By Anzetse Were A report by the Overseas Development Institute (ODI) analyses four services sectors in Kenya to determine the role of services in economic growth. The four sectors analysed are the financial sector, IT services, transport services and tourism services. The report argues that services are becoming increasingly important, even for non-industrialised countries such … Continue reading
By Jeffrey P. Snider, Alhambra Investment Partners If there is any doubt as to the confusion inside the FOMC, one needs only to examine its models. The latest updated projections make a full mockery of both monetary policy and the theory that guides it. Ferbus and the rest don’t buy the labor market story, either, which is … Continue reading
By Anzetse Were An analyst with the Brookings Institution made an important point during a podcast recently; China will shed 85 million jobs at the bottom end of the manufacturing sector between now and 2030. So naturally the question becomes: where will they go? The analyst made the point that at the moment most of … Continue reading
By John Ward and Peter Symonds In the lead-up to the National People’s Congress (NPC) starting on Saturday, the Chinese government has announced massive layoffs in state-owned enterprises in coal and steel. Further sackings in other basic industries are being foreshadowed in moves that will result in millions of workers losing their jobs and heightened … Continue reading
By Anzetse Were It is well known that in Africa there exist two types of economies: the formal and the informal. Often the general assumption is that the formal economy is the more important of the two, and often it is the formal sector which gains attention in terms of policy formulation, development strategies and … Continue reading
By Paul Craig Roberts The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefited corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the … Continue reading
By Investment Research Dynamics Although the stock market has had several “shock and awe” straight up rallies this year, since the beginning of January the graph of the S&P 500 looks like the infamous “bridge to nowhere:” (click to enlarge) Up until January, the S&P 500 had risen at a near-continuous 45-degree angle, punctuated with an … Continue reading
By W. Raphael Lam, Xiaoguang Liu, and Alfred Schipke China is moving toward a “new normal” of safer and more sustainable growth. To this end, ensuring its labor market stays resilient will be critical. Reforms to contain vulnerabilities caused by buildup of credits may temporarily slow growth, and raise the unemployment rate, but supported through … Continue reading
From 2017, more than three million jobs in the European Union and around 50 anti-dumping legal cases are at risk if the bloc grants new trade rights to China, a new study says, prompting a major backlash from both industry and trade unions. . As December of 2016 approaches,a date when China will obtain the … Continue reading
By Dr. Paul Craig Roberts Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment … Continue reading