360° Coverage : The Keynesians’ New Clothes

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The Keynesians’ New Clothes

Source: The Daily Capitalist, Nov 10 2012, 3:13pm CST

Since early 2010 I have been arguing in my reports against the core neo-Keynesian precepts of the economic and monetary policy mainstream. In general I have not been optimistic that, notwithstanding their abject failure to foresee the global ...

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10

42 minutes ago

The Debt-Growth Controversy

Source: Project Syndicate  |   May 22 2013, 10:07am CDT

The Reinhart/Rogoff paper is just a small part of a voluminous academic literature that shows high debt levels to be economically risky. A more fundamental question is causality: the state of the economy certainly affects the fiscal position, just as t ...

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9

1 hour ago

Lessons Europe Can Learn From Abenomics

Source: Smartmoney.com  |   May 22 2013, 9:18am CDT

Want to see how this story relates to your portfolio? Just add items to create a portfolio now: Prime Minister Shinzo Abe is trying some bold ideas to get Japan growing again. Maybe Europe should listen to him. The difference is th ...

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8

43 years ago


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Source: The Daily Capitalist

 

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7

1 hour ago

Portugal Plunders State Pension Fund?

Source: Pension Pulse  |   May 22 2013, 9:02am CDT

John Geddie of the International Financing Review reports, Portugal plunders pension fund to tackle debt cliff: The Portuguese government plans to tap nearly all of its state-owned pension fund to ease it over the hump of a hefty ...

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2 hours ago

Euro Euphoria to Fizzle on ECB- EU Looks to Buy More Time

Source: DailyFX  |   May 22 2013, 8:40am CDT

The Euro climbed to an overnight high of 1.2954 asEuropean Union Economic and Monetary Affairs Commissioner Olli Rehn pledged to do whatever it takes to combat record-high unemployment, but it seems as though the European Central Bank (ECB) will c ...

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3 hours ago

Avoid These 3 Eurozone ETFs This Summer - ETF News And Commentary

Source: Zacks Investment Research  |   May 22 2013, 7:48am CDT

The Euro zone has seen weak GDP growth for yet another quarter, dropping 0.2% in Q1. Though this marks an improvement from the previous quarter’s decline of -0.6%, it is yet another major blow for the single curren ...

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3 hours ago

Credit rating firms sow doubt on euro zone bond rally

Source: Reuters Mobile  |   May 22 2013, 7:28am CDT

* Ratings agencies warn euro zone ratings still at risk * Favourable market conditions may be temporary-Moody's LONDON, May 22 (Reuters) - Credit rating firms say they could further downgrade the ratings of highly indebted euro zone ...

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3

3 hours ago

A sensible IMF back-down

Source: Money Supply | Financial Times Blogs  |   May 22 2013, 7:13am CDT

Chris Giles has been the economics editor of the Financial Times since 2004. Based in London, he writes about international economic trends and the British economy. Before reporting economics for the Financial Tim ...

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7 hours ago

ECB FOCUS-Target2 charts progress since Draghi's save the euro pledge

Source: Reuters  |   May 22 2013, 3:36am CDT

FRANKFURT May 22 (Reuters) - Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further imp ...

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1

7 hours ago

Today in the press

Source: RTE Interactive  |   May 22 2013, 3:29am CDT

CIE DEFICIT WOULD BE €45m WITHOUT ASSET SALE AND STATE HELP - Coras Iompar Éireann would have incurred a deficit of €45 million last year if it had not received emergency assistance from Government and sold asset ...

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