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THE BEAR'S LAIR
Deception counts
The financial and economic system has become distorted beyond belief by artificially low interest rates, excessive leverage and countless fast-buck hedge fund operations sustained by the financial bubble. The costs of these distortions have been enormous. - Martin Hutchinson (Nov 19, '14)



THE BEAR'S LAIR
US shows Malthus just 220 years early
The labor of moderately educated US workers is rewarded considerably less now than in 1979, even as the country has got much richer. In other words, Thomas Malthus' gloomy prophecies, written in 1798, were not wrong. They were merely early. - Martin Hutchinson (Nov 5, '14)

THE BEAR'S LAIR
Silicon Valley is now a short
Old age and decrepitude is settling inexorably over Silicon Valley. Its denizens will fight it, chasing frontier-tech acquisitions and seeking, through financial engineering, the magic drug that will prolong their vitality. It won't work. - Martin Hutchinson (Oct 28, '14)

Climate negotiators 'sleepwalking' in Bonn
Nearly half-a-million people protested last month in New York, demanding international leaders act on climate issues. Yet negotiators at this week's meeting in Bonn preparing for crucial upcoming talks in Lima are showing little urgency and unchanged political posturing. - Stephen Leahy (Oct 23, '14)

THE BEAR'S LAIR
When socialism can 'work'
The re-election of Bolivian President Evo Morales comes on top of his apparent successful defiance of theory in his economic policies. In reality, that "success" reflects, importantly, his inclusion of the country's indigenous poor in the formal economy. - Martin Hutchinson (Oct 21, '14)

REUVEN BRENNER
The boom-and-bust Fed's rental society
The best thing investors can do in the world created in no small part by the Federal Reserve is be be ready to become "liquid" on a moment's notice - effectively "renting" stocks or bonds, rather than buying into the businesses underlying them. One consequence is less capital spending. (Oct 17, '14)

THE BEAR'S LAIR
Hidden damage
The latest US inflation figures show that the Federal Reserve's over-expansionary monetary policy isn't revealing itself in inflation. But that does not mean it is doing no damage. - Martin Hutchinson (Sep 30, '14)

CHAN AKYA
'Bent' Fed now blind
Bad enough that the US Federal Reserve faces aspersions regarding its role as regulator and its conflicts of interest; the resignation from fund giant PIMCO of Bill Gross, the Fed's "go to" person on market opinion, tops that. It all adds up to a rough ride ahead for the Fed - and the markets. (Sep 29, '14)

THE BEAR'S LAIR
Get on with it
What a mistake the Federal Reserve has made by putting off the likely start of US rate rises even further than expected. The cost of this dilatoriness can be easily calculated by the growing housing market bubble and size of bad assets. Delay no more! - Martin Hutchinson (Sep 23, '14)

THE BEAR'S LAIR
Viennese peace twirl
The bicentenary of the Congress of Vienna, organized to settle the questions outstanding from the Napoleonic Wars, seems as good a week as any to celebrate a conference that in effect laid the foundation of the global system we inhabit today. - Martin Hutchinson (Sep 16, '14)

Oil is back
Considering all the talk about global warming, peak oil, carbon divestment, and renewable energy, you would think that oil consumption in the United States would be on a downward path. The opposite is occurring. - Michael T Klare (Sep 5, '14)

Keynes is dead; long live Marx
No matter how passionately good-hearted Keynesians beg for jobs and other New Deal-type reform, their pleas fall on deaf ears of governments controlled by powerful moneyed interests. Marx had it right: class-based policy always trumps good sense. - Ismael Hossein-Zadeh (Aug 29, '14)

Reloading the debt dice
Global financiers and corporations are increasingly supplanting governments on the international stage. Case in point: Argentina's debt struggle. Part of the answer can be found by funding through sovereign currencies and public banks, a recipe followed by China, Russia, South Korea and Japan. - Ellen Brown (Aug 29, '14)

THE BEAR'S LAIR
Nosebleed time again
The NASDAQ index has climbed to highs last seen 14 years ago, when predicted disasters failed to materialize. As the index reaches nosebleeding levels, it is worth pondering what about today's environment might justify higher valuations than in 2000. - Martin Hutchinson (Aug 27, '14)

Wanted: an inclusive TPP trade pact
The focus of the Trans-Pacific Partnership trade pact negotiations suggests a strong possibility for markets and economic opportunities to get fragmented. This can be prevented through steps to create inclusive systems, which are essential in our increasingly inter-dependent world. - Harsha Vardhana Singh (Aug 7, '14)

