In 1988, Joseph Tainter published a fundamental study on the collapse of societies, proposing the existence of a common cause, diminishing returns, for the fact that all past empires and Continue Reading
2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the Continue Reading
Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing Continue Reading
“The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade Continue Reading
German industrial production was much worse than expected in November, underscoring the headwinds the euro zone’s powerhouse economy faced at the end of 2018. The wide-ranging economic measure was down Continue Reading
Stock markets across the world started 2019 under heavy pressure as deepening concern about a global economic slowdown spooked investors, still shaken by the worst December for equities in a Continue Reading
A global economy that until recently was humming has broken down, a sharp contrast to the picture just a year ago when the world was experiencing its best growth since Continue Reading
The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the Continue Reading
Relatively steady U.S. economic numbers—including a robust report on consumer spending from the Commerce Department—haven’t calmed the markets. Maurice Obstfeld, the retiring chief economist of the International Monetary Fund, said Continue Reading
Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within Continue Reading
