Sublime

The global crisis is a financial crisis driven primarily by global trade and capital imbalances, and it has unfolded in almost a textbook fashion.

More emerging-market debt was issued in January 2004 than in any month since just before the devaluation of the Thai baht.

Leur livre, Globalisation : le pire est à venir, a été écrit avant la grande crise de septembre 2008. La page de présentation de l’ouvrage prophétise : « Le pire est à venir de la conjonction de cinq caractéristiques majeures de la globalisation : une machine inégalitaire qui mine les tissus sociaux et attise les tensions protectrices ; un chaudron

Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations

Now, there are bullish voices telling us that things are headed back to normal. Mainstream forecasts for GDP growth this year (2010) are quite robust, north of 4 percent for the year, based on evidence from past recoveries. However, the underlying fundamentals of a banking crisis are far different from those of a typical business-cycle recession, a

Government‐issued unsound money, however, can stall this process, keeping unproductive firms undead but not truly alive, the economic equivalent of zombies or vampires drawing on the resources of the alive and productive firms to produce things of less value than the resources needed to make them. It creates a new societal caste that exists accordi