barry eichengreen

Everything written about the economic crisis overlooks its true nature

Summary:   This site opened in November 2007 with three posts about this crisis, describing it as End of the post-WWII geopolitical regime.  Until we and our leaders understand this, we can neither appropriately respond to events nor prepare for future problems.  While the title overstates the situation (there are many who understand), it captures the key mental barrier we …

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A look ahead to the end of this financial crisis

Summary The global financial situation is complex and wreathed in fog, but at least two things are clear. The financial crisis consists of fore-shocks before the main event. A new geopolitical order will mark the solution of this crisis; it lies far in the distance.  This post examines the grim details of item #2.   The slowdown might …

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