Sep 25th, 2011
Slow growth is embedding itself solidly into the US economy and the bond mayhem in Europe continues. The external environment for China is getting worse. This will almost certainly make China’s adjustment – when Beijing finally gets serious about it – all the more difficult. With still weak domestic consumption growth, and little chance of [...]
Sep 12th, 2011
In the past two years a lot of analysts have been warning that the US and/or Europe are about to turn “Japanese”. By this I guess they mean that very high levels of debt are going to set the stage for one or two decades of economic stagnation and zero growth. I am not sure [...]
Sep 7th, 2011
I will have a new post out over the weekend, but I recently had a piece published by Foreign Policy on why keeping the dollar as the world’s dominant reserve currency is a drag on the US economy; buy canada levitra. You can find the piece here. – buy canada levitra