Here is what I am reading: How could Spain’s ‘secure’ banks descend into crisis? (The Guardian) Chinese traders fear repeat of 2008 as ore piles up (The Sydney Morning Herald) India Inc sees economy growing at less than 7% (The Economic Times) Newspapers Cut Days From Publishing Week (The New York Times) Structural transformation and…
Influential Australian business leaders are urging RBA to cut rates in its June 5th meeting: The chief economist at AMP Capital, Shane Oliver, who is pushing for the cut, said he did not expect it to be fully passed on to borrowers. “That’s one of the reasons the Reserve Bank should and will cut 50 points,” …
Professor Ken Rogoff, Professor of Economics at Harvard University, writes in Project Syndicate that both Keynesians and Austerians have got it wrong. One extreme is the simplistic Keynesian remedy that assumes that government deficits don’t matter when the economy is in deep recession; indeed, the bigger the better. At the opposite extreme are the debt-ceiling absolutists…
The villagers of indomitable Gauls had superhuman powers thanks to the magic potion brewed by their druid, Getafix. Those Gauls were supremely confident in resisting the mighty Roman Empire and repeatedly trouncing its powerful armies. Their biggest fear was that the sky will fall on their heads. The country of USA also has ‘super-economic’ powers.…
The famed hedge fund manager, George Soros, thinks that after election Greece will stick by current bailout agreements but would find it impossible to do so. further more, German economy will start to weaken by fall 2012. “The Greek crisis is liable to come to a climax in the fall. By that time the German economy will…
Here is what I am reading: Wall Street Food Chain (PIMCO – Bill Gross) The Austerity Agenda (The New York Times) Why do people dislike inflation? (Noahpinion) World Bank Blasts Europe’s Euro-Crisis Management (Spiegel Online) UK manufacturing slump raises fears of longer recession (Guardian) Why the Next Jobs Report Matters More Than the Last (Economix)…
While researching some idea I came across a post by Paul Krugman that he wrote in March ’12. I found Krugman’s following thoughts about reading old books about economics, or any subject, very insightful. So, first of all, my basic reaction to discussions about What Minsky Really Meant — and, similarly, to discussions about What…
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