5622 notizie

28 nov 2014 00:45

Turkey: The Sultan’s Speech

The politician formerly known as PreSinister (President Prime Minister), and currently self-proclaimed Sultan, Recep Tayyip Erdoğan gave a great speech this week that summarized two key issues of the Turkish economy better than I could have in a dozen columns. Speaking at the “Women and Justice Summit,” hosted by the Women and Democracy Association (KADEM), [...]

economia |

24 nov 2014 17:45

Why Muslims fell behind economically

I really do not know if Muslims were in the Americas three centuries before Christopher Columbus, as President Prime Minister Recep Tayyip Erdoğan first claimed, and then vehemently defended, last week. They may well have been. After all, before falling behind, Islamic civilization was at least as advanced as Christian medieval Europe. Economist Angus Maddison [...]

economia |

24 nov 2014 14:04

Universal Basic Income vs. Unemployment Insurance: Which is the Better Safety Net?

A universal basic income (UBI) and unemployment insurance (UI) are two possible forms of social insurance for an economy in which job loss is a significant risk. Which works better? How generous should either program be? Would a combination of the two be best of all? These are the questions that Alice Fabre, Stéphane Pallage, [...]

economia |

23 nov 2014 18:36

Turkey: The markets’ Cinderella Man

Seen as one of the most vulnerable emerging markets (EMs) not too long ago, Turkey is on a Cinderella run, attracting significant capital inflows. Foreigners’ net equity and bond investments rose by $0.9 and 1.4 billion respectively during the last four weeks. Here is the intro. to my latest Hurriyet Daily News (HDN) column, where [...]

economia |

22 nov 2014 05:15

Founder of PayPal Says Taxes Drive Money

OK, file this in the “I never thought I’d live to see the day” category. Yes, Virginia, Taxes Drive Money. Peter Thiel, founder of PayPal understands his business model. He’s leveraging currency. His PayPal money is denominated in Uncle Sam’s money (and 24 other national currencies). Ultimately, USA demand for PayPal money is driven by [...]

economia |

21 nov 2014 14:06

Japan’s Third Lost Decade Begins

Japan’s recession is not paving the way for sustained growth. It is prolonging new debt and liquidity and thus deteriorating fiscal discipline. In the last quarter, Japan’s economy fell into recession. In the West, it was characterized as “unexpected.” The realities are precisely the reverse. With its third ’lost decade,’ Japan has entered an era [...]

economia |

21 nov 2014 13:44

Jihads, ISIL, and the Desperate State of the Islamic World

Jihadis believe in the possibility of the attainment of a this world, earthly paradise through a return to the literal word of the Quran and living the life in the ways in which the Prophet (peace be upon him) and his family and his first followers lived in the deserts of Mecca in the early [...]

economia |

18 nov 2014 14:39

The EM Growth Slowdown

Watch Roubini’s Senior Research Director, David Nowakowski, on the BBC’s flagship news program Newsnight discussing the EM slowdown.  

economia |

17 nov 2014 18:17

Dealing with the Fallout from U.S. Policies

The divergence of monetary policies in the advanced economies continues to roil financial markets. The Federal Reserve has reacted to better labor market conditions by ending its quantitative easing policy. The Bank of Japan, on the other hand, will expand its purchases of securities, and the European Central Bank has indicated its willingness to undertake [...]

economia |

17 nov 2014 16:20

Demystifying Turkish UFOs

I can hear you say it: “He finally lost it.” Nope, I have not gone completely nuts. I haven’t smoked anything that would make me see UFOs, either. I am talking about Turkey’s Unidentified Financing Objects. Here is the intro. to my latest Hurriyet Daily News (HDN) column, where I take on the first of [...]

economia |