The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor planned for it to do. According to Robert Mundell, the creator of the Optimum Currency Zone concept, the euro would really do its work when crises hit. Removing Keynesian monetary and fiscal juice to pull a nation out of recession. More about this evil genius on
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Category Archive: 8a.) Economic Theory
The Balance Sheet Recession: UK Q2 Housing Equity Injection Largest Since Q2 2011
The American-Taiwanese economist Richard Koo, is the chief-economist of the Nomura Research Institute. In his theory of the Balance Sheet Recession he distinguishes between the “Yang” phase of the economy and the “Yin” phase (the so-called “balance sheet recession”). In “Yang” times companies want to increase profit and people consume a big part of their pay …
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Don’t Sell Economic Stability to Buy Economic Growth, Warns Tomáš Sedláček
Don’t sell economic stability to buy economic growth,” warned Tomáš Sedláček, chief macroeconomic strategist at CSOB Bank. Sedláček’s unconventional view is that our problem is not lack of growth but too much of it. See more at the
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Is China’s Growth Rate Healthy Now? Golden Rule of Capital
After a slowing in Chinese growth this year, economists recently stated that a hard landing has been avoided and that the economy might have bottomed out. Marc Faber has changed his mind and considers buying Chinese stocks. Also Sprach Analyst provides the following data: Sequential growth rates since Q1 through Q3 were 1.5%, 2.0% and 2.2% respectively, or in annualised annual rate, 6.16%, 8.24%, and 9.09% respectively. Compared that with the...
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