Salient to Investors: Fareed Zakaria said: History shows that the more countries integrate within the global community, the less incentives they have to be spoilers. Iran and the US share common interests on the threat from ISIS, the stability of Iraq and Afghanistan. The most successful and dominating countries in
READ MORE... →Salient to Investors: Paul Krugman writes: Bill Gross’s fall is a symptom of depression denial syndrome: the refusal to acknowledge that the rules are different in a persistently depressed economy. Since 2008, the US has been stuck in a liquidity trap – a desired saving glut with no place to
READ MORE... →Salient to Investors: Fareed Zakaria said: Islamic terror is not the isolated behavior of a handful of nihilists but a broader culture that has been complicit in it or at least unwilling to combat it. Zawahiri’s effort to recruit Indian Muslims will fail. The Arab world produces fanaticism and jihad
READ MORE... →Salient to Investors: Krugman has been unable to get the Fed to raise its inflation target to 4 percent or persuade Congress to increase spending to stimulate growth Jeffrey Sachs at Columbia University says Krugman shows too little concern for wasteful government spending, an approach which is disastrous both politically
READ MORE... →Salient to Investors: Caroline Baum writes: Paul Krugman at Princeton says Milton Friedman has virtually vanished from the policy discourse and a few decades from now, historians will regard him as little more than an economic footnote. I believe Krugman, not Friedman, will end up as the footnote. Krugman’s claim
READ MORE... →Salient to Investors: George Friedman writes: China has been in an economic crisis for a while, unrecognized outside China and particularly in the US. Paul Krugman last week wrote in The New York Times that the signs that China is in big trouble are unmistakable, its economic system has reached
READ MORE... →Fareed Zakaria said: The great American housing market is back as the Case-Shiller housing index showed its largest annual increase in prices in seven years, showing its core character: flexibility and resilience. The US is the only rich country whose population is growing, increasing by 3 million people every year,
READ MORE... →Salient to Investors: Carmen Reinhart and Kenneth Rogoff at Harvard acknowledged on April 17 that they had inadvertently left some data out of their calculations in “Growth in a Time of Debt”, but the error did not change their basic findings that countries with public debt in excess of 90 percent of GDP suffered measurably
READ MORE... →Salient to Investors: Paul Krugman writes: Keynesian economics is close to a TKO over austerian economics, whose predictions about the real world failed completely and supporting academic research has turned out to be riddled with flaws. The two main studies supporting austerity – Alesina/Ardagna and Reinhart/Rogoff – were criticised almost as
READ MORE... →Salient to Investors: William D. Cohan writes: Paul Krugman is wrong in denigrating David Stockman’s cogent argument that the Fed is fomenting economic trouble. David Stockman is exactly right when he says the Fed has basically become a bubble machine, and almost all of the new money created, $1.7 trillion,
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