What happens if US interest rates continue to rise?
Since October 2010 the interest rates on long term US treasury bills have risen by a full percentage point to around 3.3 percent. While these rates are low by historical standards, what will happen to...
View ArticleA perfect example of macroeconomics for managers
Those of you who have taken my Managerial Economics class know that a key learning goal is to break down apparently complex knock-on effects in the national and world economy into understandable parts....
View ArticleThe end of cheap money?
Last week the European Central Bank (ECB) became the first major Western central bank to tighten monetary policy since the onset of the global economic crisis. Is the era of cheap financial...
View ArticleThe Hawks dig their Claws in.
Underlying the recent rollercoaster in the world’s commodity markets is the reality that, while emerging markets have reached “escape velocity” from the previous global economic downturn, North America...
View ArticleTwo more mantras now in trouble
Major economic crises don’t just claim the reputations of the odd banker, finance minister, or two. Part of the ensuing blame game also discredits certain widely held mantras that guide policymaking....
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