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OK, here’s Ireland’s sectoral balances.Last week we looked at the claim that MMT has ignored current account imbalances among EMU members.
I am in Brazil this week, and met today with people from the Brazilian Sugarcane Industry Association (UNICA).
In the old Soviet Union, Pravda, the official news agency, set the standard for “truth” in reporting.
I was on RT’s Capital Account on Monday afternoon, talking about the euro crisis yet again. The video is below but I have a few comments before you watch it.
The euro-area crisis has exposed a number of deep structural flaws of monetary union.
Editor’s Note: The following is the text of recent remarks on the European sovereign debt crisis made by legendary investor George Soros at the Festival of Economics in Trento, Italy.
The euro area urgently needs growth perspectives. While the OECD and other international organizations advocate a green growth strategy, at the moment the euro area contributes mostly to the greening by shrinking its economy.
Last month, I called attention to an article in Caixin magazine about the implosion in Beijing of something called a “credit guarantee company,” and examined the potential risks such entities pose to China’s financial stability.
Ever since the data made it obvious — at least to us — that Housing was topping out in 2006, we have watched with various degrees of bemusement the annual ritual that is the erroneous housing bottom call.
My paper “Instability in Financial Markets: Sources and Remedies” for the INET conference “Paradigm Lost: Rethinking Economics and Politics“, to be held in Berlin on April 12-14, is now available via the INET website.