Tags » UK & Europe
On secular stagnation: “I don’t see growth picking up until you either redistribute income downwards — which is politically quite difficult and slow — or developed countries which are credible borrowers engage in massive infrastructure spending — which would be a great idea but politically difficult — so I’m afraid secular stagnation is going to last several more years.” 68 more words
The Yuan is sliding against the Dollar, with USDCNY breaking through resistance at 6.60. Expect further capital flight, both from residents and offshore investors. Borrowers will also seek to repay Dollar-denominated loans and replace them with facilities in the local currency, adding further pressure on the Yuan. 90 more words
By Ankit Panda:
149 more words
Consider Boris Johnson, the man who appears best positioned to emerge as the UK’s next prime minister. In becoming the public face of the Brexit campaign in defiance of fellow Tory Prime Minister David Cameron, Boris seized on the opportunity he saw in the aftermath of the Cameron government’s own politically cynical ploy to hold a non-binding referendum on EU membership….
Barry Ritholz ascribes the BREXIT vote to “culturally constructed ignorance”:
380 more words
….there is a disconcerting trend that has gained strength: agnotology. It’s a term worth knowing, since it is going global.