Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Economy
Galbraith: Thoughts on a Plan B
The following is a post by James K. Galbraith as originally published this Monday at the New America Foundation's website. In July 2008, in a memorandum for the Obama campaign team and later published in Challenge, I wrote as…
Marshall Auerback Urges Job Guarantees Over Jobless Benefits
As you know, I have been back pedalling on my support for fiscal stimulus since late in 2009. I still think fiscal policy is effective – more so than monetary policy; quantitative easing is a bust because we are in a liquidity trap. But the…
One Small Step for Recovery, One Giant Leap Still Needed
Electoral disaster has a way of focusing the mind. Perhaps this is the best way to explain President Obama’s latest initiatives: an investment in the nation’s roads, railways and runways that would cost at least $50 billion, along with a…
The Camel’s Back
By Annaly Capital Management Ireland’s rating downgrade by Standard & Poor's on August 24 and the related news of its struggling millstone, Anglo Irish Bank , bring our attention back to the ongoing challenges facing sovereign entities…
Beggar thy Neighbour
“I am deeply ashamed to know that I won't be able to pay our staff. They have got mortgages, children. What am I supposed to do?" Jesus Manuel Ampero, Mayor of Cenicientos (Spain) It has been an unpredictable summer. Investors…
Spain’s Economy Re-enters Contraction Mode In The Third Quarter
by Edward Hugh Well, that didn’t last long, now did it. Two consecutive quarters of minimal GDP growth seem to have exhausted the forces of a more than fragile Spanish economy. All the post-June data we are seeing suggests the economy has…
One Swallow Doesn’t Make A Summer, But…
by Edward Hugh Well, as we all well know one swallow doesn’t make a summer, and one data point doesn’t swing an argument one way or another, but the latest retail sales PMI reading for Germany is far from being either uninteresting, or…
Not Content With France, Now It’s Poland Too!
by Edward Hugh Not only is the French economy the grateful recipient and beneficiary of sustained German export growth, so too is Poland (I’m sure they’ll be glad to hear that in Warsaw!). According to the FTs Jan Cienski: German recovery…
Wolfgang Munchau Has It (More or Less) Right
by Edward Hugh Well, having just posted a lengthy study of the German economy on this blog, I started to lazily browse my way around today’s economic news headlines, and Lo & Behold, what did I find over at the FT, a contrarian voice.…
The Odd Couple
by Edward Hugh The modern world moves at a breathtaking pace, even when most of us find ourselves on holiday. No sooner do we receive, read and start to digest one set of economic data than we find ourselves pushed to think about what the…