The End Of China’s Boom China could continue growing if it became an innovation society. But innovation requires freedom
WASHINGTON – The China story has changed, quite a bit. Yesterday it was about relentless growth. Today it is...
Tag: Competitiveness
Fiscal Stimulus Does Not Work –Yet We Keep Applying It Stimulus funds are badly used. Capital is wasted, debt grows, and the economy does not benefit
WASHINGTON – “If economic troubles are approaching, put together a big stimulus package”. This is the universally accepted prevention/remedy therapy...
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...
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...
America Embraces Cuba? After 55 years of hostility, Obama establishes diplomatic relations with the communist regime
WASHINGTON – President Obama’s unexpected announcement about re-establishing formal diplomatic relations with Cuba, while easing some of the travel and...
Low Oil Prices Is The Only Bit Of Good News For Most Western Countries Let's celebrate cheap gasoline. But let's find ways to grow our economies, whatever the price of oil will be
WASHINGTON – Western financial and business publications are now celebrating the collapse of oil prices. This unexpected Christmas gift is...
Will America’s Shale Oil Kill OPEC? Saudi Arabia wants to keep oil prices very low, in order to smother US shale producers that need higher prices to stay in business. But the US shale industry will fight back
WASHINGTON – The incredible decline of world oil prices, (now at $ 66 per barrel), is due to three reasons....
The Economy Grows Modestly, While Wall Street Is At An All Time High We have yet another bubble, this time caused by the ill-advised stimulus created by Central Bankers.
WASHINGTON – When it comes to US higher and higher stock prices I am struck by something truly odd,...