Japan Sinking in Quicksand
The more it struggles to free itself, the faster it sinks. But that won’t stop it from trying… even if that means destroying itself. For evidence, we turn to... Read »
Anatomy of Cartel Contracts
If cartels are a clear and ever-present violation of market economics, what can authorities do to combat them? This column presents new research that helps economists... Read »
British Wages, Prices, and NGDP
Karl Smith recently made the following offhand comment: To give meat to the idea – its conventional wisdom to deny the existence of race. Scott Sumner has denied the... Read »
Eurozone Banking Union with a Sovereign Virus
The doom-loop between banks and the national governments played a dominant role in the Eurozone crisis for Ireland and Cyprus. A Eurozone banking union is usually... Read »
Everything the IMF Wanted to Know About Financial Regulation
Does anybody have a clear vision of the desirable financial system of the future? This column has one. It gives simple answers to 12 simple questions panellists... Read »
China-EU Solar Panel Trade Dispute: Rhetoric Versus Reality
This week, the European Commission will almost certainly impose substantial interim tariffs on solar panels that it believes Chinese firms are dumping in the EU.... Read »
Investors Not Impressed with Abe’s “Third Arrow”
The Japanese equity market suffered another 3+% drop on June 5th and slipped a further 0.8% on June 6th as investors showed their dissatisfaction with a speech by... Read »
Top 10 Performing Stock Markets Since QE1
An unexpected change of heart happened this week that you might not have heard about. After years of resisting any path other than its rigorous course, Germany announced... Read »
Negative Interest Rates
There seems to be a debate at the European Central Bank (ECB). The issue is whether or not the ECB should impose a negative interest rate. I listened to the interview... Read »
The Decade of Shale
Ah, it seems like just yesterday President Obama bowed to King Abdullah, the leader of Saudi Arabia. Back then the U.S. economy was just getting back on its feet.... Read »
When Science Fiction Becomes Science Fact
Periodically, I forget that the rate of scientific change is accelerating exponentially. If you’re paying attention to the people who are actually pushing the... Read »
Japan: Market Top or Entry Point?
This year foreign investors have plowed almost $80 billion into Japanese equities, which have been leading global markets. By Wednesday, May 22, the market was up... Read »
Is Greece Coming Back?
There is a chance that Greece may have possibly, hopefully, cross your fingers passed through the worst of its nightmare. From the FT The new mood is bolstered... Read »
Is Japan Signaling the Beginning of the End?
Since The Bernank spoke last week, the Japan markets have been in turmoil. Stocks have fallen over 12% in just a few days, and, most troubling, bond rates have risen... Read »
Chimerica: Housing and Haircuts
I recently spent 3 days in the SF Bay area of California. Great place to live! My wife and I visited some friends in a San Francisco suburb call Millbrae. Just... Read »
Lessons from the World of Tax Avoidance
A Senate report criticises Apple (AAPL) for shifting billions of dollars in profits into Irish affiliates where its tax rate is less than 2%, yet a growing chorus... Read »
The Challenges for Iran’s Next President
Iran’s Guardian Council, the powerful vetting and oversight committee of the Islamic republic, announced Tuesday its list of eight approved candidates for... Read »
Excess German Savings, Not Thrift, Caused the European Crisis
One of the reasons that it is been so hard for a lot of analysts, even trained economists, to understand the imbalances that were at the root of the current crisis... Read »
Iceland’s Post-Crisis Economy: A Myth or a Miracle?
Icelandic voters recently ejected its post-Crisis government – a government that successfully avoided economic collapse when the odds were stacked against it.... Read »
America’s New Growing Energy Security
Yes, dear reader, the U.S. holds a new strategic energy weapon. The U.S. shale gale, or fracking revolution, has begun liberating not only “trapped” hydrocarbons... Read »






