Crashed: How a Decade of Financial Crises Changed the World
Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and…
global imbalances
NAFTA and Labour Rights
I recently spoke at the Standing Committee on International Trade on their study “Priorities of Canadian Stakeholders having an interest in Bilateral and Trilateral trade in North America, between Canada,…
Just How Stupid is Niall Ferguson? Very Stupid.
“But the real point of me isn’t that I’m good looking. It’s that I’m clever. I’ve got a brain! I would rather be called a highly intelligent historian than a…
Unequal = Indebted
The IMF find that rising inequality is a key driving force behind balance of payments problems and domestic instability in developed countries. “what unites the experiences of the main deficit…
Souvenirs de Cannes
I was in Cannes last week with CLC President Ken Georgetti for the G20 Labour Summit. (I know, tough job.) This event was arranged by the International Trade Union Confederation…
Roubini on the Instability of Inequality
Business-school professor and economist Nouriel Roubini earned his nickname Dr. Doom by repeatedly predicting the chain of events that would cause the global economic house of cards to fall down.…
The Fundamentals Are Pretty Shaky
Thanks to Arthur Donner’s Economic Comment for bringing this to my attention. The official line we hear everyday is that the Canadian fundamentals are great, while other countries are in…
Global Imbalances
The IMF World Economic Outlook notes that the desired process of rebalancing global demand from countries with large trade deficits (notably the US) to countries with large trade surpluses (notably…