The first warning was pretty clear. Back in May, a group of central bankers and financial analysts met together in Basel, Switzerland and issued a report on the dire state of the world economy. The 2014 annual report of the Bank of International Settlements then claimed that the present climate is as … Read more
Considering the media buzz surrounding the rising emergent markets, one might think that the American economy is doomed to be overtaken by new players in the market. The future belongs to the BRICs – that acronym has been given to the four highest performers in these markets, Brazil, Russia, India and China. … Read more
The continuing debate over the debt ceiling raises matters of such a magnitude that it is easy to be overwhelmed and confused. Everyone can agree that there is obviously something terribly wrong about a nation that must survive by borrowing against its future. Elementary economics teaches us that we cannot live beyond … Read more