3 Reasons Why the U.S. Will Avoid a Recession Written By: Eben Esterhuizen 2008-04-06 21:45:08 It was refreshing to read Anatole Kaletsky's contrarian piece in Sunday's London Times, and it should be required reading for all investors. "I am probably the only economist left in the world who still believes that a U.S. recession is likely to be avoided," says Kaletsky. Given the massive amount of doom and gloom in the financial press, it's important to try to understand the contrarian argument.
Chaos! Capitalism Collapses! Read All About It! Extra! Extra! Written By: Eben Esterhuizen 2007-11-14 18:29:00
On Friday afternoon, May 17, 2002, a butcher named Edwin Lopez was alone in his downtown Los Angeles butchery. He was about to close shop for the weekend when he accidentally locked himself in a walk in freezer. He spent hours yelling and banging on the door, but to no avail. There was no way to open the freezer from the inside, and he quickly realized that he would freeze to death. He had a clipboard, some paper and a pen, and started writing messages to his loved ones as he surrendered to his fate. His letters ended with a final passage: “I can’t write anymore, my fingers are frozen stiff. Tell my darling wife I love her.”
China and the Olympics Hype Written By: Eben Esterhuizen 2008-07-31 02:49:53 Photo: china_puwa, Creative Commons, Flickr
What will China look like after the Olympics? This seems like a dull question that has been asked a million times by mainstream media. But what if we ask another question, one with a more sinister undertone: Is the Chinese government using the Olympics hype to cover up fundamental problems?
China Exporting Inflation: Political Spin or Economic Reality? Written By: Eben Esterhuizen 2008-02-19 23:29:01
It's probably fair to say that the most important diplomatic relationship in the world is between the U.S. and China. Unfortunately, the relationship is souring and could get much worse. "Alas, the U.S. is mostly to blame for this," said Nicholas Kristof in a New York Times column. "There are plenty of legitimate reasons to be angry with China's leaders, but its trade success and exchange rate policy are not among them. The country that is distorting global capital flows and destabilizing the world economy is not China but the U.S." He adds: "American fiscal recklessness is a genuine international problem, while blaming Chinese for making shoes efficiently amounts to a protectionist assault on the global trade system."
