In the absence of that countervailing force, then, if we elect to turn away from the US and ANZUS then what we are most likely going to achieve is to accelerate the rise of a new imperial order.
Read more...Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
Read more...The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.
Read more...Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
Read more...Banks have had it with negative interest rates and are starting to push back.
Read more...The substitution of human labour by artificial intelligence and robots is a keenly debated topic. Some claim that a substantial share of jobs is at risk, while others argue that computers and robots will lead to product innovations and hence to unimaginable new occupations. This column uses a survey of Japanese firms to examine the impact of AI-related technologies on business and employment. Overall, firms expect a positive impact on business but a negative impact on employment. Firms with a highly skilled workforce, however, have a more optimistic view than firms with lower skilled employees.
Read more...Steve Keen’s macroeconomic model allows him to identify zombies-in-the-making. It’s not pretty.
Read more...Our instinct that Obama’s “look forward, not back” approach to his Hiroshima visit would not go over well in Japan is panning out.
Read more...The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...The Fukushima site is still leaking radioactive water and the cleanup and remediation will take decades.
Read more...A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.
Read more...A list of some of the factors driving the recent market upheaval in China. Readers will hopefully add to and refine this compilation.
Read more...An intriguing comparison of how the Internet of Things is being sold in the US and Japan.
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