It’s like a dam broke. And now higher interest rates and mortgage rates for much longer, with lower asset prices, as the Everything Bubble gets repriced. This Inflation Will Be Tough to Get under Control — Wolf Street
Economic History
Even in Japan, Inflation Begins to Rage after 23 Years of True Price Stability — Wolf Street
Bank of Japan lets yen go to heck, trade deficit blows out, costs surge for manufacturers, prices surge for consumers. Even in Japan, Inflation Begins to Rage after 23 Years of True Price Stability — Wolf Street
‘Economic forecasting was devised to make astrology seem respectable.’ A rejoinder (sort of) to Stewartb
Image: New York Review 1982 From Alasdair Galloway: Stewart’s acute perception is well used on his recent “Is Scotland’s economic fate already sealed for the next 50 years?”. https://talkingupscotlandtwo.com/2022/08/31/is-scotlands-economic-fate-already-sealed-for-the-next-50-years/ I agree completely with all the points that he makes there…. Read More ›
September 1992 — Paris Diaries of the 1990s
Note from DAH: The following is a diary entry that somebody wrote in September 1992 about the ascension of the European Union and Black Wednesday. I have discussed about the topic before in an Economic History Case Studies post about… Read More ›
How NFT Blue Chips Plan To Take On Disney — The expert blog 9247
In an earnings call last week Thursday, CEO Yves Guillemot said that the possibility of embracing blockchain as a revolutionary technology is, now more than ever, on the cards. Guillemot, who views the move as an attractive long-term investment prospect,… Read More ›
US inflation surprise: in July consumer price growth slows (+ 8.5%), a sigh of relief for the FED. Markets celebrate — Breaking Latest News
In July, US consumer prices rose by‘8,5% compared to a year ago, a slowing pace compared to the previous month (+ 9.1%) mainly due to the drop in gasoline prices. While on a monthly basis, prices remained unchanged as energy… Read More ›
Why raising interest rates to reduce inflation may work out very badly — Our Finite World
Are we headed for very high energy prices? Or, are we headed for a financial system that starts falling apart? The whole economic system may change remarkably. For example, what many people thought was money, or a promised pension plan,… Read More ›
Economics of War: Pain for Europe Now, Later for Russia — Chapelboro.com
Written by THE ASSOCIATED PRESS Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural… Read More ›
Economic History Case Studies: Asian Tigers (Pt. III of III)
Taiwan, formerly known as “Formosa,” has historically been an island contested by various colonial powers vying for control of neighboring Mainland China. Its geographical location also made it ideal for facilitating trade between China, Korea and Japan, which was exactly… Read More ›
Notes on “Developmentalist States”
While searching for a number of nations that historically adopted Developmentalism, I came up with a small list of them, the vast majority of which were situated outside the Western world. From what I could gather, the ones with the… Read More ›
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