Confounded by off-shoring and technology—as high-tech increases productivity, but replaces labour—macro-management does not produce job growth.
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If the proximate cause is the "laissez faire" to "laissez financer" progression in free-market idolatry, leading to bubbles in asset prices and the subsequent crash, then the facilitating condition was yet another quasi-bubble – a bubble in globaliza
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Ironical as it may seem, while the lax US policies are largely considered the prime reason for the global financial meltdown, and despite terrible mismanagement of US financial system, the US Treasury remains the safest place to keep the world's savi
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Growing American debt has consequences for both lenders and borrowers. Chinese institutions hold 10 percent of US Treasuries, but that may not give them the power to move US markets as often assumed
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