Larry Summers and Paul Krugman have put stagnation on the table, but there is a grave danger that policymakers only focus on financial market reform and ignore reform of America’s flawed economic paradigm.
The USA has become the bigger oil producer in the world , having surpassed the other two great producers , Russia and Saudi Arabia, and this is bound to change the geopolitic relationship with the Middle East.
Mexico is not yet a failed state; parts of the country remain reasonably safe, but the mayhem is spreading, and the influence of drug money within all three major political parties is now taken for granted.
American corporations made their big bucks mostly by reducing their costs. They push wages down because most workers no longer have any bargaining power when it comes to determining pay.
