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Economics

Pakistan’s water shortage is a myth

7 June 2018

Daanish Mustafa, Thursday June 7th, 2018 The country’s water scarcity is socially constructed, and large farmers engaged in agricultural exports are the culprits and the beneficiaries of it. I recently came across some real news about Pakistan which merits sharing, and commenting. According to a [read more]

The Breaking Storm – the real threats to the Global Economy

31 May 2018

Note: This piece is a high level comment on current threats to the global economy, there is more detail in other posts on this Site There are two long-term problems that will increasingly drive events; one is the loss of German control of the European Union/EuroZone, and the second is the impending [read more]

Business models and dollar funding of global banks

26 March 2018

Notes on BIS Working Paper No 708, March 2018 Iñaki Aldasoro, Torsten Ehlers and Egemen Eren Abstract from BIS: Since the eurozone crisis, there has been a stark divergence between European banks and Japanese banks in their dollar uses and sources. We show that these shifts have implications for [read more]

China falls out of love with nuclear

26 March 2018

Slowing demand for electricity and competition from renewables have halted new reactor approvals, writes Feng Hao As countries around the world abandoned nuclear power, China had bucked the trend, embracing nuclear power as a reliable and cheap energy source that would help reduce air pollution [read more]

The GDP of Bridges to Nowhere

26 March 2018

MICHAEL PETTIS In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its [read more]

The Problems of Excess Chinese Debt

13 December 2017

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things [read more]

A Turning Point? The Failure of the German Coalition Talks

20 November 2017

While the international, that is the English-language, media, pursues its obsessive interest in President Trump, and the British press focuses on the minutiae of the Brexit negotiations, an event which occurred in Berlin this weekend is arguably the most important foreign news development in the [read more]
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© Andrew Palmer