No global recovery until 2018, says Oliver Blanchard at portfolio.hu.:

It’s not yet a lost decade... But it will surely take at least a decade from the beginning of the crisis for the world economy to get back to decent shape.

Well, t [More...]

As Groucho once put it: "I've had a perfectly wonderful evening, but this wasn't it."

Vaclav Klaus is perhaps the only man out there I've seen so far who says the right things. Well, other than myself, that is. Chest thumping? I'm just worried [More...]

After publishing Hungary Throws Out Monsanto AND The IMF 10 days ago, I've been keeping an eye on what goes down along the twin Buda and Pest shores of the Danube river.

That's how I came upon a video from Johnny Miller for PressTV, which is s [More...]

As many of you already know, I have written about economic, financial and industrial/environmental collapse on The Automatic Earth for a few years now. For all human beings who are still fortunate [or unfortunate] enough to exist on this Earth, these [More...]

The plan to "save the euro through unlimited bond-buying" that ECB president Mario Draghi presented last week shows one thing above all, and with blinding clarity to boot - why nobody picks up on it is beyond me: it shows that Draghi is the least [More...]

Our Down Under roving reporter Skip came up with a few interesting questions when watching an interview that Russia Today recently ran with economist Richard Duncan.

Where doth debt take us going forward, and, for that matter, where has it - r [More...]