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This will come as an awful shock to most outside observers, who have been led to believe China’s vast imports of key raw materials such as copper and iron ore have been used for economic development. It has been, for example, importing 2/3rds of … “Titled ‘Here today and gone tomorrow – a simple guide to China’s world of trade finance’, it is probably the single most important paper it will publish all year – please click here to download a free copy. “The bottom line – China’s vast … — Mon, 29 Sep 2014 22:41:38 -0700


Financial Markets and the Economy. Anyone can make … Stimulus measures by the US government and particularly the Federal SReserve can’t lead to an economic recovery when they all go to the wealthy. Posted on September 30, 2014 by …

Geography of Capitalism

Reviewing a range of debates and theories across the contemporary social sciences – varieties of capitalism, financialization, global production networks – this book aims to show how the insights of economic geography can be usefully … — Tue, 30 Sep 2014 00:00:13 -0700

Hong Kong

Hong Kong, Asia’s top financial centre was paralysed after what appears to be the most violent political protests since the 1997 handover exploded. The third largest financial centre in the world as of 2014, behind only to New York and London … — Sun, 28 Sep 2014 23:30:22 -0700

Putin’s friend

In late March, the United States had made Bank Rossiya a primary target of sanctions, effectively ostracizing it from the global financial system. Now the Kremlin … Even as President Obama argues that the measures aimed at Mr. Putin’s inner circle are pinching Russia’s economy and squeezing the tycoons who dominate it, many of them have mocked the sanctions as a mere nuisance, the economic equivalent of a shaving cut, while the Kremlin has moved rapidly to insulate them. — Sun, 28 Sep 2014 23:29:35 -0700


… transparent CDS exchanges that Congress mandated. As shown below, Wall Street has manipulated virtually every other market as well – both in the financial sector and the real economy – and broken virtually every law on the books. … Global investigations into banks’ attempts to manipulate the benchmarks for profit have led to fines and settlements for lenders including RBS, Barclays Plc, UBS AG and Rabobank Groep. RBS was among six companies fined a record 1.7 billion … — Sun, 28 Sep 2014 22:30:51 -0700


The global financial crisis that swept the world after 2007 should have been the final nail in the coffin for the neo-liberal model, for hadn’t the unregulated market nearly sent the global economy into an irreversible tailspin? And yet, globally …


Banking & Finance Sign Up for free Newsletter. Debt mountain to crush major economies in ‘Minsky moment’ warns Saxo Bank. Posted on 28 September 2014 with no comments from readers. The world’s three economic superpowers are heading for a major collapse in asset values because their economic models favor consumption instead of productivity, warns Steen Jakobsen, a chief economist at Danish investment bank Saxo Bank. ‘We’re still not wise enough to realize that our …

Global Crisis?

The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World. — Fri, 26 Sep 2014 18:00:59 -0700

12 Families who dominate the world

Mike Norman Economics. An MMT site bringing you dogma-free economics without the pleadings of self interest … Share to TwitterShare to FacebookShare to Pinterest. Labels: global economy, global finance, inequality, ownership, power … — Fri, 26 Sep 2014 18:31:00 -0700