India rocks WTO with protocol snub
India's decisive stand not to adopt the World Trade Organization's protocol of amendment of the trade facilitation agreement was met with  "astonishment" by trade diplomats from the North - shocked that any party should have the brass neck to place the interests of its constituents on the negotiating table. - Ravi Kanth Devarakonda (Aug 4, '14)

THE BEAR'S LAIR
Business and free markets
Traditionally, business was the most important political backer of free markets. The US Chamber of Commerce, however, now reflects an agenda that is thoroughly detrimental to the interests of ordinary people and to the overall US economy.
- Martin Hutchinson (Jul 29, '14)

THE BEAR'S LAIR
World War I still bad news
Richard Ned Lebow's new book, Archduke Franz Ferdinand Lives!: A World Without World War I concludes that if Archduke Franz Ferdinand had lived, the world would at best be only modestly better off. But the author is no economist. - Martin Hutchinson (Jul 22, '14)

THE BEAR'S LAIR
Tech wrecks markets
Computerized trading was supposed to increase liquidity in stock exchanges around the world and ensure a decent flow of buyers even in the most difficult markets. That was the theory. In practice, high-tech has bounced a wrecker's ball through free markets. - Martin Hutchinson (Jul 16, '14)

BRICS size up big opportunities
The Business Forum of the BRICS group of emerging powers, meeting this week as Brazil, Russia, India, China and South Africa formalize their trading links, highlights the opportunities now opening up as companies in the five nations dig deeper ties. - Mario Osava (Jul 16, '14)

THE BEAR'S LAIR
Fine burden for finance
As other countries seek to emulate the United States in levying multi-billion dollar fines on banks, does what was hitherto seen as the cost of doing business - thriving thanks to the Federal Reserve - now render the sector too toxic for survival? - Martin Hutchinson (Jul 9, '14)

THE BEAR'S LAIR
What productivity tells us
Productivity growth is the fundamental underpinning of our prosperity, so when business (non-farm) productivity falls by 3.2% in a quarter, some attention is required, especially when the decline is part of a longer-term trend. - Martin Hutchinson (Jul 3, '14)

Ron Paul on 'End the Fed'
Former Congressman Ron Paul was a doctor by training, not an economist, yet he could see far more clearly than most economic "experts" the fundamentally destructive nature of the Federal Reserve. - Noureddine Krichene (Jun 30, '14)

IMF issues stark tax-cheat warning
A lack of harmonized global tax policies has allowed global corporations to indulge in widespread tax gaming, particularly hurting developing countries, staff at the International Monetary Fund say in a new paper that reform activists are branding 'revolutionary'. - Carey L Biron (Jun 27, '14)

THE BEAR'S LAIR
Double trouble in China
Debt in China rose from 130% of GDP in 2008 to 220%, and banking assets more than doubled. Since bad loans have been swept under the rug and credit is growing at more than double the pace that spawned crisis in the US five years ago, trouble is surely waiting in the wings. - Martin Hutchinson (Jun 24, '14)

Shop till they drop
Out-of-control central banks have taken to a corporate buying sprees, not to bail out the "too big to fail" bankrupt companies but as investments to offset bond income lost as a result of record-low interest rates. The development is all too alarming. - Ellen Brown (Jun 23, '14)

What Picketty forgot
French economist Thomas Piketty's improbably popular opus of economic history, Capital in the Twenty-First Century, has been called the most important study of inequality in over 50 years. But because it fails to address the real limits on growth it can't be a roadmap for the next. - Noel Ortega (Jun 20, '14)

THE BEAR'S LAIR
Systemic risk worse than '08
Since the crash of 2008, thousands of pages of financial regulations have been written and speeches bloviated about how we now understand the dangers of "too big to fail". Needless to say this is nonsense; systemic risk is worse now than it was in 2008. - Martin Hutchinson (Jun 17, '14)

Havenstein and the Fed
Rudolf Havenstein, architect of Germany's post-World War 1 hyperinflation, left to future central bankers vast devastation as a lesson on his folly. Yet the US Federal Reserve pursues similar polices, to the benefit of those who again savor the froth of riches that lie atop the nightmare consequences. - Noureddine Krichene (Jun 13, '14)

