Apple is far from the only iconic US company that’s signaling a global slowdown. Three more are in the news today: “Caterpillar warns equipment sales still falling ... Read More
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent ... Read More
Parents will tell you the most difficult questions to answer sometimes come from their children. Here are some apparently innocent questions to ask of economists, journalists, financial commentators and ... Read More
Who’s going to buy the tens of millions of empty flats held as investments? I’ve been writing a lot about China recently because it’s becoming increasingly clear that China’s ... Read More
It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks ... Read More
Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s ... Read More
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of ... Read More
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film ... Read More
The stock market is in far worse shape than we are being told. As you will see in this article, the average U.S. stock is already down more than ... Read More
Assessing the current state of the Cypriot economy one could say that the year 2015 was undoubtedly another difficult year with several problems still remaining unresolved. One could also ... Read More
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