"High birthrates, poor education, a male aversion to manual labor or service roles, social strictures against women working, low wages accepted by foreign labor, and deep structural rigidities in the economy, compounded by pervasive corruption, all have led to a decline in living standards and to the toxic and intransigent unemployment problem among young Saudis."
-From On Saudi Arabia (p. 160)
Just what the world needs right now, a supply shock when it comes to the biggest producer and exporter of its most important commodity.
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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In his most recent post , Michael Pettis explains the problem of investment misallocations and too much debt, simply yet brilliantly (his po...
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I am reading another book right now by economist Richard Koo, innovator of the balance sheet recession concept. If you remember what his id...