Bad Credit Loans

Neither increased government spending nor austerity can solve the world economy’s problems on their own. We must give entrepreneurs a reason to rediscover their exuberance It was Joan who set me straight. Joan Robinson. Joan, who, as a young academic in Cambridge, had sat each evening at the feet of John Maynard Keynes upon his return [...]

The IMF is shouting about the need for austerity today, but it was strangely quiet during the build-up of the bubble that got us here Is advice from the IMF better than advice from a drunk in the street? That is the question that people around the world should be asking as the International Monetary Fund [...]

The Toronto summit shows that now the threat of a second Great Depression has passed, it will take another crisis for the G20 to redress global economic imbalances Born out of necessity in the dark days of late 2008, the cracks are beginning to show in the G20. Developed and developing nations were united when confronted [...]

Central American nations have long been trying to hook their economies to the US market, but they can’t compete with China I am writing from the Shanghai Forum, the annual event dubbed as Asia’s version of the World Economic Forum in Davos. A major issue at the forum has been the need to alleviate China’s impending [...]

News that wages are rising in China is greeted with dread by those who share Greenspan’s unwarranted fear of rising inflation Alan Greenspan had a dream, or rather a nightmare. Greenspan seems to have woken up in a cold sweat one morning in fear that the period of “disinflationary pressures” that had kept inflation low since [...]

The financial aftershocks being felt in Greece will show the EU what ‘union’ really means Over a year ago, the world economy suffered a massive economic quake – and certain countries have been experiencing aftershocks ever since. Two such aftershocks have grabbed headlines, one recently in Greece and another last summer in California. A comparison of these [...]

Countries that are in or out of recession, based on the most recent quarterly data Christine Oliver

Hardline conservatives won’t like Obama’s new tax on the banks, but it’s smart policy – and smart politics, too For the last year, Barack Obama has been in the uncomfortable position of having to prop up banks whose executives continued to pay themselves big bonuses after having driven their banks – and the world economy – [...]

• Dominique Strauss-Kahn says it is too early to abandon stimulus measures• IMF managing director softens his opposition to the Tobin tax at the CBI annual conference The head of the International Monetary Fund has warned that the global economy is still in a “highly fragile” state following the financial crisis, and could face further turmoil [...]

Price of gold and key commodities also see record surge driven by economic optimism World stock markets rose strongly again today to record highs for the year, buoyed by rising optimism about the world economy. The price of gold and other key commodities also rose, with the precious metal continuing its recent surge by reaching a [...]