President Obama, in his first address before a Joint Session of the U.S. Congress outlined the vision and policy priorities for his Administration. Prominently outlined as part of that vision for a 21st century America was a finely calibrated connection between the economic prosperity of the nation, and maintaining the U.S. position as the dominant […]
http://www.forbes.com/2009/02/18/depression-financial-crisis-capitalism-opinions-columnists_recession_stimulus.html Nouriel Roubini writing recently in Forbes magazine argues that the the current global financial crisis lays bare the failure and weaknesses of western-style capitalism, or the ‘Laissez-Faire’ paradigm. Traditionally, only emerging markets suffered severe economic shocks from such crises — and still suffer — from such problems. However, as current conditions are indicating, such […]
The ‘Finance and Economics’ section of the February 12 issue of the Economist magazine contains a compelling article that draws parallels between the current U.S. banking crisis and similar experiences by other rich nations — and more specifically in comparison to Japan’s experience. To paraphrase, history, it says, offers a rich array of banking crises […]
http://www.economist.com/ The daily rag-of-choice for the G-8 mindset as far as mainstream global business and economic thinking goes. Typically sardonic and decidedly critical and pessimistic in outlook about most global economic thinking falling outside of the status-quo, but it stays abreast of critical world economic developments.
http://www.rgemonitor.com/ This is Nouriel Roubini’s Global Economic Monitor website. It’s the shizzle as far as global economic and market intelligence websites go. It’s a subscription site, but you can still get objective insight and perspective on global markets from the lead-ins.
President Obama & PM Stephen Harper of Canada. Many, yet, do not grasp the intrinsic connection between the economy, global financial Markets and foreign policy. If ever there were a great example of ‘Economic Foregin Policy’ at work, it was displayed today in President Obama’s first foreign trip to visit our northern neighbor, Canada. The […]
Fixing Global Finance By Martin Wolf (Johns Hopkins University Press, 2008) http://jhupbooks.press.jhu.edu/ecom/MasterServlet/GetItemDetailsHandler?iN=9780801890482&qty=1&viewMode=3&loggedIN=false&JavaScript=y The latest book from FT economics columnist, Martin Wolf, explains why global imbalances cause financial crises—including the one ravaging the U. S. right now — and outlines the steps for confronting this destructive cycle. Reviewing global financial crises since 1980, Wolf lays bare […]
This week’s (7 Feb 2009) issue of the ‘Economist’ magazine has a brilliant cover story — not about the emergence, but rather, the return of economic nationalism led, unfortuantely, by the former Bush administration’s penchant for protectionist ‘bi-lateralism’. It’s an interesting peice set in context of an emerging consensus on Capitol Hill that weak money-center […]