Crisis on the island

Crisis on the island

Written by: in: Politics

The financial collapse of 2008 forced Icelanders to reach for total revaluation of methods according to which the country has been run. The most revolutionary changes are of constitutional kind; they are to introduce new constitutional model. Where the road taken by Iceland will lead it? The very word “crisis” became meaningful in 2008 as […]

Chimerism – symbiosis between Chinese and American economy

Chimerism – symbiosis between Chinese and American economy

Written by: in: Economy

Too much risk tolerated by the authorities, mistakes in the financial policy of the Federal Reserve and the politization of the real estate market have become easier by the policy of China, which invests current account surplus mainly, though not exclusively, in the bonds of the US government. While foreign countries notice a chance of […]

The global financial crisis – III: What remedy?

The global financial crisis – III: What remedy?

Written by: in: Economy

The dog’s breakfast of an Obama stimulus package will cause another Great Inflation to follow the Big Recession, says Deepak Lal There seems to be no end to the US financial crisis. Its deflationary effects are now spreading to the global real economy. With the new US administration’s ratcheting up the invective on Chinese currency […]

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