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Category Archives: World economy
Deal or no deal?
As the political theatre surrounding the discussions over the US’s debt limit reached new heights this week, I had to remind myself of a few things. One is that while real and substantial issues are being discussed, politicians are also … Continue reading
Problem solving?
They say that a problem shared is a problem halved. Maybe, that rings true for personal problems, but is it really true for so-called ‘world problems’? Take, for instance, two raging economic and financial issues: the US federal deficit and … Continue reading
Posted in Economics, Government, Politics, US economy, World economy
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In what state will the Union be left?
When President Obama begins to speak to the combined legislative houses this evening, he will do so without the direct benefit of many people’s input. If popular democracy means anything then it should include the opportunity for people to give … Continue reading
Posted in Government, Media, News, Politics, US economy, World economy
Tagged Communication, Presidnet Obama, State of the Union
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More on jobs issues during the recent recession
The IMF held a symposium this morning to discuss “Overcoming the Job Crisis”, at which was presented two very interesting IMF Staff Position Notes: The Human Cost of Recessions: Assessing It, Reducing It (by Mai Dao and Prakash Loungani, http://www.imf.org/external/pubs/ft/spn/2010/spn1017.pdf) … Continue reading
Posted in Economics, Financial markets, Government, Public policy, World economy
Tagged Economic policy, Recession, Unemployment
1 Comment
Give us a job
I spent last Friday at an IMF workshop about the ‘unemployment crisis’, its costs, causes and cures. To do that I had to stop working–trading–and listen to other people who work as professional economists. At the end of the day, … Continue reading
Posted in Economics, Private enterprise, Public policy, World economy
Tagged Debt, Housing, Income inequality, Unemployment
1 Comment
Fear of thrift
Whatever any official data may show in the US, or UK, or Europe, the recession will not be over for many people until they feel that getting a job is an easier task than it is now. Not that working … Continue reading
Posted in Economics, Government, Life styles, World economy
Tagged Economists, International Monetary Fund, Thrift shops, Unemployment
2 Comments
When two elephants fight, it is the grass that suffers
They say in parts of Africa that when two elephants fight, it is the grass that suffers. Well, for much of the past two years, the grass has suffered as the two elephants, the US and China, have been having … Continue reading
Taking intervening opportunities? Yes, he Kan
I have to admit to have been more than a a bit stunned by one of the storms that hit this week, that many might not have noticed. No, it was not the tornado that landed in New York City … Continue reading
Posted in Economics, Financial markets, Public policy, World economy
Tagged China, Foreign currency, Intervention, Japan, Japanese Yen, US dollar
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Summer breeze bringing some chilly news
I am supposed to have a professional interest in things economics, but that interest can sometimes be like pushing on a piece of string–it goes nowhere. When big economic institutions like the IMF and World Bank think about what may … Continue reading
