Tag Archives: Kondratieff wave

Central Banks Fighting Deflation Worldwide

Central banks in Europe, Japan and  the U.S. are fighting deflationary forces by easing monetary policy and financing government debt.  This may change their roles and expectations in the future as they move closer to the areas of fiscal policy … Continue reading

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Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move

“They are at the end of their rope and are probably searching for every last option for what they can do,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York  and a former economist for … Continue reading

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Selling State Treasures to Run the State

With their treasuries empty and their finances in the worst condition that any politician alive can remember, European states are selling their state treasures to enable them to run the state. Yet no one really understands the how long and … Continue reading

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Canadian Prime Minister Stephen Harper Doesn’t Want to Sound Alarmist But…

“I do think in a sense, here, I don’t want to sound too alarmist, but we are kind of running out of runway here,” Harper said Monday. “And in terms of structure of the eurozone and in terms of addressing … Continue reading

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Dutch Minister firm on pensions: pay-outs must be cut if assets fall

Pension funds which do not meet the central bank’s rules on assets must reduce pensions to head off further problems, social affairs minister Henk Kamp told parliament on Tuesday evening. Kamp was speaking during a debate on the pension crisis … Continue reading

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Staggering pension shortfalls erode university operating budgets

Facing staggering pension plan shortfalls, some universities in Canada are struggling to continue funding plans and are resorting to desperate measures including dipping into operating budgets and negotiating higher employee contribution rates. Collectively, pension plans at Canadian universities have bled … Continue reading

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Aging Crisis Hits Home

It happened in December when Finance Minister Jim Flaherty announced a new formula for federal health transfers to the provinces. After 2017, healthcare funding will be based on population with increases tied to economic growth. ….. We knew the demographic … Continue reading

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