UK back in recession
Demonstrating how austerity is a bad idea for Europe right now and is the solution to the wrong problem, the UK is in recession once more.
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Read more: UK back in recession
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Beginnings of the European realisation that austerity is mis-timed
Read more: Beginnings of the European realisation that austerity is mis-timedAusterity has an encouraging family responsibility and belt-tightening feel to it. An analogy that is entirely misguided when it comes to national finances. Watch the PIIGS chase their austerity tail into a depression. Meanwhile, the Dutch and some other European countries, former supporters of the ridiculous 3% deficit rule, are starting to question that “wisdom”.
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We can’t all be Germany
Read more: We can’t all be GermanySome interesting thoughts on what drives Germany’s apparent success. The article does understate the problem that Germany’s success is significantly export driven – not everyone can export for obvious reasons. Also, the author notes that consumption has grown more slowly than economic growth without understanding that is exactly the source of an export-encouraged boom. Growth…
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Digital currencies and more
Read more: Digital currencies and moreBitcoins are a bad idea. Â I’ve put this forward from multiple directions already. What’s interesting is the range of new, government-sponsored digital currencies that are in development. Digital currencies might also be a little bit of a stretch, they’re still more like digital payment methods. Unlike Bitcoins, there is much to recommend about low-cost, high-security,…
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Prediction Update : US Yields stayed low
Read more: Prediction Update : US Yields stayed lowIn August 2011 I predicted that, against cries of hyperinflation and debt crisis in the US, yields would stay low. Specifically, I said: Prediction: If the US debt is downgraded in the next 6 months, yields won’t increase by more than 0.2% 6 months after the downgrade. In other words, there might be a small,…
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For every complex problem…
Read more: For every complex problem…For every complex problem, there is a solution that is clear, simple and wrong. Greece is a complex problem. Paul Krugman points to this Choose Your Own Adventure on the Greek crisis. Much like the original books, there are many, many nasty ends. Read it, try it, explore a few paths. This is the best…
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!Inflation
Read more: !InflationReally Stagnant Inflation and even Genuine Deflation are part of the US economy now. Where is the hyperinflation? ! is the mathematical symbol for “not”, in case you were wondering.
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Symmetry and savvy
Read more: Symmetry and savvyThe DA is quite negative on the new taxes proposed for the mining sector. They seem to argue that higher taxes will discourage employment and investment. I haven’t analysed the details thoroughly so maybe they are correct. I suspect that it’s more dogmatic following of views from those who don’t understand the pros and cons…
