Tag Archives: infrastructure

Real Estate: Not the Big Overinvestment Problem in China

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

Posted in China, macroeconomics | Tagged , , , , , , , | 4 Comments

Savings Rate Disparities

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.
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Posted in Uncategorized | Tagged , , , , , , | 1 Comment

How Can South Asia Overcome its Infrastructure Deficit?

While China roars ahead with modern infrastructure, South Asia countries lag badly. Inter-country cooperation is needed to improve this. Continue reading

Posted in India, International Economic data | Tagged , , , , , , , | 2 Comments

Notice: Use BLS Data at Your Own Peril + Weekly Economic Summary

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

Posted in ECRI WLI, Employment, Weekly Economic Summary | Tagged , , , , , , , | 4 Comments

India – Sterling Demographic Dividend Or Potential Time Bomb?

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

Posted in India | Tagged , , , , | 1 Comment

Great Debate – More Stimulus?

The Great Debate© is presented to expand our understanding of various topics of interest.  In this Great Debate, the topic is whether the government should introduce a second stimulus for employment.  In a NYT Op-ed article, Laura Tyson – a … Continue reading

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