Wednesday, 13 June 2012

Wednesday 13th June

Hey, Europe, Here's The Right Way To Bail Out Banks...
Business Insider {}

Myth of Perpetual Growth is killing America
Yes, everything you know about economics is wrong. Dead wrong. Everything. The conclusions of economists are based on a fiction that distorts everything else. As a result economics is as real as one of the summer blockbusters like “Battleship,” “The Avenger” or “Prometheus.”

Market Watch {}

The Germans Have Learned Nothing from History
This Time, Europe Really Is on the Brink

The European Union was created to avoid repeating the disasters of the 1930s, but Germany, of all countries, has failed to learn from history. As the euro crisis escalates, Berlin should remember how the banking crisis of 1931 contributed to the breakdown of democracy across Europe. Action is urgently needed to stop history from repeating itself.

The vicious euro circle keeps turningIt's no good bailing out the banks if you can't bail out the economy. That, in a nutshell, is the judgement that financial markets seem to have been making about Spain in the past few days.
BBC {}

Spain is not Uganda. Discuss.
Spanish Prime Minister Rajoy sent a text to his finance minister in the midst of negotiations on the terms of a bailout for Spain's banks. Urging him to hold out for a good deal, it said: "We're the number four power in Europe. Spain is not Uganda." The remark caused a storm of protest in Uganda and some ironic tweets pointing out Ugandan economic success. So how do the two countries compare?

What were they thinking?

Worthwhile Canadian Initiative {} and {}

Angry Bagmaker Shows China Slowdown Worst In Wenzhou
Bloomberg {}

China Eases the Way -  Following negative data last week, investors were clearly concerned about global growth and anxiously anticipated government actions.  
TheStreet {}

Sky City in Changsa: China plans to build world's tallest tower |
Mail Online {}

Sky City: The developers in Changsa have an ambitious plan to get the gleaming 838m tower in the skies in just 90 days

Global weakness: Are we out of policy tools? -
Economics - AEI {}

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