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Das Capital: Up to 80 per cent of shale reserves are uneconomic at prices below $80 a barrel
Das Capital: Few of the problems that led to the great recession of 2008 have been resolved
In 2013, an asset management consultancy identified alien invasion as a risk for the global economy, albeit an unlikely one. A reader wryly observed that this would be an excuse for markets to rally further, as businesses could look forward to the prospect of demand from new, non-human customers. Since 2009, financial markets have largely ignored risk, constructing a favourable narrative around events and rallying on any information.
Das Capital: Donors are free to channel funds to their chosen causes, some noble, some hubristic and some just plain odd
Das Capital: While well below potential, the growth rate is above that of most developed countries
Das Capital: Many of America’s economic competitors find it difficult to embrace change
America risks financial retaliation. Other countries may launch their own QE