Low Oil Prices Are Good For America The US energy sector is badly hurt. But the overall American economy benefits from lower crude prices
WASHINGTON – Oil prices keep going down, and down. We are now around $ 50 a barrel, or even...
Category: Economy
Greece Once Again Threatens Europe’s Financial Stability A possible new leftist government will reopen the debt reduction deals. This possibilty exposes the Eurozone's fundamental weakness
WASHINGTON – Greece is again in the news, and for bad reasons. Early elections (to be held on January...
China’s Bubble Coming To An End Stimuls led to over capacity. Too many steel mills, while unoccupied buildings indicate that the construction boom is over
WASHINGTON – Here is the latest news from China. In the North West, several companies are going bankrupt. Some of...
How The Europeans Destroyed Their Economies America should learn from this example. Avoid taking the same path, or you get the same results
WASHINGTON – We all know that most European economies are doing poorly or very poorly. Indeed, in the new normal...
No Independent Judiciary In China Trials are a formality. The police decide who is guilty, well in advance of any formal judicial indictment
WASHINGTON – Western media are covering rather extensively the broad anti-corruption campaign now under way in China. Most recently,...
Japan Headed Towards Disaster? Abenomics is not working. A stagnating economy, combined with an aging population, negative savings rate and more debt indicate trouble ahead
WASHINGTON – Unfortunately for Japan, smashing political victories do not translate into good economic performance. Prime Minister Shinzo Abe held...
Floating Homes Will Neutralize Rising Sea Levels A creative Dutch architect successfully built entire communities on water
WASHINGTON – Those who warn us about the worst possible consequences of global warming predict that coastal areas around the world will...
Sustained US Growth Requires Quality Public Education The US is improving. But we are still struggling. Too many Americans are not participating
WASHINGTON – The American economy is closing 2014 on a high note. US GDP grew 5% in the third quarter....
Saudi Arabia Wants To Kill US Shale Oil The Saudis bet that high cost US shale oil industry will not be able to survive a prolonged period of low prices
WASHINGTON – Saudi Arabia’s oil end game is to let prices fall and stay low for as long as...
NYT Report From Cuba Silent About Moribund Economy Cuba is poor because it is socialist. And yet none of this comes out in a long article about local reactions to the news of normalized relations with the USA
WASHINGTON – In a longish report from Cuba, The New York Times tells us about various opinions expressed by...