THE BEAR'S LAIR
Bad times breed bad ideas
Good times tend to be relatively infertile of new economic ideas. Conversely, lengthy or especially deep recessions bring the madmen out from the woodwork. This time around we have a wannabe Karl Marx in Thomas Piketty's Capital in the Twenty-First Century. - Martin Hutchinson (Jun 10, '14)

THE BEAR'S LAIR
Bond meltdown cometh
Bond investors' appetites for high yields have grown to where they are seeking out risks far out of proportion to the additional return they may receive, while state and corporate borrowers are forgetting to keep debts under control. Needless to say, this will all end in tears. - Martin Hutchinson (Jun 5, '14)

US mulls drastic carbon emissions cut
US power plants would be required to reduce their carbon-dioxide emissions by almost a third in coming decades, under a landmark proposal that constitutes President Barack Obama's most significant attempt to counter climate change. (Jun 3, '14)

Big Energy inhales tobacco's lesson
Big Energy is taking a leaf out of Big Tobacco's survival guide. When the going gets tough back home, and do-gooders are hounding you on such things as health (or the environment), head out to the developing world. A welcome awaits. - Michael T Klare (May 30, '14)

THE BEAR'S LAIR
Europe's future gloomy
The eurozone appears, after all, to have survived the recent global financial crisis - at least so far. Yet its construction remains fundamentally unsound and it is still not viable in the long term. - Martin Hutchinson (May 29, '14)

THE BEAR'S LAIR
New Delhi's challenge
As the new prime minister of India, Narenda Modi, with a majority that should allow him to govern for five years, has potentially the most important job in the world - an on-the-face-of-it high-flown claim that operates only if he gets it right. - Martin Hutchinson (May 21, '14)

Tech poison killing Chinese
Apple and other big manufacturers are being pressed to swap less-deadly chemicals for the cancerous ones poisoning their Chinese workers, whose predicament is the focus of a new documentary, Who Pays the Price? The Human Cost of Electronics. - Andrew Korfhage (May 16, '14)

THE BEAR'S LAIR
A fallible guiding hand
Hard scientists like to remind us that economics isn't physics, but these days modern physics is an equally implausible and spurious guide to real life. Nobel laureate the late Gary Becker taught us that our economics "guide" should consist of general principles only and should not be regarded as infallible. - Martin Hutchinson
(May 14, '14)

Free-trade regime: Oligarchy in action
Governments say agreements like the Trans-Pacific Partnership lower barriers to trade while increasing exports and creating more jobs. The level of secrecy and small number of labor unions involved in such deals suggest they are Trojan horses designed to serve multinational corporations and the executive branch. - Moritz Laurer (May 12, '14)

REUVEN BRENNER
Buffett's blind spot?
Warren Buffett seems to buy stocks that should grow as the average person gets wealthier, but he has so far ignored companies that use digital distribution. Why doesn't the Oracle of Omaha's "common Joe" Portfolio Include Apple or Google? (May 8, '14)

Lagarde's chance to put
IMF on side of 'fairness'

International Monetary Fund boss Christine Lagarde can use her attendance at a forum in Jordan to be forthright precisely on the topic of the conference - "jobs, growth, and fairness in the Arab world" and the pursuit of better equity in the region. Otherwise she will confirm the Fund's irrelevance in addressing the critical issues of the day. - Hossein Askari (May 8, '14)

THE BEAR'S LAIR
Small is back
It is increasingly clear that size - the bigger the better - in government and business, was a fetish of the early and middle 20th century, caused by the peculiar technological capabilities of that period. The new world favors the small. - Martin Hutchinson (May 7, '14)

THE BEAR'S LAIR
Discounting political data
The nature of elected government means long-term plans for policy or spending are futile - there is too much uncertainty beyond the next election. A political discount rate, for public-sector budgeting, is required. - Martin Hutchinson (Apr 30, '14)

Qatar LNG in wings to supply Europe
As European Union leaders have become more vocal about reducing Europe's consumption of Russian natural gas, Qatar is set to play a more influential role in Europe's energy landscape. - Daniel Wagner, Giorgio Cafiero, and Sufyan bin Uzayr (Apr 28, '14)

BOOK REVIEW
Flash boys can't match central banks
Flash Boys - Revolt on Wall Street
by Michael Lewis
Michael Lewis's latest book uses accessible language to describe the complex algorithms involved in high-frequency trading, with colorful prose and oddball characters helping to sketch out the "scandal". However, it fails to explore the role of Wall Street strategy departments in inflating the prospects of markets, and to note the bigger scam involving central banks.
- Chan Akya (Apr 25, '14)

