Archives
What about the EU Single Market?
April 23rd, 2015
Discussions of the economic situation in Europe and the eurozone during the last few years have a heavy emphasis on government debt and central bank policy. But from the time when the Treaty of Rome back in 1957 created ...
Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece
April 22nd, 2015
According to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations with the new Greek government ...
Huge Trouble Is Percolating Just Under The Surface Of The Global Economy
April 16th, 2015
Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high? And did you know that Chinese exports are absolutely collapsing and that Chinese economic growth in 2014 was the weakest in ...
Price Deflation, Asset Prices, and Threats to Growth
April 3rd, 2015
When I read media discussions about deflation,” three separate meanings are often used more-or-less interchangeably. One meaning is the way that economists use the term, in which “deflation” means “inflation happening at a negative rate.” Inflation means that the ...
Should Individual Tax Returns Be Public Information?
March 30th, 2015
My guess is that if you asked Americans if their income taxes should be public information, the answers would mostly run the spectrum from “absolutely not” to “hell, no.” But the idea that tax returns should be confidential and ...
China’s Consumption Transition
March 20th, 2015
A standard pattern of long-term economic development is that a country goes through a period of higher savings and investment, along with correspondingly lower consumption levels. After the growth spurt, consumption levels rise again. For illustration, here’s a figure ...
The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk
March 12th, 2015
Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other ...
KCG announced pricing of Private Offering
March 11th, 2015
KCG Holdings, Inc. (NYSE: KCG) today announced that on March 10, 2015, it priced a private offering of $500 million principal amount of 6.875% senior secured notes due 2020 (the “Notes”). KCG intends to use the net proceeds from ...
Six Reasons Why Economists Should Say Less About “Competition”
March 3rd, 2015
A short essay of mine titled “The Blurry Line Between Competition and Cooperation,” was published a month ago at the Library of Economics and Liberty website. I argued that the rule-based competition in economic markets is inextricably intermingled with ...
Gain Capital announced Record Fourth Quarter
March 2nd, 2015
Gain Capital issued a press releases informing Fourth Quarter and Full Year Results. -Record net revenue of $114.7 million, up 37% -Net income of $17.6 million, up 309% -Earnings per diluted share of $0.41, up 273% -Adjusted EBITDA of ...
