Tags » Financial Crisis

Imran Khan sworn in as Pakistan prime minister

Imran Khan has vowed to hold “corrupt” politicians to account. EPA photo

Former cricketer Imran Khan has been sworn-in as the new prime minister of Pakistan, more than two decades after he entered politics. 386 more words

18 Aug 2018 (AFR) - Markets in 2018 have been a horror story, with no end in sight

(18 August 2018, AFR, p29, by Patrick Commins)

‘It’s like the set-up for a horror movie : “Something is stalking the global financial markets, picking off trades one by one, leaving a trail of losses in its wake.” Turkey is the latest victim. 193 more words

1.Market Observations

Turkey Tantrum Contagion Not Automatic, Rather Policy Dependent

Many have been talking about possible international contagion of the financial crisis in Turkey, and Peter Coy touched on the key issues in yesterday’s Bloomberg piece… 641 more words

Monetary Policy

Socialism and the Federal Reserve - Greater prosperity?

Historical Examples of Socialism

  • Most politicians don’t seem to understand that the Plymouth Colony experiment in America was actually a failure.
  • Influx of migrants from South America and Central America to the United States is the result of bad government economic policies (e.g., Venezuela’s socialistic policies).
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The FBI has warned banks about impending ATM chaos

The FBI has warned banks about impending ATM chaos. In a leaked, private memo sent last Friday, the FBI said that it “has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation.'” 44 more words

15 Aug 2018 (AFR) - Downward spiral: Turkey's toxic situation has markets spooked

(15 August 2018, The Age, Business, p35, by Ambrose Evans-Pritchard)

‘The famous Dornbusch’s Law of financial crises is that they take longer to hit than you think, but then unfold much faster than you ever thought possible. 65 more words

1.Market Observations

Do Voters Reward Pro-Market Politicians?

A few days ago, I shared some academic research investigating whether economic crises lead to more liberalization (Naomi Klein’s hypothesis) or more statism (Robert Higgs’ hypothesis). 625 more words