Icelanders borrowed over 200% of their income, and in foreign currencies. Many countries in Eastern Europe have the similar problem.
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Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
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2008
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December
(72)
- my first post directly from iPhone
- An imaginary retrospective of 2009
- 12 Lessons for Investors From a Terrible 2008
- The China Growth Fantasy
- Use exchange rate to get out of deflation?
- Economics of Used Books
- Japan: TWO lost decades
- Wall Street Job Outlook in 2009
- Minsky Moment in a nutshell
- China: Reverse Brain Drain
- How Iceland Collapsed
- Commodities outlook
- Get ready: for a lost decade
- China's data massage in 2009?
- Jim Rogers
- Euro's dilemma
- All Keynsian Now???
- shoplifting of Japanese elders
- Chicago School of Economics in battle
- Lucas: Bernanke is the best stimulus
- Quantitative Easing: A Primer
- Why gold isn't falling in deflationary environment?
- Yes, economists still can't predict crises
- Great Inflation and its Aftermath
- The economics of college enrollment
- Meyer predicts modest recovery by mid 2009
- Dr. Doom's 2009 Outlook
- Less Mobile America
- China 30-year reform series, Part 2
- Quantitative easing: Lessons from Japan
- Bill Miller: victim of value trap
- Taylor on the best stimulus to the economy
- China 30-year reform series, Part 1
- Country diversification
- Roach: US and Japan, not much difference
- Porter: America needs to focus on long-term compet...
- Marvin Goodfriend interview on the Fed's actions
- David Rosenberg interview
- 2x (3x) ETFs and Last-hour Voloatility
- Fed's balance sheet management
- Mankiw: time to abandon 'price stability'
- U.S. and China: two countries, one system.
- Fed cut rates to almost ZERO
- The cause of rising income inequality
- Where is Madoff’s $50bn loss?
- Citadel under siege: is it over?
- China: Steep fall of steel output
- Rogoff on the economy
- Powerful mean reversion
- Bank leverage ratio by country
- Treasuries Bubble
- deflation worries China
- Paulson D, Bernanke B+
- China export hard hit
- Marty Feldstein on the economy
- Commercialization of Microfinance
- Unemployment: 2008 vs. 1981
- Gaming 'Hot Money'
- Decipher China's Unemployment Rate
- Becker: Economists are unprepared
- Zandi on jobs number and economy
- China lures back wall street talent
- Greg put a math equation in front of President
- BOE cut rate to historical lows
- University endowments hard hit by market turmoil
- Hart: Economists Have Abandoned Principle
- How about a payroll tax cut?
- Krugman on government spending in crisis
- Meredith Whitney on restoring consumer liquidity
- China reverses currency appreciation
- Higher education as global commodity: the other wa...
- NBER makes it official: recession started December...
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December
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