Category: economy
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At first it was denials, then admittance – the excuses…. Is the Tony Blair foundation above criticism
The Neenah Cherry song 7 seconds, is about starvation, war, pestilence and disease. Bob Geldoff got onto the phone to his mates and pushed to save the millions dying in Ethiopia, but the originator of the war in the Middle East – Tony Blair took advice and argued that $9,000 would cut the population of…
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Ninety days before Trump returns with economics 101
Once the stock exchanges around the world crashed last week, the US Treasury secretary argued that most of the investors in the exchange whose pensions were on the line were down only 40 percent, but the majority of those with pensions on the line were hammered by US bonds failure to sell. It was argued…
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Russia moving into a critical period economically
There is a concern that Trump will step in just when Russia runs out of steam. What does this mean, Russian interest rates are at an eye watering twenty one percent, the Rouble has lost value against the US dollar and the Chinese Yuan. There is an expectation that the rouble has further to fall,…
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The Japanifacation of China, or not
There is an argument that China’s economy is entering a difficult phase dependent on growth. The worries concern prime industries but especially the property market and high end manufacturing, but the arguments in the FT and elsewhere is that China is entering a bubble where stocks, property and currency are overvalued, which doesn’t quite tally…
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The basket case and the anarcho-economist
It’s strange that politicians are there to tell you how brilliant they are during the boom years, but have excuses for all the other years that economies have struggled. But the boom years themselves are manufactured by those same politicians when they get into power. Millei of Argentina, has to a degree come to the conclusion…
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Is Lebanon close to having an economy again?
Lebanon is in a mess, but is it close to getting out of this mess? Lebanon’s economy decelerated by 37 percent between 2018 and 2021, real gross domestic production (GDP) has fallen by 2.6 percent in 2022. But the most pressing question for the Lebanese is whether the economy is starting to build an element…
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Part two Egypt’s political conversation
Egypt is opening the door to the political possibility of an open discussion about where the country goes next. The opposition parties who have members in jail are negotiating with the Egyptian government of Abdel Fatah el-Sissi, and among their demands is the release of dissenters. So Egypt’s political opposition are preparing for a national…
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