Recent Posts

‘Leave EU’ would boost UK bonds, says JPMorgan asset management

London / Bloomberg Holders of the U.K.’s government bonds need not fear the prospect of Britain voting to leave the European Union as they stand to benefit from any economic woes that follow the vote, according to one of the world’s largest money managers. “If a ‘Brexit’ happened it would be very likely the Bank of England would ease policy ...

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For Finnish workers, € means longer hours & lower pay

Bloomberg Few Finns probably thought that adopting the euro would mean more work for less pay. Yet trade unions are now getting ready to sign off on a deal that will cut workers’ income and raise working hours. Unveiled last week, it’s designed to boost competitiveness as the Nordic nation struggles within the constraints of the euro zone. The board ...

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Can ‘new’ Keynesianism save the Chinese economy?

Clearly, the Chinese economy has problems, and now appears to be tumbling rather rapidly down along its so-called soft-landing path. Overcapacity began to emerge from around 2013 in the infrastructure sector as well as in numerous manufacturing industries such as shipbuilding, solar cells and wind turbines. The ability of both the public and private sectors to pay back their debt ...

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