Posted in: Geopolitical & Security, Economics
Germany's Choice - Feb 9, 2010 - 8:45:56 AM
After years of profligate spending, Greece is becoming overwhelmed. Barring some sort of large-scale bailout program, a Greek debt default at this point is highly likely.

Posted in: Geopolitical & Security, Stress & Threats, Economics
Trade flows' collapse continues - A Profound Threat to the World Economy - Jul 15, 2009 - 4:30:27 PM
The recent OECD report on trade flows for the G7 nations shows a dramatic collapse in world trade in 2008/2009.  The ramifications of this are profound.

Posted in: Economics, Geopolitical & Security
Systemic Risk Reduction via Failure - Mar 11, 2009 - 12:44:30 AM
Michael S. Rozeff is a retired Professor of Finance living in East Amherst, New York. In this article he writes about the problem of systemic risk in the financial system.  He says that The political system encourages wrong answers and it seeks out and supports those economists who parrot the false theories that justify the biases of the ruling politicians. The political system impedes social learning. That system claims to be saving the economic system, but it is only vastly increasing the systemic risk. 

Posted in: Economics
IMF - World Economic Outlook January 2009 - Jan 29, 2009 - 10:30:00 AM
The IMF report on the World Economy states that the world economy is facing a deep downturn.

Posted in: Economics
OECD Reports that trade flows weaken in third quarter 2008 - Jan 28, 2009 - 12:10:00 PM
The OECD reports that trade flows weakened for the 7 OECD member countries in the third quarter of 2008.