EconomyWatch.com

One thing will help to stabilise the world economy more than anything else: drastically reducing the level of income inequality in virtually every country ...

During the decade after the 1997 Asian financial crisis, China was generally seen throughout East Asia as a friendly alternative power-center to the American-led Washington-consensus.

From the Too Big to Fail Banks to the health "care" debate, and from the collapse of the housing market to the mystifying "double-down" on Afghanistan, Obama is relying on middlemen to carry out his policies.

The economic collapse of the United States has its roots in a political failure in which politicians serve the interests of their sponsors on K Street and Wall Street, rather than the American people.

What are the 10 things that India needs to do to achieve its vast potential for greatness as an economy?

Goldman executives, frightened by the growing anger against their company, are taking up guns to protect themselves. Humility and less bonus payments would be a better way of deflecting anger, but Goldmanites want to take those bumper bonuses.

State-owned Dubai World has stopped repaying its $59 billion debt, effectively defaulting. This raises borrowing risks and further hits troubled banks. Could this be Phase II of the Financial Crisis starting?

The boom and bust cylce is a financiers best friend. During the good times, there are plenty of loans to make with great rates of interest. And in the bust years, bankers can gain assets when debtors default on interest payments.

When Osama launched the 9/11 attacks, he aimed to shake the foundations of western capitalism. The measures used to contain the economic fallout involved pumping cheap money onto the system, which led to the Financial Crisis.

The Federal Reserve is a private bank. While this is not new - it has been this way since 1913 - it is certainly news to most people. The Fed is owned 100% by shareholders, who are all private banks.