Shelley Kasli writes: Recent changes in India’s foreign direct investment policy allows 100 percent FDI (from current 49%) for single brand retail trading and construction, among others, paving the way for global players. In reality, India is being drawn into the spiral of debt economics to protect the American Dream from turning into a Nightmare.
Financial crises are happening more frequently, and the next panic is almost certainly brewing – mostly thanks to skewed government and central bank policies -according to research by Deutsche Bank. It comes as a warning to India, where the RBI has just approved a massive ‘recapitalisation’ programme to bailout banks struggling with ballooning corporate debt.
We should expect financial collapse quite soon – perhaps as soon as the next few months. Our problem is energy related, but not in the way most experts have claimed. It’s much more related to the election of President Trump and to the Brexit vote. Most people don’t understand how interconnected the world economy is.
From Journeyman Pictures: The financial storm of 2008 began brewing in when the US congress pushed the idea of home ownership for all. When it all went wrong, they opted for gargantuan bailouts for the big banks. This documentary offers fresh insight into the greatest economic crisis of our age: the one still awaiting us.
We are coming into an era of huge uncertainty–climate change is a reality, resources are becoming more scarce and I this will eventually lead to armed conflict. While my partner and I are in the extremely fortunate position, I feel that it would be unfair of me to bring a child into a precarious future.
As 2017 dawns, in a great many ways, modern industrial civilization has flung itself forward into a darkness where no stars offer guidance and no echoes tell what lies ahead… We’re not discussing the end of the world; events like those that can be found repeated many times in the histories of other failing civilizations.
What lies ahead for the economy this year? Will there be a global economic collapse as predicted by many or will the early positive signs in stock markets around the world continue? While focused on the U.S., this compilation by Daisy Luther of forecasts by 12 leading experts has implications for the entire global economy.
Monetary historian Mike Maloney says in this podcast: Within the next few years you’re going to see probably the greatest crash in history. I have often said that the crisis of 2008 was just a speed bump on the way to the main event. We are in the process right now of seeing this unwind.
Kurt Cobb writes: It used to be that oil prices and economic growth were somewhat like distant cousins who disliked each other rather than a happily married couple always seen nuzzling together in public. Nowadays, as the oil price dips into the low $40 range again and global economic growth weakens simultaneously, we must re-evaluate.
In this four part series titled No Economic Bullets Left?, former investment banker Satyajit Das sets out why it will be difficult for the world economy to get back to previous levels of growth. The first part looks at the failure of fiscal policies of governments around the world, and why available policy tools cannot address the underlying problems.
The essential argument of Satyajit Das’ new book is: “The 2008 crisis showed that perpetual growth is an illusion. It exposed the high debt levels, credit-driven consumption, global imbalances and excessive financialisation that underpinned an unsustainable economic model, coinciding with an emerging scarcity of energy, food and water, and increasing evidence of climate change impact.”
It is a peculiar combination of technological, economic and geopolitical factors that has led to the present crash in oil prices, lulling many observers into dismissing peak oil. Through it all, the fact remains that the production of ‘conventional oil’, drawn mostly from established oil wells, has not gone up since its peak in 2008.
Investment banker turned author Satyajit Das writes: There are a number of potential triggers to a new crisis, but it will not be a single factor but an unexpected concatenation of events that result in a financial crisis. With existing political elites seen as captured by the wealthy elite, electorates are turning to political extremes.
Sayantan Bera reports: Data from the ministry of water resources show that in end March, water levels in 91 major reservoirs in the country was at just 25% of capacity—30% lower than last year, and 25% less than the average storage in a decade. The situation is acute in the western parts of the country.
Keith Dicker writes: Why is the world in an economic funk? The answer is quite simple: Private Capital does not like the actions by central banks and governments, and is withdrawing their money from the global economy. And it is heading towards the center of the earth. Yes, it really is as simple as that.
T Sabri Öncü writes: Some insist that the global economy is in “secular stagnation,” but the facts suggest we may be entering the “worst” depression in history. Global markets have been on a slippery slope since 2007, and things have only been getting worse. The picture looks dismal, no matter which theoretical lens one uses.
Devinder Sharma writes: Arun Jaitley’s economic agenda revolves around pushing reforms in order to lift growth and create jobs. But what is not being realised is that agriculture alone – the sector that has been neglected all these years – has the potential to create massive gainful employment, build domestic demand and thereby revitalise the sluggish economy.
Sudipto Mundle writes: India’s current high growth is organically linked to food price inflation, and the rising margin between the wholesale and retail price of food. Should we continue to celebrate India’s status as the world’s fastest growing economy, while leaving it to consumers to cope with rising food prices as best as they can?
The Guardian reports: Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, the Royal Bank of Scotland have warned. In a note to clients, it said: “Sell everything except high quality bonds. This is about return of capital, not return on capital.”
The Colonial Origins of Conservation: The Disturbing History Behind US National Parks Stephen Corry, Truthout Conservation’s achievements don’t alter the fact that it’s rooted in two serious and related mistakes. The first is that it conserves “wildernesses,” which are imagined to be shaped only by nature. The second is that it believes in a hierarchy,