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Debt-inequality trap risks being sprung any moment
News, Sawai Boonma, Published on 05/11/2014
» Last month, the International Monetary Fund issued its latest assessment of the global economy for 2014, lowering the growth rate from 3.7% projected in its previous assessment to 3.3%. The picture is less rosy despite better outlook for the United States - the largest engine of the world economy – that leads the Federal Reserve System to stop pumping massive amounts of money into the economy via quantitative easing, which totaled some $4.5 trillion over the past six years. Gloomier prospects for other economies have been attributed to continued feeble demand.
Corruption risks pulling everyone under
News, Sawai Boonma, Published on 06/11/2013
» It is not unusual for three people to share a Nobel Prize for doing research on the same subject, either together or separately. For the prize in economics this year, however, it is quite unusual because while separately conducting research on the movements of asset prices _ stocks, bonds, real estate, etc. _ the three people honoured reached contradictory conclusions.