Italian Prime Minister Talking Nonsense When wishful thinking becomes farce WASHINGTON – Yes, there is something to be said about optimistic political leaders who inspire their people to hang...
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...
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...
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...
Greek Crisis Aside, Most Of Europe Is In Decline Italy and Spain are doing poorly, yet analysts talk about theiur comeback WASHINGTON – With all the excitement surrounding the Greek debt farce, (yes, it is mostly a farce), most observers are...
The ECB Launched Its Own QE – But Growth Expectations Will Not Be Met Eueope needs serious pro-growth reforms. And they are not coming. The idea that even lower interest rates will trigger growth is foolish WASHINGTON – Here we go. European Central Bank (ECB) President Mario Draghi launched his own version of QE, or “Quantitative...
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,...
Italy Is Slowly Sinking – Years Of Recession Or Zero Growth – Unemployment At 12.6% There seems to be no public policy remedy for a country in economic decline WASHINGTON – Mario Draghi, the President of the European Central Bank (ECB) deserves praise for his ability to save...
Hollande’s Poor Efforts At Attracting Foreign Investors To France Telling investors "We are not afraid of you" is not much of a marketing message. Likewise, telling them that you intend to simplify taxation and immigration procedures is not going to get you very far By Paolo von Schirach February 18, 2014 WASHINGTON – “France is not afraid to open itself up to the...
Matteo Renzi To Lead Italy Out Of The Swamp Of Terminal Decline? Very unlikely. Another professional politician, even if youthful and aggressive, cannot put together a long term, viable plan that will stick By Paolo von Schirach February 13, 2014 WASHINGTON – And so Italy is getting a new Prime Minister. Matteo Renzi,...