Dire economic arguments against Britain’s exit from the European Union ignore the reality of society and may stoke precisely what they believe they are seeking to avoid. Liberalism in an age of market fundamentalism The...
In the last week, some additional positive data points on the state of the US economy have emerged. US business spending on non defense capital goods recorded the largest gain since end 2011 and the...
A while ago (in 2011) I had written elsewhere about the record levels of cash that US incorporated multinationals are carrying on their balance sheets. A combination of good global franchises, strong cash flows and...
In 2012, Joseph Stiglitz, the 2001 Nobel Laureate, one of the world’s foremost thinkers in contemporary economics, author of the 2012 best-seller titled “The Price of Inequality” was quoted in the New York Times as...
The annual report of the Reserve Bank of India for financial year 2011-12 was recently published and is available in the public domain for analysis. Central Bank balance sheets have been under enormous scrutiny since...
