Amongst the many human characteristics many of us find unpleasant the penchant for saying “I told you so” must rank high. Listening to, or reading commentary from long term opponents of the European Union, who are now basking in their fifteen minutes of revitalised fame as the Economic and Monetary Union of the European Union […]
If the European Monetary Union collapses what happens next? Read More »
There were respected economists such as Nouriel Roubini who, as early as 2005-2006, spotted the dangers the shadow banking system were potentially causing the credit markets. When the cardiac arrest came in 2007-2008, perpetuated by Bear Sterns and ultimately leading to the collapse of Lehman, economists such as Nouriel did not bask in ill timed
Kick it into the long grass, kick it further, then bury it Read More »
Throughout the global financial maelstrom which has existed since 2007-2008 Australia has continually bucked the trend. Even the devastating series of floods experienced in Jan this year (2011) appeared to only temporarily knock the vast country from it’s gyroscopic reliance as a major world powerhouse. Australia’s per-capita GDP is higher than that of the UK,
Australia, why are the 'boom and gloom' merchants hovering and sharpening their knives? Read More »
The USA Congress estimates that the war waged in Afghanistan since ‘911’ has cost nearly $450 billion. That sum is equivalent to handing every Afghan man, woman and child $15,000. That sum is also 10 years of earnings for an average Afghan, according to U.N. estimates. That paradox is replicated in many of the fiscal
Economic paradox and the taboo of default Read More »
Can someone “do the math” as President Obama urged Congress? How do you re create the ten million jobs lost in the USA since 2007 with $447 billion of dollars? How do you pull these rabbits out of hats whilst keeping the debt ceiling under the radar, (which may be breached on Monday), the deficit
There were many amongst us in 2008-2009 who believed that insoluble medium term sovereign debt crises would be the ultimate result of rescuing the insolvent banking system by way of quantitative easing and continual bailouts (both secretive and published). As the dangerous portents of the crises return that prediction looks correct… According to a Bloomberg
Are the ghosts of 2008-2009 looking to haunt the markets again? Read More »
Ignoring the misspelling of the word “labour” there is both sadness and irony contained in a report published over the weekend indicating the true depth and severity of the USA economic situation… The percentage of working-age Californians with jobs has now fallen to a record low and employment in the State may not return to
Celebrating Labor day in the USA Read More »
For those amongst us who are not UK based, or not familiar with some of the soundbites our various UK politicians have used, “education, education, education” was a heralding cry by a previous Prime Minister on his election campaign. As to how and where the “jobs, jobs, jobs” were to be found after the “education,
Employment, employment, employment and the F PIIGS Read More »
With USA unemployment figures remaining stubbornly high it’s encouraging to see President Obama finally grasp the nettle by announcing it’s high on his priority list. As a governor from Arkansas once famously reminded the electorate, “it’s the economy stupid” and despite the fact Obama’s motives may include having one eye on his re-election campaign he
The Jobless Recovery is no Recovery Read More »
