Watching the Japan follies

If I had hair, I’d be pulling it out. That’s because I’ve been watching the latest, frustrating round of political hari-kari taking place in Tokyo. With Japan’s economic recovery stalling and national debt mounting, the last thing the country needs is a fruitless political squabble, but that’s exactly what the Japanese public …

Europe’s debt crisis: Here we go again?

About six weeks ago, there was some seriously gleeful backslapping going on in Europe. A perception took hold that Europe’s leaders, employing promises of bail-outs, budget austerity programs and Eurozone reform, had managed to stem the debt crisis that ravaged through the continent in the first half of 2010. Bond markets stabilized …

What’s Good About Rising Unemployment

More people are lining up for jobs via Reuters

The Department of Labor reported August job numbers on Friday, and the numbers appeared to be another bad sign for the recovery. The economy lost 54,000 positions in the last full month of summer. Worse, the unemployment rate rose for the first time in four months to 9.6%, from a rate of …

Can World Economy Keep Growing If U.S. Doesn’t?

A worrying economic question these days is the possibility of a return to negative GDP growth in the U.S, the dreaded double dip. If it happened it could pull much of the world back into recession, possibly triggering another round of financial crisis. Though all but a few consider this a low possibility, it’s not so low as to be off the …

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