Tag: economy

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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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Global purchasing power

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2, 500 years of international currencies the future of the U.S. dollar as well as crypto and central bank digital currencies are revealed. Recently the US dollar has fallen more than 10 per cent against other major currencies since the beginning of 2025, and this especially has questioned the its future, that how long can it remain the world’s premier currency and should it fall what will replace it? Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction and fraying international alliances. In Money Beyond Borders, Barry Eichengreen, a leading authority on … Continue reading Global purchasing power

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Insider’s guide to boom-and-bust

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Lloyd Blankfein, head of an institution legendary for its culture of success writes a candid memoir of global leadership in an age of extreme turbulence. Blankfein is quiet scary smart about people, markets, and life generally, as his 10, 000 Small Businesses idea proved to be a huge winner. During the 2008-2009 financial crisis, Lloyd acted decisively and he tells the story of what happened with unique insights. When Blankfein was attacked as a Wall Street fat cat, he had to smile, thinking of his precarious childhood in the notorious public housing projects of East New York, Brooklyn, and attending … Continue reading Insider’s guide to boom-and-bust

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Changing  western-dominated international order

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Former UK minister in the coalition government under David Cameron and chief economist at Shell, brings all his knowledge, common sense and experience in Eclipsing the West, defining political and economic issue of our era, relations between the west and the rising Asian countries like China and India. As the International order begins to crumble in the Western-dominated world we have known for the past three hundred years is coming to an end, as America withdraws from its role as enforcer of the international order, other countries are moving in to fill the void.  Accounting for more than a third … Continue reading Changing  western-dominated international order

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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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Engineering towards mega projects

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Chinese-Canadian, Technology analyst, Dan Wang, from Stanford University, has been living through China’s astonishing messy progress. China’s towering bridges, gleaming railways, and sprawling factories have improved economic outcomes in record time. Rapid changes also meant pain throughout the Chinese society, controlled by political repression ending in astonishing growth, a feature of China’s engineering mindset. In Breakneck, Wang, reveals a provocative new framework for understanding China – one that helps us see America more clearly. While China is an engineering state, relentlessly pursuing megaprojects, the United States has stalled. America has transformed into a lawyerly society, reflexively blocking everything good and … Continue reading Engineering towards mega projects

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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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Arsenal of economic weapons: How the US weaponised Dollar

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Chokepoints is one of the most pivotal geopolitical shifts of our time. As Russia, China and Iran have sought to upend the international order, America and its allies have mounted unprecedented economic retaliation. Now the global economy is a weapon of war. Globalisation was once hailed as the great leveller, bringing prosperity to all. Former top US State Department official and a scholar, at Columbia university, Edward Fishman, takes us into the back rooms of power around the world, meeting an eclectic group of innovator: the diplomats, lawyers, and financial whizzes who have masterminded a fearsome new arsenal of economic … Continue reading Arsenal of economic weapons: How the US weaponised Dollar