Category Archives: Global Economy

Global Economy

Banks Will Not Bail Out The Economy

Banks, Global Economy, On the cover
Banks Will Not Bail Out The Economy

These days, we hear a lot that banks were the problem in the 2008 crisis and now they are the part of the solution. 

Banking was not the main problem of the 2008 crisis, but one of the symptoms that indicated a more serious disease, the excess risk taken by public and private economic agents after massive interest rate cuts and direct incentives to take more debt coming from legislation as well as local and supranational regulation. Lehman Brothers was not a cause, it was a consequence of years of legislation and monetary policies that encouraged risk-taking.

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Massive Stimulus May Boost Inflation The Wrong Way: Stagflation

Global Economy, On the cover, Sin categoría
Credit: www.epictop10.com
Credit: www.epictop10.com

All over the world governments and central banks are addressing the pandemic crisis with three main sets of measures:

  • Massive liquidity injections and rate cuts to support markets and credit.
  • Unprecedented fiscal programs aimed at providing loans and grants for the real economy.
  • Large public spending programs, fundamentally in current spending and relief measures.
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The U.S. Labour Market Can Heal Quickly, the European, Less So (Epoch Times)

Global Economy, On the cover

This article was published at The Epoch Times here.

The U.S. Labour Market Can Heal Quickly, the European, Less So (Epoch Times)

The jobless claims figures of the past two weeks have been unprecedented and alarming. However, knowing that the data will continue to be concerning, we need to analyze how quickly the economy can can heal and go back to the previous path of record job creation.

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Destroying the Economy is not a Social Policy

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Destroying the Economy is not a Social Policy

The economy is the heart of the social body. If we shut down the heart of an organism to safeguard the hands and brain, the body dies.

The data on deaths and infected from the Covid-19 coronavirus epidemic is alarming. Let us remember the deceased, the infected and their families, and applaud the response of civil society, businesses, and citizens.

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