For the United States, it's the end of labor as we once knew it. |
Global trade is an increasingly large component of the world economy -- now accounting for close to 25 percent of global GDP. So when world trade hits the wall, so should the broader measures of global output. |
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets. |
Growth has been chronically weak when compared with any expansion of the past 40 years. |
He's the victim. He was beaten, abandoned, betrayed and his medical needs ignored by David Williams. |
I am feeling better about the prognosis for the world economy for the first time in ages. |
I continue to find Germany, by far Europe's biggest economy and still the third-largest economy in the world, the most interesting story of all. Germany, despite its bad press, is very much on the move. |
I do not think that China is going to run the risk of accelerating its pace of opening up its capital markets because of adverse consequences in the global economy. |
I fully expect that the Chinese officials will address these tension points, but will not waver from their steadfast commitment on a medium- to longer-term basis of an open capital account and currency convertibility, |
I fully expect that the Chinese officials will address these tension points, but will not waver from their steadfast commitment on a medium- to longer-term basis of an open capital account and currency convertibility. |
I honestly believe that if China were to revalue [its currency] upward by 10 percent -- a change I do not expect nor advise -- its exports would suffer minimal loss of market share, |
I honestly believe that if China were to revalue [its currency] upward by 10 percent -- a change I do not expect nor advise -- its exports would suffer minimal loss of market share. |
I think there's every reason to believe that another jobless recovery could be in the offing in the years immediately ahead -- one that would take a comparable toll on consumer demand. |
If that's the economic model, China is in trouble. |
If the Schumer-Graham bill closes down U.S. trade with China through the imposition of steep tariffs, a saving-short U.S. economy will simply have to divert a significant portion of its multilateral trade deficit elsewhere. |