THE BEAR'S LAIR
Inflation's broken link
The absence of high inflation under the huge expansion of the Federal Reserve's monetary base suggests that either monetary theory must be wrong or the recent extreme monetary policy must be producing pathological behavior in the banking system. - Martin Hutchinson (Apr 23, '14)

CHAN AKYA
Market valuation and
the 'two egg' problem

An oversimplified use of the "two egg" formula to explain step-like movements in asset prices would suggest investors push up the markets in ever smaller increments to figure out where breaking points lie. This ignores human and technical factors affecting the market's fragility.
- Chan Akya (Apr 23, '14)

The finance millstone
Four simple reforms would help return the finance sector to its true purpose - providing financing for the real economy to produce the goods and services that consumers and businesses demand. One hindrance - the finance industry today owns the politicians. - Hossein Askari (Apr 17, '14)

THE BEAR'S LAIR
The promise of deflation
The noise from high places, including the US Federal Reserve and the IMF's Christine Lagarde, is warning of the imminence of deflation and the dire consequences that would ensue from even a mild decline in prices. I frankly don't believe a word of it. - Martin Hutchinson (Apr 17, '14)

In Andrew Jackson we trust
It's time to give the seventh president of the US his due for abolishing central banking in 1836. Andrew Jackson's foresight and integrity began a golden era for Americans. Unfortunately, President Barack Obama is no Jackson.
- Noureddine Krichene (Apr 11, '14)

THE BEAR'S LAIR
Ultimate foolishness
Unless someone knows of a worse financial instrument, credit default swap options are the most leveraged and the most inaccurately rated by risk management of all products out. Regulators should take notice, but I'll bet they don't. - Martin Hutchinson (Apr 8, '14)

Blame the Fed for high food prices
Rising grocery bills around the world have little to do with drought. In fact, we've seen plenty of rain since 2008, in the shower of dollars from the US Federal Reserve into the global economy. This, along with ultra-low rates and President Obama's profligate spending, has caused massive inflation, higher food prices and declining standards of living. - Noureddine Krichene (Apr 2, '14)

'Bail-in' deal raises risk to bank deposits
European Union officials recently reached at agreement to create a single agency to handle failing banks. On the surface a positive, the authorization of both bailouts and "bail-ins" means depositors face a heightened threat that their funds will be confiscated. - Ellen Brown (Apr 1, '14)

THE BEAR'S LAIR
The really rich do spend
Thomas Piketty's work has received rave reviews among those seeking to resuscitate the Marxism they enjoyed in college. His central thesis that capital accumulates until its owners control everything suffers from a core fallacy: the tendency of capital owners to spend their returns. - Martin Hutchinson (Apr 1, '14)

Staring past Central Asia's strongmen
Protests that erupted in Kazakhstan following a devaluation of the tenge underlined that Central Asia's regimes are vulnerable to economic shocks. Western schemes for "rapid liberalization" are failing to generate growth, and East Asia industrial and anti-corruption experiences offer a more viable model. - Julika Peschau (Mar 26, '14)

THE BEAR'S LAIR
London loses top spot
New York has supplanted London as the world's premier financial center. The difference at present is still small, but the change has been a long time coming - nearly three decades - and will not be reversed. - Martin Hutchinson (Mar 25, '14)

Bali tips balance for WTO Doha agenda
Last year was a good one for the World Trade Organization, with overall trade growth recovering somewhat and 2013 culminating in the momentous Bali Package. And although there was a worrying rise in protectionism last year, 2014 still represents a chance to put the rest of the Doha agenda back on track. - Roberto Azevedo (Mar 21, '14)

Light work and idle hands
Politicians have no courage to address the root of sky-high unemployment such as the 27% rate seen in Spain last year because it is the symptom of diseased labor markets they won't confront. They print money instead - which helps the rich get richer, not getting idle hands to work. - Noureddine Krichene (Mar 20, '14)

THE BEAR'S LAIR
Abenomics hits the rails
The results of Japanese Prime Minister Shinzo Abe's bold policy experiment, starting to come in now, won't be pretty: deep global recession in the next two years looks a likely outcome. However, Japan and Abe could still learn from the train-wreck of postwar Britain. - Martin Hutchinson (Mar 18, '14)

Usury in the USA
Under Ben Bernanke and Janet Yellen, US Federal Reserve policies have seen a return of usury laws under the guise of ultra-low interest rates. This represents a massive confiscation from the private sector of money that could have been used to restore full employment and growth. - Noureddine Krichene (Mar 14, '14)

