Saturday, March 23, 2019

Tag: OECD

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Mark Blyth: Global Trumpism and The Revolt Against The Creditor Class

Mark Blyth is a Scottish political scientist and a professor of international political economy at Brown University. At an event on November 9 at Brown's Watson Institute for International and Public Affairs, he spoke about "Global Trumpism" -- a worldwide working-class backlash against harmful macroeconomic trends. "What we have everywhere...

The End of the G-20: Has the Group Outlived Its Purpose?

Over Labor Day weekend, the leaders of the G-20 countries gathered in Hangzhou, China, for their annual summit. Their goal this year: save the good name of globalization, which has recently taken a beating. In the wake of Brexit, the U.S. Republican presidential candidacy of Donald Trump, the rise...

The IMF Confronts Its N-Word

The International Monetary Fund admits that it’s time to discard some of the old neoliberal dogmas. The research department of the International Monetary Fund dropped a political bombshell last month. The furor was set off by the publication of an article — “Neoliberalism: Oversold?” — that sparked a near-panic among...
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Alan Greenspan on Brexit, U.S. Economy, and Inflation

Former Federal Reserve Chairman Alan Greenspan discusses fallout the U.K.'s Brexit referendum, U.S. economic growth, wage and economic stagnation, central banks, low productivity, and his call for inflation in the U.S. economy. He speaks with Bloomberg's Michael McKee and Tom Keene on Bloomberg. U.K. policy makers miscalculated and made a...

China Quietly Prepares Golden Alternative to Dollar System

China, as current chair of the G-20 group of nations, called on France to organize a very special conference in Paris. The fact such a conference would even take place in an OECD country is a sign of how weakened the hegemony of the US-dominated Dollar System has become. On...

Another False Oil Price Rally: Crossing A Boundary

The oil price rally that began in mid-February will almost certainly collapse. It is similar to the false March-June 2015 rally. In both cases, prices increased largely because of sentiment. As in the earlier rally, current storage volumes are too large and demand is too weak to sustain higher prices...

The World’s Favorite New Tax Haven Is the United States

Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes. His...

WORSE THAN 2007: Top banker warns of looming wave of worldwide bankruptcies

The world’s financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, according to a leading global banker. William White, chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements, who suggests the stresses in...

Fears grow of repeat of 2008 financial crash as investors run for cover

Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors. Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that...

World faces wave of epic debt defaults, fears central bank veteran

Exclusive: Situation worse than it was in 2007, says chairman of the OECD's review committee. The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007....

Travails of a Bankrupt Hegemon

Slightly more than seven decades ago, when the United Nations was officially founded in San Francisco, there was no question in the world about who was the Great Power, the World Hegemon. Today the situation has radically altered to the severe disadvantage of Washington and her ability to dictate...

EIA: Turkey – International Energy Data and Analysis

Turkey is an increasingly important transit hub for oil and natural gas supplies as they move from Central Asia, Russia, and the Middle East to Europe and other Atlantic markets. Turkey is well placed to serve as a hub for oil and natural gas supply headed to Europe and other...

The Eurasian Union: Undermining Economic Freedom and Prosperity in the South Caucasus

Abstract Russian President Vladimir Putin is seeking economic and political alliances to counterbalance the influence of the U.S., the European Union, China, and transnational Islamism. Putin is determined to strengthen Moscow’s hegemony in the “near abroad”—the post-Soviet space. One of the instruments he has created to achieve that strategic objective...

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