Round One: US Shale Wins, OPEC Loses The US shale oil industry managed to become more productive and more efficient WASHINGTON – Here is the news. The US shale oil industry, while badly wounded by the price war waged...
No More Startups In America The real problem is fewer and fewer new enterprises WASHINGTON – President Obama confidently declared to the Nation in his last State of the Union Address that the...
Italy Still In Crisis, But Some Media Are In Denial Headlines about declining public debt are delusional or deceptive WASHINGTON – Sometimes I wonder where is the boundary between self-deception and willful manipulation. Are some media in free...
Who Believes China’s Official Economic Statistics? The Chinese clearly publish false data. What we do not know is how big their lies really are WASHINGTON – We all know that China’s economy is slowing down. The Chinese government itself announced this. What we...
WSJ: Chinese Economy Not Fixed Overproduction, too much debt and bad loans WASHINGTON – “Chinese factories continue to pump out too much steel, glass, cement and other items even as they...
Where Is The New African Middle Class? Rosy predictions failed to materialize. Lack of basic resources like electricity prevent a real economic take-off WASHINGTON – In a recent article focusing on why the African middle class is still rather small, The Economist...
Thanks To The Central Banks, The Equity Bubble Is Getting Bigger Governments are not engaging in serious economic policy reforms. Central bankers keep pumping in more liquidity. What will happen next? WASHINGTON – Imagine this. There are lots of chronically sick patients in the hospital. Many of them are deteriorating...
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...
David Stockman: We Are Losing Manufacturing Jobs Higher employment is due mostly to growth in the services sectors, mostly health care and the food industry WASHINGTON – In his Contra Corner blog David Stockman (Budget Director under Ronald Reagan) has been warning us that...
America Losing Its Small Companies No credit, high taxes and too much regulation are stifling the engine of US economic growth WASHINGTON – Dozens of analysts tell TV viewers that, whatever may be happening in China, things look good in...