“…imagine the green is your salary, the yellow is the amount you’re spending over your salary, and the red is your Visa statement. Then imagine your spouse runs into the room and shouts, ‘great news honey, our fiscal crisis is over. We just got approved for a new MasterCard!’
Your first call would be to a marriage counselor or a shrink…”
US Deficit in One Picture
Filed under Uncategorized
Turkey – What is Going on?!?
Over the top police violence, or what? Why would this be happening in (supposedly) the model nation for the region?
Brief summary here (English translation from Germany’s Der Spiegel).
Context: Stratfor’s analysis here.
Opinion piece about Erdoğan (the Turkish prime minister) here (from an American journalist living in Istanbul).
Outstanding, deep economic background here (Asia Times). Well worth the time to read.
Excellent continuing series of news dispatches here (London’s Telegraph newspaper).
Filed under Developing Nations, Economy, Europe, Political Risk
The Economist Points Out the Euro Crisis, but Misdiagnoses and Cannot Understand Why
Europe bleeds out
“59.1% of those under 25 are unemployed in Greece, 55.9% in Spain, 38.4% in Italy, 38.3% in Portugal, 26.5% in France—3.6m youths in all…” OK, but because of interest rates?
Why? Progressive, “state-controlled economies really are… crony capitalist systems which pick winners and losers. They maintain the status quo at all costs — and reward those who have captured government over those who innovate.” – Richard Fernandez
From Stratfor- Boston Bombing Suspects: Grassroots Militants from Chechnya
Article here… includes interesting video about the region where the terrorists came from.
One of my cousins (she was running the marathon) had just passed the finish line when the bombs went off.
Filed under Russia, Terrorism, World Religions
Spengler on the Global Failure of Keynesianism and Global Economic Stagnation…
You may not agree with him, but he is always fascinating…
Spengler demolishing Keynesianism…
Spengler holding forth on stagnation…
Margaret Thatcher, RIP
Margaret Thatcher history
Margaret Thatcher quotes (my favorite: “Of course it’s the same old story. Truth usually is the same old story.”)
Young Europeans Turning Their Backs on the European Union
This article accurately reflects what I’ve been hearing from my younger cousins and nieces/nephews in Europe…
“When doing business in China, trust no one.”
Interesting set of links from a law blog about doing business in China… This one reminded me of the best book on the subject, Mr. China…
Filed under China, Developing Nations, Economy, Finance, Political Risk
While I don’t agree with all of this site’s points, it definitely is eye-candy and a handy reference for someone wanting to get up to speed on China. Reuters did an unusually good job with this one…
2013/03/05 · 08:42
professorruml 