ECONOMIC CRISIS

Songs For the Underclass

Artwork by: David Cran Good protest songs - the ones that endure - never preach to the choir. They don't rally the converted. They never tell you what to do, just that something should be done. Good p...
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Would Politicians Make Good Goalkeepers?

In a penalty kick situation, goalkeepers must decide what to do before clearly observing kick direction. Basically, goalkeepers feel worse, and are judged more harshly, if they stay in the centre and fail to stop the ball than if they jump left or right and fail. Another profession that exhibits action bias, and for much the same reason, is politics.
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Is Globalization Finally Dead?

Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?

Canadian Trade: Pros and Cons for 2014

When international trade collapsed in 2009, the Canadian economy turned inward, and for a change, discovered a steady source of growth. That source is now tapped out, and economy-watchers have for some time turned their eyes back to trade. So far, the view has been uninspiring. Will Canadian trade carry growth forward, or is our hopeful gaze in for a big disappointment?

Breakthrough: U.S. Confidence Finally Returns

During recessions, American sentiment is typically volatile. One of the most remarkable recent developments in the world economy is the change in U.S. sentiment. After three failed attempts, the Conference Board Index of Consumer Confidence has finally and convincingly popped back into the "normal" zone.

Will the Summer Shine on or Sour the Economy?

There's a sour seasonality that has become entrenched in recent global economics. In the past few years, summer has become a disarmingly punctual momentum-killer of global production. Perhaps the most critical question in EDC's Summer 2013 Global Export Forecast is whether we are in for yet another summer drubbing, or whether this is the year we break with that sorry tradition.
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How Mexico's Economy Survived the Slump

Few economies escaped the global slowdown in the summer of 2012. Mexico was a rare and notable exception. While marked deterioration in China, India and Brazil grabbed the headlines, Mexico quietly hummed along, generating remarkably smooth growth.
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How Canucks Avoided the Fiscal Cliff

In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.