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20th
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20th
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Slice of MIT
Baseline Scenario
Mar
19th
Fri
19th
Victor Shih, an assistant professor of political science at Northwestern University, reckons debt at these entities reached $1.7 trillion by the end of 2009. Most will need continuing funding, so that figure could more than double by the end of 2011. Because Beijing supports both the banks and the local governments, this lending should arguably be added to the central government’s debt figures. Doing that, Mr. Shih estimates, would make China’s debt-to-GDP ratio, around 20% in 2009, closer to 71%. By 2011 that could rise to 96%.
Pioneering Fund Stages Second Act - WSJ.com
Coverage on some of the history of Renaissance Technologies.
Mar
17th
Wed
17th
Could it be that Mr Schauble might actually want to convince the Greeks and other potential malefactors that the cost of staying in the euro-area is prohibitive? For chucked in amongst the ritual assurances that “there is no alternative to monetary union”, the German finance minister actually raises an alternative - weak countries should be forced out of the euro. He writes - “Should a eurozone member ultimately find itself unable to consolidate its budgets or restore its competiveness, the country should, as a last resort, exit the monetary union.” Not could, you note. Should.
— Great commentary to extremist proposal by German finance minister Wolfgang Schauble via Wolfgang Schauble’s torture chamber | Gideon Rachman’s Blog | FT.com
Mar
15th
Mon
15th
A better definition comes from former Secretary of State Colin Powell who said: “You have achieved excellence as a leader when people will follow you anywhere if only out of curiosity.” For our purposes, we can generalize this to be the measure of the quality of a leader: the quantity, quality and diversity of people who want to follow her.
Tags:
entrepreneurship leadership
Michael Pettis from Beijing University argues that China’s reserves of $2.4 trillion - arguably $3 trillion - are a sign of weakness, not strength. Only twice before in modern history has a country amassed such a stash equal to 5pc-6pc of global GDP: the US in the 1920s, and Japan in the 1980s. Each time preceeded depression.
Mar
14th
Sun
14th
A primer on Repo 105, or how Lehman cooked the book. Plus Elliot Spitzer is back as a moralizer!
