2011

This week we will begin to examine our next topic: government spending, taxing, interest rate setting, and bond issue. We will examine fiscal and monetary policy formation by a government that issues its own currency. We will bear in mind…

An excerpt from "The World In Depression" by Charles P. Kindleberger

All of the major sub-indices from new orders to production to employment recorded an acceleration in growth. This is a good report in the face of weakening macro fundamentals globally. However, the US manufacturing sector is very close to…

The outcome of the Bank of England meeting will known first. Based on the dovish cast to the Sept BOE minutes and some recent comments, within the context of generally soft economic data, there is speculation that the BOE can resume its…

The media and some pseudo-analysts, and, surprisingly, even some investors, still don’t understand what the 21 percent haircut in the Greece bond restructuring is all about. The 21 percent touted about is simply the hypothetical…

Professor Professor Xiang Songzuo from the Centre for International Monetary Research at Renmin University in Beijing told the BBC yesterday there would definitely be retaliation if the US moves to sanctions against China. If this scenario…

BBC News - Eurozone manufacturing shrinks in September Manufacturing in the eurozone shrank at its fastest pace in two years in September, a business survey has shown. tags:…

The Bloomberg interview with David Blanchflower of Dartmouth College last week captures the essence of the European sovereign debt crisis. The essence of what Dr. Blanchflower says is this: European policymakers are leading from the rear…

Dollar and yen maintain supportive tone amid global growth concerns; ECOFIN meet to discuss EFSF. Important week ahead with focus on data and policy; potential shifts from the ECB and BoE possible. US NFP excluding Verizon expected to…

29-Year-Old Deaf Woman Hears Her Voice for the First Time tags: technology science…