders, while many middle class pensioners,...