The Bank of International Settlements has released a research paper that looks interesting on the impact of the globalization of value chain (hello iPhone and all the rest) on the dynamics of inflation. Lire la suite
Some valuable piece of information and insight on global financial markets, with a somewhat alarming message: « Don’t let the unthinkable become the new normal« .
« The global expansion remains unbalanced, debt levels and financial risks are still too high, productivity growth is too low, and the room for manoeuvre in macroeconomic policy has continued to narrow », warns the BIS, with a global message: current governance and ruling of financial markets around the world is a big mess and there is little progress in aknowledging and fixing that…
It’s sad/funny that this kind of analysis comes at a time when the IMF is sending ultimatums to Greece which replies with democratic call to its people, something IMF’s leaders are probably not accustomed to.