global finance, global economy, world economic crisis

Really Bad Ideas, Part 5: The Fed Should Have – And Defend – An Inflation Target

October 16th, 2017

Central banks in general and the Fed in particular are struggling to understand a world in which they’ve thrown everything they have at the economy without generating “beneficial” inflation. Their confusion can be traced back to some profoundly false assumptions. Here’s a good overview of the current debate: Fed ‘should defend’ inflation target or risk […]

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Hunger in Africa, Land of Plenty

October 15th, 2017

SYDNEY and KUALA LUMPUR, Oct 14 (IPS) – Globally, 108 million people faced food crises in 2016, compared to about 80 million in 2015 – an increase of 35%, according to the 2017 Global Report on Food Crises. Another 123 million people were ‘stressed’, contributing to around 230 million such food insecure people in 2016, of whom 72% were in Africa.

Read the full story, “Hunger in Africa, Land of Plenty”, on

How to Change the Future of Migration

October 15th, 2017

ROME, Oct 14 (IPS) – The world is on the move. More people have been forced to flee their homes than at any time since the Second World War due to increased conflict and political instability, hunger, poverty, and an increase in extreme weather events linked to climate change.

Read the full story, “How to Change the Future of Migration”, on

Can A Company Be Great And A Great Short?

October 12th, 2017

One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend to throw even the prettiest babies out with the bathwater. Here, for instance, is what happened to Cisco Systems, the dominant maker of networking gear (the devices that run the […]

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The Real Peak Complacency

October 10th, 2017

Stocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year. That’s okay. Price corrections (with their attendant volatility spikes) are normal and natural ways for markets to teach overconfident investors a little humility. […]

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Searching for a Doctor at 3,000 Metres High

October 8th, 2017

PORCÓN, Peru, Oct 06 (IPS) – Good healthcare can be hard to get – particularly when one lives on top of a mountain. The road to Porcón in the Cajamarca region of Peru, therefore, is as breathtaking as it is sobering. With every step further into its isolated natural beauty, a group of volunteers sent to deliver healthcare essentials are reminded how long the trek would be in an emergency.

Read the full story, “Searching for a Doctor at 3,000 Metres High”, on

Rationality Versus The Market

October 6th, 2017

The late stages of financial bubbles are always tough for rational analysts. Focused as they are on the numbers, such analysts are relatively immune to the emotion that drives the action at market extremes, so they find themselves making predictions that turn out to be “wrong” for months and sometimes years. Then the cycle turns […]

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Thunder Down Under: Some Australian Junior Gold Miners Take Off

October 3rd, 2017

Gold mining stocks have been treading water for what seems like forever. But in a remote part of Australia, a potentially big find by a tiny exploration company is generating some welcome excitement. The story in a nutshell: Back in the 1990s, Newmont Mining geologist Quinton Hennigh came up with a novel theory about the […]

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The Tuxá Indigenous Paradise, Submerged under Water

October 1st, 2017

RODELAS, Brazil, Sep 30 (IPS) – The Tuxá indigenous people had lived for centuries in the north of the Brazilian state of Bahia, on the banks of the São Francisco River. But in 1988 their territory was flooded by the Itaparica hydropower plant, and since then they have become landless. Their roots are now buried under the waters of the reservoir.

Read the full story, “The Tuxá Indigenous Paradise, Submerged under Water”, on

Indigenous Land Conflicts Finally Garner Attention

September 24th, 2017

BUENOS AIRES, Sep 22 (IPS) – The territorial claims of hundreds of indigenous communities, which extend throughout most of Argentina’s vast geography, burst onto the public agenda of a country built by and for descendants of European colonisers and immigrants, accustomed to looking at native people as outsiders.

Read the full story, “Indigenous Land Conflicts Finally Garner Attention”, on

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