Category: World Economy

Are aliens buying our products?

Economists are constantly urging governments to adopt policies that would reduce global imbalances—which, in crude terms, means that China should slash its current-account surplus and America its deficit. Yet they ignore the biggest imbalance...

Slovenian bank system on brink of collapse

Slovenian bank system on brink of collapse

This is an extract from a letter written by an Slovenian economist to the Mish where is has described the pathetic condition of country’s banking system. Here are the points he made: Slovenian debt...

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