FT: “Corbyn Is A Disastrous Choice” The British Labour party has abandoned reality, taking refuge in peace and justice dreams WASHINGTON – Here is how The Financial Times sees the election of Jeremy Corbyn as the new leader of...
Italy’s Bad Growth Numbers Described As Good In the "New Normal" leaders and media proclaim that chronic under performance is totally fine WASHINGTON – When drastically reduced expectations become the “New Normal” lousy economic numbers in Western countries become acceptable, and...
An Academic Argues That We Need Socialist Policies in America Socialism is good, we have never really tried it WASHINGTON – In the course of a TV program focused on economic freedom, a leftist university professor was interviewed...
China’s Economy “Worse Than You Think” Jim Chanos of Kynicos conlcuded long ago that China is a house of cards WASHINGTON – A few years ago, Jim Chanos of Kynicos Associates made news because he had the temerity to...
A Made In China Global Recession? Too much debt in China may trigger a global crisis WASHINGTON – After the disastrous 2008 global financial crisis triggered by crazy speculation in the US, the world has...
How Bad Is The Chinese Economy? While there is little transparency, what we know creates a scary picture WASHINGTON – There is no way to tell which way the Shanghai Stock Market is headed. However, it is...
China Is Not A Market Economy The Chinese Government intervened to prevent a stock market crash in order to avoid political fallout WASHINGTON – The Chinese government’s reaction to the recent Shanghai and Shenzhen stock market crashes and ensuing panic provides...
The Real Trouble With The Euro The EU monetary union project was based on bad assumptions. Too many differences among Eurozone countries WASHINGTON – The media love financial crises. And now they have the deteriorating Greek situation to talk about. I have...
Beyond The Debt Crisis, What Will Happen in Greece? The roots of the problem are in a non competitive economy and bad administration WASHINGTON – Suppose that recalcitrant Greece and its not so well disposed creditors (the EU, the ECB, and the...
Nutella Causes Global Warming French Ecology Minister Segolene Royal explained that it is all about using too much palm oil WASHINGTON – Now we know it. Nutella, the popular hazelnut chocolate spread made by the Italian firm Ferrero, causes...