The Chief Economist of the World Bank speaks to TGD about his latest book “Demystifying the Chinese Economy”. He explains the dynamics behind the phenomenal growth of the last 30 years and some of the unique challenges that China faced during the transitional reform period.
In 2009, the Fed dished out $7.7 trillion in no-strings-attached, super-low interest loans to Wall Street’s biggest players. With no one bothering to inform the electorate about it until now. And since they were super-low interest loans – banks made enormous profits off of them.
Andrew G Haldane and Vasileios Madouros from the Bank of England examine whether or not the financial sector genuinely offers a positive contribution to the economy.
Bond markets look set to oust the Italian PM, a feat that has defied a paralysed political process in Italy. Berlusconi is now a danger not only to Italy but to the Eurozone and the global economy. He has no intention of going quietly but bond yields may have the final say.
Political Tours
