economic growth Archive

Nope, It Still Represents Culture

So now some more serious discussion emerges on Israel’s comparative economic performance after Mitt Romney’s culture comment, and Jordan Weissmann in The Atlantic ¬†highlights four concrete reasons behind Israel’s success: Learning from hyperinflationary disaster: …”crafted a grand bargain that slashed government spending, massively devalued the currency, and severed the tie between wages and prices. It […]

Deleveraging Continues Apace

ABS Lending Finance release today for Jan -Feb 2012 isn’t terribly encouraging. Personal finance commitments down. Owner-occupied housing finance commitments down. Commercial finance commitments down. And it’s not just due to standard post Christmas paydowns: seasonally adjusted figures down as well. Got to get those ‘animal spirits’ cooking again. The Federal Government has clearly done […]

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