Don’t Be Fooled by Taper Talk
Since last June, most thought the U.S. Federal Reserve’s so-called taper was just around the corner. Well, the Fed’s large-scale …
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GO: J.M. Keynes Versus J.-B. Say
In late April of this year, the Bureau of Economic Analysis (BEA) at the U.S. Department of Commerce announced that …
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Reflections on the Misery Index
Recently, I calculated misery index scores for 89 countries (see: Globe Asia May 2014). For any country, a misery index …
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Europe’s Depressing Dog Days of Summer
As we entered the dog days of summer, a flurry of negative economic news surfaced. The news from Continental Europe was …
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Regime Uncertainty Weighs on Growth
Shortly after the current Great Recession started, I wrote a Globe Asia column, “A Great Depression?” (December 2008). In it, …
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Welcome to the World of Volatility
My last column “Regime Uncertainty Weighs on Growth” (October 2014) stressed that market participants do not know what the Big …
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