Emerging out of the Covid-19 pandemic, global economic recovery is proving to be a tricky business, requiring a delicate balancing act by governments and central banks. This is because most of the world has racked up huge amounts of debt, while trying to stimulate their economies, in addition to the debt they already had. Western… Continue reading World Caught Between Soaring Inflation and Debt
Big government is what The Economist told us to expect at the start of the Covid-19 pandemic in 2020. It anticipated greater government intervention, of course, as there should be in the case of a health emergency that Covid-19 has turned out to be. But it also anticipated government mandates, use of contact-tracing as a… Continue reading State vs the Market in a Pandemic Economy
The last thing the world needs, as it struggles to control the pandemic and revive economies, is another war or attack on another country’s sovereignty. Yet, for the past couple of months all one has been reading and hearing in the media – particularly international media – is about geopolitical tensions coming to a boil.… Continue reading Geopolitical Tensions, a Red Herring
In this month’s Owleye column, only the second since I began writing it last month, I would like to focus on China and its huge debt crisis, which leads to several other problems within its economy. While the debt crisis in China isn’t new (the earliest news reports of its looming debt problem surfaced in… Continue reading China’s Debt Crisis Reflects Deep Problems Within
Hello readers. Welcome to the first of my Owleye blog posts - a monthly column of commentary on the most important issue facing the world - in place of my Writings on The Wall blog posts, that now says goodbye. This one is on Afghanistan's economic troubles and its future. After the longest war that… Continue reading Afghanistan Impoverished by More Than War
Peripatetic Perch 