By the way, your
home is on fire

Given a choice between their bottom lines and the fate of the Earth, US corporations have chosen to deny increasingly clear scientific evidence of climate change. As energy firms launch multi-pronged efforts to prevent fossil fuel divestment, the planet is nearing the upper temperature limit of an inhabitable planet. Executives may have enough money to burn, but soon their world will catch light too.
- Rebecca Solnit (Mar 14, '14)

THE BEAR'S LAIR
The flick of the tail
Tail risks, events with a less than 1% probability of occurring , are the ones to watch these days. Investors, bankers and managers can ignore at their peril that it took just six weeks for the dormant threat of global war - while still modest - to evolve into a cause for real concern. - Martin Hutchinson (Mar 11, '14)

Lives at stake in TPP trade deal
The Trans Pacific Partnership agreement threatens to cut off the potential supply of generic medicines that can save lives as countries negotiating the deal are being asked to accept intellectual property rights that go well beyond normal standards. That makes the trade talks a matter of life and death. - Martin Khor (Mar 10, '14)

MICHAEL PETTIS
Will emerging markets stage a comeback?
The recent emerging markets rout left a lot of people confused about the direction in which developing countries are going, but it turns out that we should not have found recent events at all surprising. They are part of the globalization cycle. (Mar 5, '14)

THE BEAR'S LAIR
Bitcoin and Bakunin
Libertarians see cryptocurrencies such as Bitcoin as a vital weapon in the struggle against Big Government. In reality, Bitcoin represents the world of Mikhail Bakunin more than that of Adam Smith. Libetarians should embrace gold, not cyberspace. - Martin Hutchinson (Mar 5, '14)

IMF urged to ease subsidies demands
The International Monetary Fund is being urged to ease pressure on five Arab countries' governments to reduce food and fuel subsidies until stronger social-protection schemes and other basic reforms are implemented. - Jim Lobe (Mar 3, '14)

G-20 urges US to approve IMF reforms
The Group of 20 industrialized and emerging economies, frustrated at the United States' failure to approve reforms that would see governance at the International Monetary Fund shift towards developing countries, have called for action by April. - Carey L Biron (Feb 26, '14)

The rise of Obama's communism
President Barack Obama's track record is even far more chaotic then his predecessor's, and his legacy - not least the mountain of debt that has built up during his period in office and its consequences - could turn out far more disastrous than that of George W Bush. - Noureddine Krichene (Feb 25, '14)

THE BEAR'S LAIR
'Downton' was better
Larry Summers deplores the recent progression by the US toward a "Downton Abbey economy" of extreme inequality. Yet in certain respects - behavioral and otherwise - the "Downton Abbey economy" of 1920 was greatly preferable to the one we are experiencing today. - Martin Hutchinson (Feb 25, '14)

THE BEAR'S LAIR
Evading the welfare trap
The loss of 2.5 million people from the US workforce may not all be down to the impact of Obamacare. Whatever the various causes for such a loss, the country is far worse off for their absence from the jobs market. - Martin Hutchinson (Feb 19, '14)

CHAN AKYA
Define irony ...
Equity investors cheering every intervention by central banks seem unaware that while these keep asset prices artificially high, they fail to provide tangible benefits in employment generation or wage increases. Public outbursts from Singapore to the Arab world suggest anger over high asset prices won't just simmer forever. (Feb 14, '14)

REUVEN BRENNER
Why Bitcoin lacks currency to be 'money'
Bitcoin cannot become "money" - something even cigarettes can achieve - even assuming the technology geeks succeed in locking their software vaults against mischief-making hackers. It may, however, speed up the search for solutions to the present utter mismanagement of monetary and fiscal and regulatory affairs. - Reuven Brenner (Feb 14, '14)

THE BEAR'S LAIR
Is rationality returning?
Last year's 30% surge in stock values and decline in precious-metals prices amid an orgy of money printing by the world's central banks are fast being reversed. Is it - can it be - the return of some sort of economic rationality? - Martin Hutchinson (Feb 11, '14)

THE BEAR'S LAIR
When robots take over
What happens when the robots take over? The economic disruption will be considerable, but robots will likely be a boon to the economy by pushing technological frontiers and facilitating entrepreneurship.
- Martin Hutchinson (Feb 6, '14)

