What ails the world economy? Please take a look at the Economist’s debt clock to understand what’s the problem. The world governments’ debt is $ 40 trillion and, as the clock ticks away before your eyes, is increasing rapidly. Read more

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The United States is under fire for its central bank’s decision to print 600 billion dollars and release it into the world economy. I think what is remarkable is how everyone seems to be doing the same thing. And the slightly scary consequences of such an action. Read more

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Angela Merkel, chancellor of Germany, has called on the other G-20 countries to support a financial transaction tax to be imposed. This, she says, will help bring stability to the world’s financial volatility. Read more

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I am one who believes that we are entering the last few chapters of the present Greek economic drama. But the larger issue of the eurozone’s prospects, forget about Greece’s, is another thing altogether. That could take several years to sort out. Read more

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