Read Martin Wolf on Global Imbalances …
Source: http://clausvistesen.squarespace.com/alphasources-blog/2008/12/7/read-martin-wolf-on-global-imbalances.htmlPosted on Sunday, December 7th, 2008 | In Market Commentary
Contributed by: Claus Vistesen (http://clausvistesen.squarespace.com/) -
The world has run out of willing and creditworthy private borrowers. The spectacular collapse of the western financial system is a symptom of this big fact. In the short run, governments will replace private sectors as borrowers. But that cannot last for ever. In the long run, the global economy will have to rebalance. If the surplus countries do not expand domestic demand relative to potential output, the open world economy may even break down. As in the 1930s, this is now a real danger.
Last 5 posts by Claus Vistesen
- Rebalancing in the Baltics - A Preliminary Assessment - November 23rd, 2009
- Random Shots - November 13th, 2009
- The IMF on Asia's Recovery and its Sustainability - November 9th, 2009
- Too Much of a Good Thing in Australia? - November 5th, 2009
- Japanes Companies, Exports and the Current Account - November 2nd, 2009
 About Claus Vistesen (http://clausvistesen.squarespace.com/)
Claus Vistesen is a 23 year old macroeconomist on the verge of finishing his MSc in Applied Economics and Finance from the Copenhagen Business School. His primary research interests are international finance and international macroeconomics, especially, the changing structure of global and national demographics. Claus takes an interest in the econometrics discipline which he intends to dig deeper into post graduate. He primarily writes out of his own blog Alpha.Sources as well as Global Economy Matters. He liaises closely with his colleague and friend Edward Hugh whom he develops and produces research material and articles with. In terms of specific topics Claus tracks the European economies as well as Japan as his main areas of focus. Claus has been online with Alpha.Sources since September 2005 and has realized how a serious online presence can be an asset in terms of academic work as well as on a personal relationship level. He is grateful for the reactions, opinions, and contacts he has received through this site. The interaction between macroeconomics and demographics is a strong anchor in what goes on at Alpha.Sources, and his work in general. In the end, Alpha.Sources represents a way for Claus to conceptualize his thoughts and views on the surrounding world, so no boxes and boundaries can be set on the content. |
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