Too Many Bad Loans In India Well connected tycoons get all the credit they want WASHINGTON – India recently decided to change its methodology for calculating GDP and the rate of growth. And, presto,...
Maersk Warning About Global Slow Down – Recession In the US? Trade flows have been reduced. The worst since 2008 WASHINGTON – Maersk, (based in Denmark) is the largest shipping conglomerate in the world. Their business is to transport...
Major Economic Reforms In Saudi Arabia? Prince Mohammed would like to see quick modernization. It will not happen WASHINGTON – What is going in Saudi Arabia? Probably too much. We have now an odd stew of engineered...
Emerging Markets Crisis Dragging Down The Global Economy Commodities prices collapse exposing trillions of dollars of bad debt. Negative ripple effects WASHINGTON – Will emerging markets in crisis drag down the global economy? Probably not. But they have added and...
“The Economist” Mocking China Front page illustraation showing a scared dragon going downhill while a disheveled President Xi tries to stay on the saddle WASHINGTON – It is no surprise that The Economist‘s cover this week is about China. The Shanghai Stock Market...
How Much Overcapacity In China? Monstrous Cement production went beyond any thinkable measure WASHINGTON – It has been said many times that the recent commodity prices collapse is due to sudden lack...
China Worries Fostered By Unreliable Government Data Analysts tend to think the worst when something unusual happens WASHINGTON – What’s going on in the Chinese economy? Nobody knows, really. We get bits and pieces; but not...
China’s Economic Slide And Its Political Repercussions The stock market fall may be an indication of more bad news to come WASHINGTON – The big 7% Shanghai stock market loss right at the start of the new year is surprising....
In Japan Intellectual Property Rights Go To The Employers The case of Professor Nakamura who invented modern LED lighting technology WASHINGTON – It is a given that the new “knowledge economy” is driven by clever innovators who are in...
Italian Dreams Prime Minister Renzi indicated that, with a 0.7% growth, Italy is once again a locomotive WASHINGTON – Hope springs eternal. Yes, but when Matteo Renzi, the Prime Minister of Italy, a country in slow...