Cynthia Freeland has an excellent article called "The Rise of the New Global Elite" in the Atlantic.  It explores the yawning gulf between the interests of this global economic elite and ours and the backlash that is forming.   Here's an expansion of her drivers of the winner take most economy.  They are, in order of onset:

1. Financialization.   ( Read more... )

by Gaius Publius on 11/13/2010 06:02:00 PM



Buried in a great article by Juan Cole on Obama's Asia trip is this comment on the Bush-Cheney "foreign wars" project. It's the clearest statement yet of what those two were really up to, and what they, and we, got for their trouble:
George W. Bush and Dick Cheney thought in terms of ( Read more... )

( Read more... )

http://www.marketwatch.com/story/goldman-conspiracy-helps-china-beat-us-2010-09-14?dist=bigchartsRead more... )

( The richest few don't need the rest of us as markets, soldiers or police anymore. Maybe we should all emigrate )

In the final month of the first quarter of 2010, the data out of Germany continues to show strong indications of flat to negative growth for the entire quarter as a whole. After a flat Q4, this would essentially be a double dip recession in the German economy, recognized as such by the German government, or not, if verified ( Read more... )

More like the slanted L so many of the more dire economists were warning about.

I've taken the liberty to use Photoshop crayons to draw in how the various recoveries would look like, including the one the world is apparently getting ("Slanted L") over this map of the actual world trade data, of which that original is courtesy Wildebeests.net and ( Read more... )

Note: I personally believe there are some significant shifts taking place, but at the same time also share some of this authors skepticism about their direction and velocity.

( China dominance? U.S. decline and fall? Believe it when you see it )

Links to some stories that try to figure it all out

Baseline Scenario: Recovery - Or Not - In Pictures
...We are now in that phase of the crisis when there is a lot of arguing about whether things are going well or poorly, and that largely comes down to whether the current slowdown in the rate at which things are getting worse (that’s all it is so ( Read more... )

That's what I'm about to do, again.

Hey, and why not! I'm taking a break from one tedious and long task I need to complete by the end of this week, and there is just so very much green shoot spin to pick and choose from these days! A veritable candy store for sarcastic punks!

My comments in italics...

Bloomberg
China’s Exports Fall by Record ( Read more... )