Keynesian Economics, GDP and Debt

The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and...

Two Down (Europe, USA), One to Go (China)

Mounting sovereign debts crises in Europe and an anaemic rebound in America's economy were more than offset by the emergence of Asia – and, in particular China and India - as a global powerhouse. Yet, the warning signs are there: China's economic "miracle" has long been...

US Dollar, Bonds to Benefit from Debt Downgrade

In August 2011, the rating of US debt was downgraded by Standard and Poor's. The other major rating agencies, Moody's and Fitch, left the USA's top-notch AAA rating untouched. This means that interest rates on future American borrowing are unlikely to rise: investors...

The Bursting Asset Bubbles

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" The recent implosion of the global equity markets - from Hong Kong to New York - engendered yet another round of the semipternal debate: should central banks contemplate abrupt adjustments in the prices of...

Wall Street, October 1929

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" Claud Cockburn, writing for the "Times of London" from New-York, described the irrational exuberance that gripped the nation just prior to the Great Depression. As Europe wallowed in post-war malaise,...

Bigshots say DUMP U.S Dollars and Gov’t bonds

" Singapore Bigshot says DUMP U.S Dollars and Gov’t bonds Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds.“If I were you, I would be worried about the U.S....