Browsing All Posts filed under »international«

Yes, it’s really like that. The distress, the wailing: Video of North Koreans after the death of Kim Jong Il

December 19, 2011

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Check out this video of North Koreans bereaving the loss of Kim Jong Il. (HT to Business Insider) Yes, it is unbelievable.  When you get to 1:20 of the video, watch the kids in the background look around as if it say – “I guess we should do what everyone else is doing.”  Throughout the video, […]

Hierarchical Models, Game Theory, the Arab Spring and… Facebook?

December 12, 2011

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In their paper – Cooperation, structure and hierarchy in multiadaptive games – Sungmin Lee, Petter Holme and Zhi-Xi Wu write: To epitomize, our work shows a generalization of spatial social dilemma models where hierarchies can emerge in a cooperative state. In our framework, these hierarchies need stable cooperating hubs to persist. In this sense, the […]

And who will rescue the Chinese?

November 28, 2011

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James Altucher, who wrote that Pearl Harbor caused the financial crash of 2008.  Does that make the international hopes of Chinese consumer spending growth the signal the upcoming event horizon? With the global economy fighting the doldrums: The European PIIGS (and everyone thought the Euro would replace the US Dollar as the global currency) Downward revisions of […]

Risk Probabilities: Sovereign Debt Defaults

October 28, 2010

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From BusinessInsider today: http://www.businessinsider.com/19-countries-most-likely-to-default-2010-10#19-croatia-1 Over 50% of the top 19 are in Europe, many of which are former Soviet-bloc/Soviet Republics.

Sovereign Debt Enforcement

October 26, 2010

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A Bloomberg article today reports the view that Greece will assuredly default on their sovereign debt within three years. Serendipitously,  from my reading of “This Time is Different” by Carmen Reinhart and Kenneth Rogoff: In the modern era, however, the idea of using gunboat diplomacy to collect debts seems far-fetched (in most cases). The cost-benefit […]

Robert Reich, Economic Chef

October 24, 2010

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Who knew my Sunday morning coffee with the week’s recordings of The Charlie Rose Show would include culinary genius Robert Reich, former Labor Secretary under Bill Clinton? Reich just published his book “After Shock.” While I typically don’t agree with Reich on policy, he made several excellent arguments and one-liners about economic decisions ahead: The […]

Some comments about debt

September 27, 2010

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About a year ago, I picked up a copy of Andrew Ross Sorkin’s “Too Big to Fail” and wrote about it here. Sorkin was back on the Charlie Rose show a couple weeks ago discussing more concepts on debt, but how it applies to public debt – are countries too big too fail?  Given the […]