Archive for February 2018

  Elias Jabbour and Alexis Dantas, two economists in Brazil, have published an important study of China’s economic reform ‘The political economy of reforms and the present Chinese transition’. In general this refutes many myths on China’s economic reform in analysing the relation of the state and the market in China’s ‘socialist market economy’. It is…

On Friday 2 February sharp turmoil, which had been building for some time, shook US financial markets. The driving force was the continuing sharp rise in US Treasury Bond yields, that it the interest rate on US Treasuries, which has risen from 1.86% when Trump was elected to 2.84%.  US Treasury rates set the floor…