Japan was like a rich man with a lot of savings, but it has spent too much over the last 20 years. The United States is still a reserve currency country, but its deficits pose a threat as the national debt becomes a serious issue for its economy.
If the global economy was about to make a significant move to the upside, why haven't industrial commodities and equity markets begun to price in that improvement -- especially in consideration of the massive amount of liquidity that has been added by central banks?
While the world is still adjusting to and trying to recover from the worst global economic crisis to occur since the Great Depression, I am focused on what comes next.
The frustration of those of us arguing for pragmatic reforms and unbiased research should be evident. I am thankful that here in the United States, the SEC has at least begun to realize the need for more independence in its research and panels, and I hope that trend continues.
On both the financial catastrophe and the storm, Governor Romney got it completely wrong. Now, in the wake of Hurricane Sandy, Romney looks all wet.
The global financial crisis has reversed an expansionary trend of international activities by banks from advanced countries that had been at play for decades.
Europe's politicians have lost sight of the real problem -- the structural problems stemming from high administrative burdens and the unpredictability of tax systems that ultimately result in too-high production costs, which in turn stifle creation and restrain innovation.
The global economic crisis has given back to fiscal policy its high profile as an instrument of macroeconomic stabilization. A revived interest in the potential of fiscal policy to boost shared prosperity has followed. Instead of denying it, we should work on those conditions necessary for it to succeed.
If the G20 nations not only spoke with one voice on financial reform but also acted as one then we wouldn't have to listen to the threat of banks moving any more.
We love your jokes! We only ask for a little more discretion. No, we don't mean about the nude photos; we don't care about that. But these days when we call our clients "muppets," there are no witnesses.
An open "politicization" of finance came out as a consequence of governments and central banks stepping in, in the sense that the dynamics of financial asset prices is now determined directly in the political sphere.
The country most at risk in the eurozone economic crisis is not Spain, Italy, or even Greece, but Britain.
Dr. Doom has taken to the airwaves, warning policymakers as well as the public that there is a high probability that a perfect economic and fiscal storm will erupt in 2013.
Nearly four years after the Great Bailout, we continue to subsidize banks through low-cost funding, and through meaningless slaps on the wrist for ongoing malfeasance.
The world recovery can continue, and can strengthen. The right pace of fiscal consolidation, continuing expansionary monetary policy, getting the financial sector back to health to decrease borrowing costs, and solidarity, especially within the Euro zone, are all of the essence.
While some economies are crashing, the celebrity of some economists is booming. One of these celebrated economists is Martin Wolf, the chief economics commentator at the Financial Times and surely one of the world's most influential columnists.