The world is reeling from one crisis to the next, most of which are not resolving themselves. It is no wonder that there is inflation. But none of these can be rectified with interest rate increases.
Economics
Michael Pettis – How Does Excessive Debt Hurt an Economy?
How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
Geopolitics
The Cradle: Haifa mayor warns city ‘at standstill’ due to heavy Hezbollah attacks
Israelis fled from the Haifa district in droves after rockets from Lebanon caused heavy damage and injuries in several settlements in the Krayot area Read HERE
Economics
Bill Mitchell – US and UK fiscal stimulus supporting growth while the delays in the Eurozone lead to a double-dip recession
Fiscal support should always err on the side of ‘too much for too long’ rather than ‘too little for not long enough’. Read here
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