Econintersect Analysis Blog
Tag Archives: infrastructure
by Michael Pettis Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment … Continue reading
If high-consumers (low savers) become as virtuous as low-consumers (high savers), that just means that global demand will decline, and with it, global unemployment will rise. In that case global savings won’t go up. They will go down, since rising unemployment causes income to decline faster than consumption.
While China roars ahead with modern infrastructure, South Asia countries lag badly. Inter-country cooperation is needed to improve this. Continue reading
The markets wait for the unpredictable BLS to publish its data. Their methodology produces a lot of monthly volatility. Their adjustment factors create too many jobs. The August 2010 BLS jobs report did not disappoint this opinion. Continue reading
Demographics favor rapid growth in India as more than half of the population is under age 25. However, managing sufficient growth to develop this demographic dividend without employment shortfalls that might possibly lead to social unrest could be a challenge. Continue reading