An interesting chart from a presentation by Richard C. Koo, Chief Economist, Nomura Research Institute, Tokyo: Click to Enlarge Source: The Age of Balance Sheet Recessions: What Post-2008 U.S., Europe and China Can Learn from Japan 1990-2005 by Richard C. Koo, Nomura Research Institute
In this post lets take a look at some of the differences between China and USA. The chart below shows the comparison of government finances between the two countries. Click to enlarge Source: Der Speigel China has the world’s largest foreign currency reserves. Though the chart says it is $1.9T, the more recent figure was …
Continue reading ‘China vs. USA – A Comparison of Government Finances and the Economy’ »
From “The Numbers” section of the latest edition of Bloomberg BusinessWeek: Governments around the world haven been borrowing heavily in the past 10 years so much that the debt level has now more than doubled to $55 Trillion. CNBC has published a list of The World’s Biggest Debtor Nations based on the total outstanding external …
Continue reading ‘List of Countries for Possible Downgrades’ »
The Bank Director magazine has published the results of the 2009 Bank Performance Scorecard which ranks the top 150 banks in the U.S. In an article titled “Home Run Hitters: Results of the 2009 Bank Performance Scorecard” the magazine noted: “In what’s been one of the toughest years in banking, institutions that played it fiscally …
The current Fed Funds Rate is 0.25%. It been at this rate for many months now and the Fed plans to keep the rate at this level for an extended period of time. However despite this low rate bank lending has not increased. Both consumers and businesses are not borrowing due many reasons such as …
Continue reading ‘When will the Debt Rejection Syndrome End in the U.S.?’ »