Mar 182015
 
Managed depression

Why are interest rates so low? The best answer, says Martin Wolf, principal economics columnist of the Financial Times, is that the globe’s advanced economies remain in a “managed depression.” This is the phenomenon that former U.S. Treasury Secretary Lawrence Summers has in mind when he writes and speaks about [continue reading . . . ]






Mar 092015
 

Is China done? Is the 66-year-old dictatorship of the Chinese Communist Party (CCP) about to end? “Predicting the demise of authoritarian regimes is a risky business,” writes old China hand Dr. David Shambaugh in a not-to-be-missed essay (subscription required, or use your library card) in the Wall Street Journal March [continue reading . . . ]