Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
Politics in the Age of Acceleration and Sharing (tags)
Why do international crises always come over us so suddenly, seemingly without any signal? This happens because we consistently ignore all the signs. We want to know everything in real time-and miss the big connections. Whoever sows weapons reaps refugees.
Bracing for An Eventual Day of Reckoning (tags)
markets
Market Euphoria During Troubled Times (tags)
markets
Lessons from the Great Depression: Christina D. Romer (tags)
This paper was presented at the Brookings Institution Washington D.C. March 9, 2009. Christina Romer, economics professor at Berkeley, is one of President Obama's economic advisers in the Council of Economic Advisers.
Growing financial crisis.
Past sins are coming home to roost.
Economic troubles are broad, deep and worrisome.
The Dollar and US Hegemony (tags)
The dollar devaluation since 2001 is a necessary adjustment for the twin US deficits, the national budget deficit and the foreign trade deficit. US imports are nearly double US exports. A drastic change of lifestyles is imperative where modesty and simplicity are encouraged.