debt

What accounts for the difference in inflation paths in the UK and the US?  In America, we have disinflation, causing the Federal Reserve to conduct a second round of quantitative easing. But in the UK, we have accelerating inflation.…

I was on RT TV America last Friday talking about the jobs report. The video from that discussion is below (it runs about 5 minutes).  Here's the deal: The US is in the midst of a technical recovery that has been on-going for about…

The heads of state of the world's twenty largest economies are set to meet in Seoul, South Korea to discuss the global economy. The so-called currency war will be of particular interest during this session because of an escalation in…

Here's a good town hall-style video featuring Simon Schama and Hugh Hendry on BBC QuestionTime. The ever-combative Hendry gave his opinion on the prospects for the UK economy going forward from the Austerian viewpoint. He said that he…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). "That the economists...can explain neither prices nor the rate of…

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an…

by Comstock Partners Economic growth remains extremely subdued and a double dip is still a strong possibility. In the first 4 quarters of the current recovery ended June 30th, GDP increased at a rate of 3% annualized, compared to an…

This is the analysis emanating from the ECRI: (CNN) - Op-Ed by Lakshman Achuthan and Anirvan Banerji The good news is that the much-feared double-dip recession is not going to happen. That is the message from leading business…

From From Jeremy Grantham's latest quarterly letter: If I were a benevolent dictator, I would strip the Fed of its obligation to worry about the economy and ask it to limit its meddling to attempting to manage inflation.  Better…

I was on BBC Radio Five Live at about 4AM local time this morning for a good 5 to 10 minutes, talking about the coalition government's austerity budget. My basic message was that austerity-lite might be defensible but full austerity is…