The curse of advanced economies in resolving banking crises
- 11 July 2012
David Pilling says the ‘Japanese Dream' started to vanish when the economy ‘froze' in the 1990s. Nevertheless, a new generation is rising: entrepreneurial, wanting to think for themselves – but struggling for independence. FT Magazine
Never mind the fiscal cliff coming at the end of the year, John Aziz sees America and China jumping off a cliff into the uncertain seas of trade war, currency war, default-by-debasement, tariffs, proxy war and regional and global political and economic instability. Zero Hedge
Though conventional wisdom would have it that developed markets with their stronger macroeconomic frameworks would have an edge in crisis resolution, the record thus far supports the opposite: advanced economies have been slow to resolve banking crises. Vox Eu
After the stock market reached its peak in March of 2000 and October 2007 and then subsequently collapsed, Steve Orlowski, in his own words is "kind-of-sort-of-maybe" predicting a forthcoming peak for the S&P 500. The Motley Fool
With an official debt of $16 trillion, not including unfunded liabilities (Medicaid, Medicare and Social Security), here's a set of infographics to magnify just how much of a mess Uncle Sam is in. Slope of Hope
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