Views:2684
kofite

  Despite ample evidence to the contrary, environmentalists are certain the planet is on its death bed sweating out its final breathe while humans turn up the thermometer. Although their estimation for exactly how much longer we have seems to change every time we reach their previous projection unscathed, the certainty grows. Decades of blatant misrepresentations of data should arouse anyone’s suspicion regarding the shrill of environmentalist propaganda, but lies are best served with a short-term memory and this time your imminent demise is really coming. In fact, according to controversial US freshman lawmaker Alexandria Occasio-Cortez, “the world is gonna [sic] end in 12 years.” In typical neoliberal “clown nose on, clown nose off” fashion she later professed that anybody who actually believed what she said had the intelligence of

Views:2069
chinа1

  For the past several months now, the US media is obsessed with dire predictions of a calamitous trade war between China and the US, following numerous statements by  president Trump that the Chinese trade surplus is intolerable. Indeed, at $506 billion of Chinese exports against only $130 billion of US ones, it does look very unfair. However, things look a bit different if looked at from a different angle. The Chinese value added, for instance is only 45%, which means that 55% is first imported there to be assembled and re-exported. The US value added is 92%, India’s 87%. Secondly, German trade surplus with the US is not far behind China’s and, unlike China, which fills the aisles at Walmart with cheap goods, Germany produces and sells large numbers

Views:8916
europa

  Brexit, beyond a doubt, shatters profound internal balances within the European Union and heightens Germany’s dominance. This is not necessarily good news, judged against the backdrop of the original EU design of carefully sustained balances that offset big countries’ dominance. The German unification in the 90s tilted the scales, initially more as a matter of perception than a tangible fact. On the one hand, Berlin was overwhelmed with internal unification challenges, while on the other hand, the influence of the United States and Britain counterbalanced German domination.   Many years have since passed, and the present day balance has shifted dramatically. Internal traction has declined and centrifugal forces have increased, with there being consecutive crisis peaks in the Eurozone. An accumulation of consecutive destructive impacts generated a perception of

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Flag_of_North_Korea.svg_

  North Korea is a country of 25 million people held hostage by its warlord ruler. Its real GDP per capita is estimated at less than 10% of Bulgaria’s and less than 5% of South Korea’s.  Its main export is fear, sustained by long credible threats of devastating Seoul just south of the border and increasingly credible threats of wreaking nuclear havoc on Japan or the U.S. Its main Achilles’ heel is dependence on foreign oil, which China supplies in part to protect an ally on its border and in part because the enemy of its enemies is its friend. Its main protection is its long-screamed eagerness to take others down in flames with it.   Ideally, South Korea and North Korea should reunite the way West Germany and East

This entry was posted in The Region and tagged , , by Kent Osband.

About Kent Osband

Dr. Osband is an American economist, strategist, financial risk analyst and longtime student of Bulgaria. He is the author of two well-known books on quantitative risk analysis (Iceberg Risk: An Adventure in Portfolio Theory and Pandora Risk: Uncertainty at the Core of Finance) and has served both in the public (IMF, WB) and private sectors (Goldman Sachs, CSFB, Fortress Investments).