Gentrification is the new monster to be fought. The term already has such bad press, that almost no one is willing to say anything in its favor (defending gentrification and defending neoliberalism are now almost interchangeable). Can gentrification get a break? Find out more here.
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What are the Eurozone’s riskier banking systems? Which countries should be concerned in the face of a possible contagion effect of the Italian crisis?
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One of the most interesting discussions in the field of monetary theory concerns the role central banks play in the economy. There are multiple views regarding different issues: from questioning the mere existence of the central bank to the actual role a central bank should take.
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Many analysts are venturing to link the crisis that plagues the Venezuelan economy with the fall in the price of crude oil. With oil being one of the most important commodity in Venezuelan production and the country’s main export product, it seems that the fall in the price would bring any country with an economic structure similar to Venezuela’s into a crisis. Similarly, many assume that the problems in Ecuador have the same root as those in Venezuela, although less pronounced.
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It seems that the echoes of Spain’s Great Recession will never end. Despite the country’s strong growth for at least two years, the general feeling seems to be that of a country consumed by the resonance of its own misfortune.
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The economic performance in the UK for the coming years will depend on political decisions, many of which will not be based on the wellbeing of the citizens but rather on the wellbeing of the decision-making politicians and bureaucrats.
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Unfortunately, there is nothing more permanent than temporary emergency measures. We are still living with a 45-year-old monetary experiment in which central banks have no direct link to gold.
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The private sector has done its job: it has been able to reduce debt and create wealth. The public sector has fallen behind, as countries still have significant public deficits.
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The yuan depreciated by nearly 8% since May 2015: it had been appreciating since the last time the exchange rate was established.
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