Deflation
China
China’s involuted economy
The economy is tipping into a deflationary crisis with a worsening debt crunch, falling wages and prices, and increasing reliance of fraudulent economic data
Editorial, issue 74 of Socialist magazine (China magazine published by ISA in China,...
International
Oil prices collapse
The spectre of deflation
Tony Wilsdon, Socialist Alternative (ISA USA)
The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression.
The New York Times writes: “Just a few month...
International
A New 1930s: Lessons for Workers and Socialists
“The shock to the global economy from COVID-19 has been both faster and more severe than... even the Great Depression”
Per-Åke Westerlund Rättvisepartiet Socialisterna (ISA in Sweden)
That comment by economist Nouriel Roubini on 24th March indicate...
China
China’s devaluation: Currency war escalates
Sudden reversal of Beijing’s previous exchange rate policy underlines seriousness of China’s economic woes
Editorial comment by chinaworker.info
On Tuesday 11 August the Chinese central bank PBOC (People’s Bank of China) jolted global markets w...
China
What does China’s reserve ratio cut mean for its slowing economy?
China’s leaders in tough balancing act between growing debt mountain and falling growth rate
chinaworker.info
China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in...
Latest News
What if Trump 2.0 happens?
Whether Biden or Trump wins, we are heading for more unstable times
Hong Liuxing, chinaworker.info
Donald Trump is sweeping the Republican primaries...
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