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Yearly Archives
2013
China’s huge demographic challenges have already begun
Ambrose Evans-Pritchard of the Telegraph had an interesting post out yesterday on demographic trends in China. He writes that the working-age population in China is now shrinking as China ages quickly, in part due to the one-child policy.…
The sequester will happen
My thesis these past few years is that a fiscal retrenchment to reduce deficits in the US was likely to lead to a shortened business cycle. I have been saying since 2013 began that politics favoured the United States going into austerity…
On Ireland’s superior economic performance
Earlier in the week, I wrote a post on Latvia which explained why there is limited applicability of Latvia's travails with austerity for larger economies in the euro zone. One place where Latvia does have applicability, however, is Ireland.
On austerity and the economic outlook in Portugal and Spain
In today's links were two articles which highlighted the juxtaposition between declining sovereign yields and worrisome economic fundamentals in Spain and Portugal.
Employment situation summary puts US cycle peak at June 2012
As you may have heard already, the jobs numbers for the US came out and they confirmed that the US private sector continues to create 150-200,000 new jobs each month. This is consistent with moderate and does not indicate any signs of…
Full text: Moody’s downgrades Croatia’s government bond rating to junk
Moody's Investors Service has today downgraded Croatia's government bond rating to Ba1 from Baa3. Moody's has also changed the outlook to stable from negative.
The theory of social costs: Why markets cannot discipline financial institutions
The continuing attempts to rescue the financial sector (especially in the United States) have laid bare the tremendous social costs created by the way finance dominates the economy. If anything, the various bailouts have actually…