Deeper Analysis
A Couple of Falling Stars
February 23, 2010
A column in Tuesday’s Financial Times observes that some forty years in which the United States and Japan have held the top two slots in national GDP rankings will end sometime this year when China overtakes Japan. Although those Asian economies remain far apart on a per capita basis, Japan’s star has indeed fallen many […] More
New Overnight Developments Abroad - Daily Update
Investor Sentiment Hit By IFO Figures and Various Comments
February 23, 2010
Harvard Professor Rogoff, former chief IMF economist, is predicting likely sovereign debt defaults in coming years, plus spending cuts and weak growth in the United States. Testimony by four Bank of England officials, including Governor King, were quite guarded. Additional quantitative easing may be needed. Economist Roger Bootle, a former British Treasury advisor, warned of […] More