Pacific nations need help away from aid
Long-term dependence on aid in Pacific Island nations, some of whom rely on foreign funding for more than half their government development budgets, continues to cause concern. Pacific experts are calling for greater political will for locally driven self-sustaining economic growth. - Catherine Wilson (Jan 29, '14)

Pete Seeger: 1919-2014
Pete Seeger, who has died at the age of 94, lifted the hearts of millions throughout his eight-decade long career with songs of freedom and hope, while inspiring generations of musicians, including the '60s protest-song movement. Here, thanks to YouTube, we can be mesmerized by an almost still young Seeger, with two quiet Americans, joining famed Vietnamese musician Pham Duy Trong, who himself passed away early last year, aged 93. (Jan 29, '14)

The deflation 'ogre'
Central bank inflationists are still not satisfied with stocks rising at 30% a year, defying the reality faced by ordinary workers who have to contend with rising prices of everyday essentials. Such officials are scared by the deflation "ogre", and their miserable track record since 2002 cannot dissuade them from their destructive policies. - Noureddine Krichene (Jan 29, '14)

Dinosaur tail risks
The World Economic Forum's "Global Risks 2014" annual report supposedly outlines the hazards that could cause real trouble in the next decade. A lot of it was fashionable pap, but there do appear to be more "tail risks" than 50 years ago. - Martin Hutchinso (Jan 28, '14)

SPENGLER
Don't cry for ME-Argentina
East Asia is faring better than the rest of the world in the great economic transformation because its culture imposes merciless meritocracy, and other so-called emerging markets are in trouble because they are teeming with people who have nothing remunerative to do. The Chinese by and large have better things to do than riot, whereas for pointers of wider dysfunction to come, look to the Middle East and Argentina. (Jan 27, '14)

THE ROVING EYE
Rouhani and the 1914 remix
Iranian President Hassan Rouhani emerges as a Davos darling by wooing the in-crowd with an "open for business" sign. But the Masters of the Universe were less enamored by what he had to say on geopolitics, since rather than face the real sources of "rising tensions", they prefer an old centennial world war view: that 2014 is 1914 all over again. - Pepe Escobar (Jan 24, '14)

THE ROVING EYE
Cowbells, or how Davos saves the world
Masters of the Universe wanting to play saviors of the world are flocking to tell it on the mountain this week. Their interminable business meeting amid the Swiss cowbells at the World Economic Forum is producing nothing but jingle-jangle, Russia-bashing, and an opportunity for Japan to blow its own horn. - Pepe Escobar (Jan 23, '13)

THE BEAR'S LAIR
The coming deficit spiral
Policymakers and investors appear sanguine so far this year, apparently failing to realize that new boosts to economies through infrastructure spending fail to recognize the impact on declining budget deficits when interest rates revert to a more normal level. - Martin Hutchinson (Jan 22, '13)

THE BEAR'S LAIR
Is Graham & Dodd obsolete?
Followers of Benjamin Graham and David Dodd will, like Warren Buffett, likely have underperformed the market last year. That might indicate that the pioneering work of the two famed analysts is past its sell-by date. Or that disaster is just around the corner.
- Martin Hutchinson (Jan 14, '13)

US inequality is curable
The argument that raising minimum wages by statute increases outsourcing and local unemployment ignores the importance of the service industry. Starbucks has customers in New York; it cannot serve them by relocating its stores to Shanghai. - Martin Hutchinson (Jan 7, '14)

Bernanke's era of anarchy to go on
Outgoing Federal Reserve chairman Ben Bernanke leaves behind the desolation caused by his erroneous belief that out-of-thin-air money creation and ultra-low interest rates create wealth and employment. It is just piracy on a grand scale, yet Janet Yellen looks set to continue his folly. - Noureddine Krichene (Jan 7, '13)

CREDIT BUBBLE BULLETIN
Slack stimulus
In a global financial backdrop possibly the most fragile since 2012, we've now seen 2012-style aggressive concerted central bank stimulus measures. One of these days, such measures will not have their desired impact. We might be getting close. (Nov 24, '14)
Doug Noland looks at the previous week's events each Monday.


 <IT WORLD>

Microsoft in Hon Hai tie-up
In an effort to bolster revenue from its vast array of patents, Microsoft has signed a deal with Hon Hai, parent company of electronics maker Foxconn, allowing the Taiwanese company to legally produce devices for Android and Chrome OS using patents owned by Microsoft. (Apr 19, '13)
Martin J Young surveys the week's developments in computing, gaming and gizmos.







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