5418 notizie

21 lug 2014 16:30

New American Sanctions on Russia; How Does Putin Respond?

By imposing new sanctions on Russia, the U.S. has declared “financial warfare” on Russia’s already fragile economy. The U.S. has denied access to the U.S. economy and the U.S. financial system to two major Russian banks and energy companies. (For an explanation of the new and very complex sanctions, click here) It is by no [...]

economia |

21 lug 2014 14:47

The poor should die!

I did not write about the Turkish economy for a change in this week’s Hurriyet Daily News (HDN) column: Inspired by a a YouTube video, I decided to write about the history of economic thought, at least one particular episode in that history. Anyway, you can read the whole thing at the HDN website. I [...]

economia |

19 lug 2014 16:15


Here’s another story in the continuing saga of Bankster fraud. As I’ve argued since 2008, it is likely that all—or nearly all–of the residential mortgage backed securities (RMBSs) are fraudulent. The Banksters engaged in fraud at every link in the RMBS food chain. They defrauded the borrowers. They forced the appraisers to commit fraud (pressured [...]

economia |

19 lug 2014 00:37

The Rise of the Non-Working Rich

In a new Pew poll, more than three quarters of self-described conservatives believe “poor people have it easy because they can get government benefits without doing anything.” In reality, most of America’s poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes. And their ranks are growing. In [...]

economia |

19 lug 2014 00:29

U.S. Port Strike Threat Highlights Supply Chain Risk

One issue we’ve raise over the year is the ways that the corporate fetish for offshoring and outsourcing greatly increases business risk. Even when savings are realized (and as we’ve discussed, in many cases, the main result is a transfer from factory/lower level workers to managers and executives), they are seldom weighed properly against the [...]

economia |

19 lug 2014 00:27

Access to Energy Explains Unequal Growth Rates of India and China

By Chris Pedersen: From a population perspective, China and India are massive. China (1.36 billion) and India (1.26 billion) combine to represent about 37 percent of the planet’s population. In the last 25 years, both countries have experienced growth and modernization in a variety of ways, but in the last 15 years, China has grown [...]

economia |

19 lug 2014 00:22

Why Oil and Gas in the South China Sea Won’t Be Developed

By Nick Cunningham: The South China Sea has enormous potential for oil and gas reserves but territorial conflict will likely hold it back for years to come. On July 16, the China National Petroleum Corporation (CNPC) decided to remove its oil rig from contested waters, stating that its exploration mission was completed after finding “sings of oil [...]

economia |

18 lug 2014 23:40

Is the Soft Housing Starts Data for June a Warning or a Sign of a Maturing Recovery?

Housing starts were surprisingly weak in June, the Census Bureau reports. The consensus forecast was looking for a modest gain to a 1.026 million annualized rate. Instead, the actual number dipped to 893,000—the lowest since last September. Newly issued permits for housing construction suffered a similar setback. In fact, housing has been a weak spot in the [...]

economia |

18 lug 2014 22:42

Russian Sanctions: The United States Takes the Lead

The United States has taken what, on first read, looks to be a significant step today, extending sanctions ( see also here) to block new debt and equity issuance by a number of energy, financial and military companies.  It is not quite full “sectoral” sanctions–both because it is limited in what it blocks (new debt and equity of [...]

economia |

18 lug 2014 22:39

China Chooses Growth Over Reform

The Wall Street Journal piece on rapid credit growth in China yesterday describes the sharp tradeoff for the Chinese government: achieving growth targets in the near term comes at the expense of reform delays and further rapid debt accumulation. With growth likely to decelerate in 2015 without additional stimulus, the prospects for meaningful economic reform are receding. [...]

economia |