1. China is well placed to continue its strong development as the global crisis eases, helped in part by using its vast surpluses in massive labor-retraining programs. Low wages paid to trainees have the added benefit of maintaining the country’s cost advantages.China prepares for next surge 2. US Treasury Secretary Timothy Geithner claims he is …
Continue reading ‘Knowledge is Power:The Weakest US Banks Edition’ »
1.Emerging market equity funds took in $2.3 billion in net inflows last week, according to EPFR Global, amounting to the largest inflow since mid-December. Year-to-date high for emerging market inflows 2. The US, encouraged by the likes of President Barack Obama’s advisor Larry Summers, has for decades mismanaged its finances by exploiting the hegemonic character …
Continue reading ‘Knowledge is Power:The New “New Deal”? Edition’ »
1.The economics profession must bear a lot of the blame for the current crisis. If it is to become useful again it must undergo an intellectual revolution—becoming both broader and more modest. Goodbye, homo economicus 2.By one definition, a 21% rise in the Dow index makes this a three-week old bull market. The rapid change …
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1.George Soros: Britain may have to seek IMF Rescue…George Soros, the man who broke the Bank, sees a global meltdown. 2. The Inter-American Development Bank could easily double its annual lending, given the global financial crisis, Luis Alberto Moreno, the bank’s president, said ahead of an expected call on Sunday on the bank’s shareholders to …
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1.Australia’s banking sector is being tipped to emerge stronger than in recent years. Runaway wreck stalling; time for the clean-up 2. Stocks that Matter: BP Continuing our series looking at the most popular stocks in the portfolios of UK Unit Trusts and OEICs, we turn our attention to BP. 3.Wage Deflation Sets In– From MISH’S …
Continue reading ‘Knowledge is Power: Wage Deflation Edition’ »