psychology

One lesson we should keep in mind as we recover in the aftermath of Sandy is that we are slow learners. Although the vulnerability of many of these communities is undeniable, we have resolved to rebuild the homes. That resolve will no doubt…

I want to direct you to a post at the Institute for Public Accuracy that features political economy commentator Tom Ferguson because his analysis of exit polls is interesting. What he has picked up on is that the big divide in the 2012 vote…

Spiegel, a widely-read German magazine, has published a trilogy of articles on inflation in German that it has also translated into English. The theme is “How Monetary Policy Threatens Savings” and I see this as a must-read for those…

The global economy has been slowing for nearly a year now, both in developed economies and in emerging markets. Things were already weak before this global growth slowdown began. It almost seems like we have been in a permanent state of…

A few hours ago I wrote a rather downbeat post on the prospects for the US economy that continued the thoughts from an article I wrote in the New York Times. A number of other sources have confirmed some of the logic behind that post since…

I want to revisit Richard Koo's comments three weeks ago after his meeting with a number of German policymakers. I think they are illuminating in terms of why Euro crisis policy is as it is. And given the downturn in German economic…

I have said it in the past, but it bears repeating now in view of poor German economic data, as difficult as the austerity/bailout dance has been , it will become even more difficult in a downturn which affects Germany and other core…

Warning: This commentary is very DISTURBING - not for the faint of heart. Two days ago, a friend of mine told me via email about a comment on a blog post about whether MBA schools were incubating criminals that was truly disturbing. I…

I was on RT's Capital Account on Monday afternoon, talking about the euro crisis yet again. The video is below but I have a few comments before you watch it. In the video, I say Europe can continue dithering for quite a while. There is…

Editor's Note: The following is the text of recent remarks on the European sovereign debt crisis made by legendary investor George Soros at the Festival of Economics in Trento, Italy.