Slow economic growth? ‘Who cares?’
The persistent belief that global economic growth is “dangerously slow” and fragile is just a myth, DBS said in a note on Thursday. “If you’re worried about slow growth today, Continue Reading
World GDP in current US dollars seems to have peaked; this is a problem
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people Continue Reading
Brace for a devastating oil shock ahead
If Independence Day were about feting the U.S. weaning itself from foreign oil and forging a renewables future, the man behind our call of the day probably wouldn’t be sounding Continue Reading
The Next Financial Crisis Is Not Far Away
Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it Continue Reading
Great recession fears as bankers warn next global crash could arrive ‘with a vengeance’
Central bankers have voiced fears about the Chinese economy as corporate debt rises faster than GDP A new financial crisis is brewing in the emerging economies and it could hit Continue Reading
Energy demand metrics indicate strong U.S. economy
Metrics measuring consumer demand for fuels and related products in the United States were indicative of an improving economy, a trade group said. The American Petroleum Institute reported total petroleum Continue Reading
That Bubbling Sound Coming From U.S. Factories May Be Inflation
Champagne wasn’t the only thing bubbling at the start of 2017 for U.S. manufacturers: So was inflation, a potential warning sign in an otherwise broadly positive report on American factories. Continue Reading
Sovereign-Wealth Funds Threatened by Government Spending
Kazakh President Nursultan Nazarbayev says the country’s sovereign-wealth fund has the money to help wean the central Asian nation off its dependence on oil revenues and build an economy of Continue Reading
What Has Gone Wrong With Oil Prices, Debt, & GDP Growth?
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the Continue Reading
How to Boost the Global Economy? Higher Oil Prices, Goldman Says
Forget the stagflation of the 1970s. Higher oil prices would be a boon for the global economy, according to Goldman Sachs Group Inc. Pricey crude means economies such as Saudi Continue Reading