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The Global Liquidity Squeeze Has Begun

Submitted by Michael Snyder via The Economic Collapse blog, Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves...Show More Summary

Are There Any True Laws, Especially Economic Ones?

This is triggered by the recent post by Tyler Cowen and some followups by others. In it Tyler posits three laws: 1) There is something wrong with everything (no slam dunks, and one only understands something if one knows its flaws), 2) There is a literature on everything, and 3) All propositions about real interest rates are wrong. Show More Summary

World Economic Forum on East Asia to Kick Off in Indonesia Sunday

The World Economic Forum on East Asia, the world’s economically fastest-growing region, will be held in Indonesia’s capital Jakarta from April 19 to 21.

Chinese Submarine to Pakistan: Raising Nuclear Tensions in South Asia

Pakistan, a country plagued by economic and political insecurity, to conclude the deal of eight conventional submarines during Chinese President Xi Jinping's visit to Islamabad on Monday (April 20),

Game of Thrones Economics: Why Doesn't Westeros Have A Central Bank?

In Game of Thrones, the Seven Kingdoms of Westeros have no central bank. Why is this? And would one even be possible given the political economy of the known world? This post will address these question. As a disclaimer, my knowledge of the show is based on reading the first two books [...]

The banker behind Hitler’s shadow empire

Hjalmar Schacht was the most powerful minister in Germany, an economic "wizard" with a destructive plan for growth

American Exceptionalism Illusion Obscures Dire State of US Economy

The US economy is teetering on the edge of a precipice and risks falling into a pre-Industrial Revolution economic abyss, while American "believers in the grand myth of perpetual growth" continue to delude themselves, Paul Farrell stressed.

Greece and EU Should Turn to Russia, China to Avoid Economic Collapse

Clung to the bankrupt Washington and NATO dollar-dominated world, no one in Berlin, Paris or Rome dares to face the truth and realize that the EU countries are dying, F. William Engdahl noted.

How finance minister Yanis Varoufakis became the face of Greece's anti-austerity rebellion

Greece maybe tumbling towards a messy default on its debt, and it may even have to exit the eurozone. But it will do so in style, thanks to Yanis Varoufakis. The Greek finance minister has taken Europe's economic institutions by storm,...Show More Summary

The China effect

Counting the Cost examines how the country's economic slowdown impacts its people and the global economy.

Schedule for Week of April 19, 2015

The key economic reports this week are March new home sales on Thursday and existing home sales on Wednesday. ----- Monday, April 20th ----- 8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data. Show More Summary

Unveiling the 'Pearl of the Orient': Shanghai Everyday Life

Shanghai is China’s largest city and its most important financial, economic, commercial and communication center.

Cuomo's START-UP NY Highlights Failures Of The Empire State Development Corporation

12 hours agoTechnology : Forbes: Tech

The slow start of Governor Andrew Cuomo's Start-Up NY speak to broader failures in the state's economic development corporation.

Claim: Graduates shunning climate studies

The Economic Times reports that there is a profound shortage of scientists choosing to study climate change – that advanced Physics and Maths graduates are being attracted to more interesting fields, such as Cosmology. According to the Economic Times; The facts should speak for themselves. The Divecha Centre for Climate Change, at the Indian Institute…

MiB: Alan Krueger

This week, our Masters in Business radio podcast features Alan Krueger, former chairman of the U.S. Council of Economic Advisers. Krueger served as Chairman of the President’s Council of Economic Advisers, was a Cabinet Member from November 2011 to August 2013. Show More Summary

So That Happened: Clinton's Economic Message Doesn't Worry Wall Streeters Because They Don't Believe Her

15 hours agoNews : Huffington Post

This week, Hillary Clinton launched her campaign, but didn't order sofritas at Chipotle, the House of Representatives voted to offer upward of $250 billion in handouts to needy, filthy-rich Americans, and a man flew a gyrocopter onto the U.S. Show More Summary

Sorry Mark Zuckerberg, We Cannot Allow You To Control Internet. 5 Reasons He Is Completely Wrong

Mark Zuckerberg has written a letter, meant for all activists of Net Neutrality in India. In his letter, he says, “The Internet is one of the most powerful tools for economic and social progress” and argues that “this is why we created Internet.org, our effort to connect the whole world”. Show More Summary

Merkel Says Free Trade Zone Between Germany, Russia Possible

The German chancellor said Germany is interested in economic cooperation with Russia, despite the current political differences between the two countries.

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