In The New Economic Normal, Bad Is Actually Good We are told that barely growing Europe is actually doing well WASHINGTON – The worst part of the economic “new normal” created by the massive central banks interventions is that we...
David Cameron Won – But Britain’s Future Remains Uncertain Scotland wants independence, while the UK economy is still under performing WASHINGTON – After the surprise Conservative victory in the May 7 British national elections, David Cameron can feel vindicated....
Is China Cooking the Books On Economic Growth? Western economists challenge Beijing's figures. Growth is probably 5% or less, and not 7%, as stated by Beijing WASHINGTON – We all know that China’s economy is slowing down. No more 10% growth, year after year. Still,...
More Jobs in Italy? Not really The unemployment rate is still 12.7%. Among young people in the south it is 60% WASHINGTON – The Italian government just released figures related to new jobs created most likely on account of new...
In China The Economy Is Still Run By The State The Economist magazine discussed economic reforms without even mentioning the Chinese Communist Party WASHINGTON – The highly regarded The Economist weekly magazine has a Leader (we call it Editorial in America) about...
Europe Sliding Into Irrelevance High debt, no innovation, and no opportunity paint a grim picture. Draghi's QE will solve nothing WASHINGTON – Here is today’s Europe. Stagnating economies, non-existent innovation, high debt caused by unaffordable pensions and other...
No Real Economic Reforms In China The Communist Party needs to control the economy, in order to stay in power WASHINGTON – Former Treasury Secretary Henry Paulson, with all his government and Goldman Sachs private sector expertise, (he was...
The Republicans Should Promote a Genuine Opportunity Society Creating a sound macroeconomic environment is not enough. Millions of poor Americans have no access to education and real jobs WASHINGTON – Despite recent electoral victories, US Republicans may be condemned to irrelevance. And this is because of...
China Is Slowing Down – Old Model Not Working Anymore Declining industrial production and a lot of bad debt force public officials to revise growth estimates WASHINGTON – We all know that the Chinese economy is slowing down. But we do not know all the facts....
China Dumping Excess Steel China has created enormous over capacity. It is now selling its products below cost to the rest of the world WASHINGTON – In a “normal” capitalistic country, when supply expansion strategies in any given industry exceed market demand, the companies...