Das Capital: Reforms that reduce the power and control of the Communist Party are likely to meet opposition
Das Capital: The ECB’s latest actions point to its failure to restore growth or raise inflation
Das Capital: Country's ability to reform is overstated by Westerners
Das Capital: We’ve had the biggest stimulus the world has ever seen. We still haven’t solved the problem of weak demand
Das Capital: The Greeks gave up their trump card even before the negotiations commenced
As desperation increases, more extreme policy measures can also be expected
Das Capital: Chinese households may increase already high savings rates, slowing growth
The Greek Referendum was always going to be a Rorschach inkblot test, with everybody projecting their own perceptions onto the result.
Das Capital: A Grexit without contagion? It's like Dr Strangelove's belief in survivable nuclear war
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: The strategy relies on the wealth effect which central bankers hope will lead to higher consumption