Leading economist who study the U.S. economy for signs of life sometimes have wildly different views of economic metrics, what they mean and are often sharply divideded along partisan economic perspectives. Nevertheless, there are real signs of growth going into the new year.
Exercise your Rights, move your money before it’s too late. Don’t let Potter win. JUST BEFORE CHRISTMAS this year, a few friends were having dinner wondering what personal actions they could take to help limit the power of the big banks and create a more sane, stable financial system. How, they wondered, could they help end […]
A brief examination of commonly held beliefs about “Big Government” vs. the evils and perils of the real culprits, “Big Business” and how they act against the public good. It is time we hold ‘Big Business’ accountable to be be good corporate citizens and to uphold their social responsibility to uphold the public good above greed and profits.
Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.
A Year-end Round-up of major events and happenings in the Global Markets, Global Economy & International Trade arena, naming the Global Markets & Foreign Policy blog’s Person-of-the-Year, and our outlook for 2010.
China has long claimed to be just another developing nation, even as its economic power far outstripped that of any other emerging country. Now, it is finding it harder to cast itself as a friendly alternative to an imperious American superpower. For many in Asia, it is the new colossus.
Rumors persist in recent days that JP Morgan CEO, Jamie Dimon is being considered as the most likely replacement for Tim Geithner at U.S. Treasury, as confidence in Geithner wanes because he is too cozy with Wall Street as he insists on soft reforms for the industry.
If you’ve ever wanted to be a ‘fly-on-the-wall’ in the clubby, heavily wood-paneled board rooms or the glass-encased corner offices of chief executives when the deal is being negotiated, this is it.
The book is interesting, detailed and crammed with an ‘insider’s’ perspective as the drama that precipitated the ‘Great Recession’ unfolded.
Fooling Some of the People All of the Time is the gripping chronicle of that revealing saga. Page by page, it delves deep inside Wall Street, showing how the $6 billion hedge fund Greenlight Capital conducts its investment research detailing the maneuvers of unscrupulous companies, greed-laden executives and the previaling orthodoxies of Wall Street leading up to the precipitation of the 2008 financial crisis. It is a compelling read.
China’s industrial production and trade surplus posted robust double-digit gains in October, indicating a strengthening recovery in the world’s third-largest economy. China, unlike the U.S. and other western industrial nations, has managed well in the advance of the global economic crisis.
As Asia starts down the path to recovery, it is going to have to tackle two issues which are constraining its long-term growth potential: firms that save but do not invest and wealthy households that are reluctant to consume.
As the economic crisis and the plight of ordinary Americans deepen, the Obama administration is finally beginning to embrace stronger bank and financial industry reforms proposed by courageous refromers such as Paul Volcker, Sheila Bair, Elizabeth Warren, Barney Frank and former NYS Governor, Eliot Spitzer. It’s about time!
Ian Bremmer, President of the Eurasia Group, a political risk advisory firm, provides a ‘bird’s eye’ overview of the impact of the Obama foreign policy agenda — the “New Era of Engagement” doctrine — on the world, on U.S. corporate competitiveness and on global markets.
Former Federal Reserve Bank Chair, Paul A. Volcker and Chair of President Obama’s Economic Recovery Advisory Board, has beed advocating for more aggressive reform and regulation of the financial industry, but is being resisted by the administration’s top economist – who have strong ties to Wall Street.
China’ economic emergence mirror’s America’s rise and how it was perceived by Britain at the height of the industrial revolution more than a century ago.