An empire in decline
The fading economic power of the US and its implications for the global economy.
Blog
The rise of China
China’s rapid economic development and impact on the global economy.
The long business cycle and what it means for the current economic downturn
The functioning of the long business cycle and how recessions are inherent to capitalism.
Getting paid to borrow: The phenomenon of negative-yielding debt
$15 Trillion worth of negative-yielding debt and the completely different financial system.