Monthly Archives: May 2009

Wolfgang Munchau (Financial Times, May 24, 2009) writes about possible scenarios of the US inflation, caused by ballooning US budget deficit. He is absolutely right to reject the idea of keeping inflation at the level 6%, by creating the atmosphere … Continue reading →

I am talking about 1991 movie “Other people’s money” with Danny DeVito, Gregory Peck, and Penelope Ann Miller. Comical situations aside, the plot is about Wall Street and Main street, about greed and desperate attempts to rescue the declining business. … Continue reading →

The stimulus package and whether it  works  is  under radar of the media and a matter of survival for many. The latest statistics are not encouraging: April consumption (sales) is down, second month in a row, after some increase in … Continue reading →

In my April 28th blog I smoothly transitioned from, so to say, micro-logic to macro-aspects of fluctuations and crises. Is it a correct move? Feedback loops, reflexivity, self-reinforcing processes – does this stuff apply to the whole economy? No doubt, … Continue reading →