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Monthly Archives: January 2014
Mon Dieu! Meme Francois! – Europe Rediscovers Capitalism
When Francois Hollande won the French election back in May 2012, Paul Krugman mocked the media “hysteria” about the victory of a left-wing politician who promised to revive the French economy by raising taxes even higher on wealthy Frenchmen. I, … Continue reading
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Tagged Euroepean economy, Francois Hollande, French economy, French unemployment, Paul Krugman
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Larry’s “Secular Stagnation” Excuse
Larry Summers disclosed his latest macro insights at an IMF Meeting last November, which he elaborated upon in a Financial Times article: “We may . . . be in a period of ‘secular stagnation’ in which sluggish growth and output, … Continue reading
Emerging Markets for Cowards
In the 1830s British investors spotted an attractive emerging market offering high returns with low risk. The United States was booming, thanks to industrialization in the Northeast, rapid settlement of the Midwest, and expansion of cotton production into new areas … Continue reading