Tag: economics

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Economic downturns testing

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Tyler Beck Goodspeed, a top economist, analyses economic contradictions over the last four centuries, explains why recessions start, how long they last, and how to avoid them in the first place. Do recessions end on their own, or do they require external intervention? Does a recession in one country mean the rest of the world will follow?  Are we in recession now? Contrary to popular perception, recessions are not the inevitable bust that follows an unsustainable boom, and they do not operate like wildfires that clear out economic deadwood. Recessions are caused by adverse shocks like war and energy price … Continue reading Economic downturns testing

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Inflation, growth, unemployment, balanced budgets are weaponized to enforce market dependency

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Amid financial crisis, pandemic and war, Capitalism seems invincible. Professor of Economics at the University of Tulsa, Clara E Mattei illustrates its fragility and restores hope that everything could be different Yanis Varoufakis. Economics is sold as pure and apolitical: scientific, neutral, exact. This book reveals the true role: to convince us there’s no alternative to capitalism. Mattei rips the mask off our economic system, and unpacks key concepts like growth, inflation, unemployment and balanced budgets to show how they’re weaponized to enforce market dependence, not freedom, stripping us of the power to shape the democratic decisions that govern our … Continue reading Inflation, growth, unemployment, balanced budgets are weaponized to enforce market dependency

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How to restore the UK economy, drive prosperity to elevate living standards

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Prosperity Through Growth by the US economist Dr Arthur B Laffer, inventor of Laffer Curve (his eponymous curve); policy campaigner  Matthew Elliott, businessman and former chief executive of Vote Leave campaign, Michael Hintze a high profile asset manager, and founder of the Centre for Economics and Business Research, Douglas McWilliams, although is a would-be Conservative idea for growth, who has no answer to the populist right, but the philosophy is a collection of old ideas, similar to what Keith Joseph suggested for Margaret Thatcher in the 1970s. Their policy begins by setting out principles of ideal economic policy- the “North Star” … Continue reading How to restore the UK economy, drive prosperity to elevate living standards

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History repeats itself: The tale of power, psychology and seductive illusion

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In 1929, Andrew Ross Sorkin, the author of Too Big to Fall -the definitive history of the 2008, banking crisis, follows a similar people-centred recipe to retell a much older tale of financial hubris and nemesis: the great crash that began in 1929 in the US but which when stretched out in waves of repeated panic for several years and across many countries. Sorkin reveals the tale of its ugly aftermath, as panic moved from Wall Street to Main Street with the Great Depression of the 1930s and the sweeping regulatory response to these cascading crises. In 1929, the world … Continue reading History repeats itself: The tale of power, psychology and seductive illusion

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Britain’s flagging corporate economy

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The CEOs of Britain’s largest companies wield immense power, but we know very little about them. How did they get to the top? Why do they have so much power? Are they really worth that exorbitant salary?  Two academics from Queen’s Business school, Belfast, Michael Aldous and John Turner lift the veil on Britain’s corporate elite and provide the answers by telling the story of the British CEO over the past century. From gentleman amateurs to professional managers, entrepreneurs, frauds, and fat cats, they reveal the characters who have made it to the top of the corporate ladder, how they got … Continue reading Britain’s flagging corporate economy

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Imperfect lending decisions

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Ray Dalio, who founded Bridgewater Associates  five decades ago and one of the greatest investors of our times who anticipated the 2008 global financial crisis and the 2010-12 European debt crisis, shares for the first time his detailed explanation of what he calls the “Big Debt Cycle”.  Understanding this cycle is critical for helping policymakers, investors, and the general public grasp where we are and where we are headed with the debt issue. Dalio’s model points towards surprisingly straightforward solutions for dealing with the debt problems, that the US, Europe, Japan, and China face today. Global macro investors make bets on countries, … Continue reading Imperfect lending decisions

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Updating modern corporate finance

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“Stagflation” of the 1970s – the improbable combination of high unemployment and runaway inflation-  proved painful and protracted, but explains the U.S. stock market’s remarkable forty-year run of 12 per cent average annual returns since then. Why is Japan still mired in a decades-long recession- and the Chinese economy in a tailspin? What account for the resilience of U.S. stock and labour markets in the wake of the Covid-19 pandemic and in the face of the Fed’ record interest rate hikes? Donald H Chew, editor of the journal of Applied Corporate Finance, traces the revival moment of America’s corporate and stock … Continue reading Updating modern corporate finance

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Seven turbulent decades of Global finance

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Professor of economist at Harvard and former chief economist at the IMF, Kenneth Rogoff explores the global rise of the U.S. dollar and reveals why the future stability is far from assured and argues that America’s currency might not have reached today’s lofty pinnacle without certain amount of good luck. The sharp sell-off of US Treasury bonds following Trump’s April 2 announcement of America’s highest tariff wall for a century confirmed Rogoff’s view that the recently prevailing belief that real interest rates will be “lower forever” is a dangerous myth. He sees America’s, and hence the dollar’s, “Achilles heel”, as … Continue reading Seven turbulent decades of Global finance

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Greed, lies and Veil of Secrecy

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Former Wall Street Journal reporter, editor and Bloomberg’s investigative journalist Duncan Mavin’s Melt Down exposes a crisis year for Credit Suisse’s 2023 implosion, with a lucid account of how greed and complacency of bosses and employees destroyed the bank. For centuries Swiss banks have served the globe’s wealthiest individuals, employing a strict culture of anonymity and gaining massive wealth in the process. In March 2023, bank runs and panic among depositors of smaller US lenders spread to customers of Credit Suisse. As the crisis deepened Credit Suisse remained highly solvent across a reassuringly wide range of metrics, but said it … Continue reading Greed, lies and Veil of Secrecy

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Diagnosis of Xi Jinping, Putin and Trump – warns of a second Weimar-like era 

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In Waste Land, geopolitics veteran commentator, Robert Kaplan’s wide-angled vision of our chaotic, globalised world, where present crises resonate with past tyrannies, and assess the outlook for the 21st century, and reveals the society is  a hair’s breath away from the abyss. Donald Trump is taking office amid mini Trumps elsewhere, as steely autocrats steer Russia and China. We are entering a new era of global cataclysm, a deadly mix of war, climate change, great power rivalry, rapid technological advancement, and the end of empire. Kaplan explains incisively how we got here and where we are going. His trademark sweep of history, … Continue reading Diagnosis of Xi Jinping, Putin and Trump – warns of a second Weimar-like era