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Some predictions fail to recognize that, after a significant adjustment, China’s economy will almost certainly rebound strongly. The question is how significant that adjustment will be and how protracted will policy responses make the correction.Set against a weak global backdrop, we have to...
Persistent link: https://www.econbiz.de/10013238869
Australian Steve Keen was, in fact, one of just 13 registered economists , out of a global total of around 36,000 (yes that really comes out as 0.04%), who actually anticipated the global financial crisis.Knowing this, I think it’s almost impossible not to want to read his latest book,...
Persistent link: https://www.econbiz.de/10014235935
In recent weeks and months, a number of market commentators have drawn comparisons between the prevailing economic landscape and previous financial crises, episodes and events. These have ranged from talk of a new ‘Volcker Shock’ to a repeat of the 1987 stockmarket crash, the dot.com burst...
Persistent link: https://www.econbiz.de/10014236089
Thailand is a Gateway to Asia, according to the Thailand Board of Investment website. Yet with strong competition among its ASEAN neighbors, as well as the huge economy of southern China, can Thailand be considered as the best place for businesses to base their Asian activity? The term Business...
Persistent link: https://www.econbiz.de/10012829709
By 1911, The Great Lafayette was such a renowned illusionist that when an oriental lantern from the set caught fire during a performance, the audience thought it was part of the act. In fact the fire destroyed the stage and killed Lafayette along with two of his assistants. In recent weeks, it...
Persistent link: https://www.econbiz.de/10012829711
Since a significant dip in 2013, the Baht has recovered. This evolution doesn't necessarily show against the USD, mainly down to the greenback's own strength, but the THB has held its own better than many others.If we take a look at other currencies, for example the GB Pound, the Euro and the...
Persistent link: https://www.econbiz.de/10012829712
The global economic backdrop in 2015 remains a debt deflation. This means that PRIVATE debt reaches levels where further expansion is simply not sustainable; and the reductions in levels of debt and rates of debt-increase act to constrain spending. This leads to economic weakness, falling asset...
Persistent link: https://www.econbiz.de/10012829713
At the beginning of the summer holiday season, the Chinese economy looked in rude health. Stock markets were flying high – the IMF measured it as the world's second largest and predicted it would remain so at least until 2020. However, slowing growth and moves by the central bank to increase...
Persistent link: https://www.econbiz.de/10012829714
There has been a great deal of controversy for the last decade or so about the price of Australian residential property. Professor Steve Keen, my colleague at economics think tank, IDEA Economics, found himself at the centre of this controversy when he undertook a study that indicated back in...
Persistent link: https://www.econbiz.de/10012829717
Now it seems that another star of the 1970s and 1980s is also about to depart the stage, leaving a similar gap to fill – but this is in the investment field as opposed that of cricket. This star has continued to shine up until today. I'm referring of course to Warren Buffett and his remarkable...
Persistent link: https://www.econbiz.de/10012829719