DESPITE measures by the governments, unemployment in OECD countries is still two million higher than in 2011. Policymakers need to think out of the box as both monetary and fiscal policies have failed to dent the lengthy queues of people … Read the rest
Beware of January predictions
HISTORY has shown time and time again that it is dangerous to take January predictions seriously. With few exceptions, moves in January are followed by a turnaround in February and March, according to experienced traders. They warn that in thin, … Read the rest
Costs of Iraq, Afghan campaigns still piling up
THE vast majority of economists ignore the consequences of the Iraq and Afghanistan campaigns. Human and financial costs of the conflicts continue to grow even though the US and UK have been withdrawing, and are leaving the countries in … Read the rest
European debt still weighing down growth
EUROPE’S massive debt burden continues to depress the region’s growth and explains why central banks intend keeping interest rates down for as long as possible.
If short-, medium- or long- term mortgage and other rates were to rise, many households … Read the rest