Back to the future
by“Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ?…
September, 2014
The wages-fuel-demand fallacy
byIn recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they…
Yield curve and the US economy
bySo far in August the differential between the yield on the 10-year Treasury note and the yield on the 3-month Treasury bill stood at…
Storm warning
by“When Nobel Prize-winner Joseph Stiglitz was asked in Germany this week if the country and its neighbours would suffer a lost decade, his response…