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China on Course Catching Japanese Disease
Hugh Askew wrote me a message with a request to write something sensible to the story published in the Financial Time from yesterday. “China is heading for a Japan-style bubble”“If China continues to... Economic Growth is Unsustainable
One thing has become clear with this financial crisis, trees don’t grow into heaven in other words any growth has its limitation. The question arises whether economic growth the so-called GDP increases year on... Recovery a Hoax
Traveling through Europe the last couple of weeks brought a closer insight in the economic development underway.Meanwhile the US Dollar has fallen in an opposed direction compared with stocks, gold, and the rest of... Good Economics
During the great credit expansion of 1945-2007, businesses could anticipate, generally, rising earnings. People were buying more and more things on credit. In a national economy, businesses pay wages and then the... Consumer no Saviour of the Economy this Time
Since 1945, the world economy has been carried on the backs of American consumers. First, they spent money they earned during the war years. Then, they spent money they earned in the big boom of the '50s and '60s.... The Recession Isn’t Over Yet
People get rich by earning money, not from the government handouts.According to Bloomberg:"The economy will expand 2 percent or more in four straight quarters through June, the first such streak in more than four... The Opening Stage of an Economic Depression
A complete pay-off of debt –deleveraging in economical terms- will take about twenty years to achieve, is explained in previous essays. It was not a very scientific estimate. US$2 trillion over the last 24... The end of the recession isn’t near
People are facing an avalanche of debt that is about to wipe out millions of consumers. The government has been recklessly borrowing and spending for too long. But President Obama has accelerated this recklessness... Could Hyperinflation Happen?
Theoretically, yes. Hyperinflation is a scary thought. Technical definitions vary, but while it could be argued that mild inflation can be a sign of a growing economy, hyperinflation is certainly never a good... Inflation or Deflation?
The economy faces both the deflationary forces of the worst recession since the 1930s and the vigorous inflationary response of the Federal Reserve, which has in effect cut interest rates to zero and rapidly... Recession’s Fatal Error
Debt and taxes: “Over the next four years, the ratio of U.S. government debt will rise to somewhere between 71% and 80% of GDP, up from 41% at the end of 2008. The 71% figure”, which is from the CBO, and likely... Pakistan: If It’s Zardari’s End, It Should Be Nawaz’s Too
" “No one party can fool all of the people all of the time, that’s why we have two parties,” says Bob Hope. Zardari may be nearing his end, but what is there to rejoice for if Sharif is his replacement? Both are incompetent, and both belong to parties that...
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