In a recent interview, Senator Bernie Sanders told an unspeakable truth that no mainstream politician has dared touch: the fallacy of economic growth at all costs. The 2016 presidential candidate said: Unchecked growth – especially when 99 percent of all new income goes to the ...read more
This is getting quite boring, repeating over and over and over again that austerity measures are hurting rather than helping countries mired in recession. Q2 GDP growth figures came in for the UK economy at a shocking -0.7 per cent, far worse than predicted (the general consensus ...read more
Investors counting on China to repeat its huge 2008-09 stimulus to backstop global economic growth are failing to recognize Beijing's limited scope to deliver another major spending surge. The 4 trillion yuan ($628 billion) stimulus package launched to counter the post-Lehman ...read more
US economic growth slowed to an annualised pace of 2.2% in the first quarter of the year, from 3% in the final three months of last year. The figure was below economists' estimates of 2.5% and is equivalent to quarter-on-quarter growth of 0.5%. The US Commerce Department said ...read more
Bob Cesca asks for a reality check: When has deficit reduction ever stimulated economic growth during a difficult recovery, and especially considering the disturbing economic indicators we're experiencing today (sluggish GDP, high unemployment, housing crisis, etc)? Never. ...read more
