The US and UK Central Banks were complicit in inflating the housing bubble by keeping the interest rates too low for a long time. While this theory has been discussed by many, Albert Edwards of Société Générale takes a different angle on why the Central Bankers kept encouraging the housing bubble. A post in FT Alphaville …
Most developing and resource-rich countries offer high subsidies for fossil-fuel consumption. Subsidies for oil, natural gas, electricity and coal vary among countries depending on the natural resources present in the respective country in addition to other factors. In the developed world, subsidies for oil is mostly non-existent despite some of the countries blessed with large …
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The world population crossed the 7 billion mark this year. The majority of this population lives in the developing world. According to The Global Wealth Report published last by Credit Suisse last year, about 92% of the world’s population can be classified as part of the middle, the upper middle and the lower classes. The …
I came across an interesting article titled “Century of China” is at hand by Berlin Irishev in The Asset magazine of Hong Kong. From the article: If two vertices of the triangle are represented by the USD and the euro, the third one is Asian, represented by the Chinese yuan/renminbi and the Japanese yen. The …
In the second quarter of 2010, the Chinese economy surpassed that of Japan making it the second biggest economy in the world. In the past few years a general belief has developed that China is on its way to become an economic superpower. However the popular notion that China is getting better than the U.S. …
Continue reading ‘Three Reasons Why the U.S. is Better Than China’ »