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- Why the West Should Have not Sided with Stalin against Hitler
Hitler sought to expand the German Lebensraum and to found a giant "slave state" in the territories of the east, Russia, Poland, and Ukraine included. He never regarded the polities of west Europe or the United States as enemies. - Why Narcissists Cheat on their Spouses, Commit Adultery and have Extramarital Affairs and Liaisons
In the quest for narcissistic supply, the somatic narcissist resorts to serial sexual conquests. - Vanity Publishing will Rescue the Print Media
The print media should jump on the wagon: they should solicit contributions from citizen journalists, bloggers, i-reporters, and e-columnists. These content providers are likely to be satisfied with a mere byline for their remuneration (seeing their name in print!) Having thus cut their costs by leveraging the public’s vanity, newspapers and magazines will be able to concentrate on customer relations (via their internet properties and social networking tools) and on what they do best: coherent a - Transformations of Aggression
So, the narcissist's aggression wears many forms. The narcissist suddenly becomes brutally "honest", or bitingly "humorous", or smotheringly "helpful", or sexually "experimental", or socially "reclusive", or behaviourally "different", or find yet another way to express his scathing and repressed hostility. He often labels such thinly disguised aggression: “tough love”. - Seven Concepts in Derivatives
There are two types of risk: specific to the firm or sector and systemic, usually the outcome of an external shock to the entire economy. Derivatives aim to mitigate risks, but what they actually do is concentrate them in the hands of a few major players. - Positioning the Encyclopedia Britannica
Team up with the Wikipedia and provide free content to complement the "crowd-sourced" variety. Thus, each Wikipedia article can link to the corresponding Britannica offering or include selected paragraphs reprinted from it. The Britannica can even create its own Website with the entire text of the Wikipedia (allowed under its Creative Commons license), replete with links to the Britannica's own articles under the relevant Wikipedia entries; - Pears Cyclopedia: The World in Your Hand
Pears Cyclopedia is a labor of love and it shows. Its current editor (formerly, its Assistant Editor), Christopher Cook, has been at it for decades now. Annually, he springs a delicious surprise on the avid cult that is the readership of Pears Cyclopedia: new topics that range from wine connoisseurship to gardening. - Obama's Narcissism Made Worse in First Year in Office
Obama’s pronoun density has doubled between January 20, 2009 and October 2009. It then subsided, though it is still about 50% over the level exhibited during his election campaign. This would seem to indicate that his pathological narcissism has been exacerbated in office as he was probably basking in media attention and the trappings of power. The backlash, such as it was, against several of his more egregious behaviours and faux-pas led him to modify his conduct and pay closer attention to ... - Paradigm-Shifting vs. Paradigm-sustaining Science
All theories - scientific or not - start with a problem. They aim to solve it by proving that what appears to be "problematic" is not. - The Negative Survival Value of Taboos
As circumstances change and our knowledge of Nature expands, all taboos should be subjected to revision and rigorous scientific perusal: does urine-drinking have medical benefits? Are suicide and murder permissible in certain situations and among well-defined populations? Is organ harvesting to be allowed if it alleviates other forms of misery (such as extreme poverty or child labor)? - Narcissist of Substance vs. Narcissist of Appearances
The celebrity narcissist has a short attention span. He rapidly cycles between the idealization and devaluation of ideas, ventures, places, and people. This renders him unfit for team work. Though energetic and manic, he is indolent: he prefers the path of least resistance and adheres to shoddy standards of production. His lack of work ethic can partly be attributed to his overpowering sense of entitlement and to his magical thinking, both of which give rise to unrealistic expectations of effort - The Narcissist in Therapy (Interview)
I see most of the problems with the therapist, not with his or her narcissistic client. Therapists must learn to moderate their expectations and control their own narcissistic defences and impulses. - Macedonia's great accomplishment is to have survived
Macedonia is not ready to accede to the EU and the EU bureaucracy know it. - Iraq, the Kurds, and Israel: Entwined Futures
Imagine a village of 220 inhabitants (the international community of nations). It has one heavily armed police constable (the United States) flanked by two lightly equipped assistants (the European Union and NATO). The hamlet is beset by a bunch of ruffians (the Saddam Hussein regime) who molest their own families and, at times, violently lash out at their neighbours. These delinquents mock the authorities and ignore their decisions and decrees. - The Invention of Telling the Truth
The extent of confusion that reigns when we discuss the concept of truth is evident in the film “The Invention of Lying”. The movie takes place in a world where people are genetically unable to lie. When one of them, presumably an aberrant mutant (his son inherits his newfound ability), stumbles across the art of confabulation, his life is transformed overnight: he becomes rich, a celebrity, and marries the girl of his dreams (who scorned him before). - Immature, Rogue, and Failed States
The US State Department's designation of "rogue state" periodically falls in and out of favor. It is used to refer to countries hostile to the United States, with authoritarian, brutal, and venal regimes, and a predilection to ignore international law and conventions, encourage global or local terrorism and the manufacture and proliferation of weapons of mass destruction (WMD). Most rogue states are not failed ones. - The Great Recession: Plus ca change ...
Two years later, many of the problems and imbalances that gave rise to the Great Recession are still with us and, owing to the might of special interest groups and Wall Street, are unlikely to be effectively tackled. This – coupled with the rampant mismanagement of public finances - virtually guarantee a second leg of this financial crisis in 2010. - The Galatea of Cotard
“Are you hungry?” Her grammar and syntax always impeccable. I study my parent’s profile: the erstwhile firm chin now buckled, the flabby contours of her once muscular arms. Her stomach gone, like mine. Her eyes are tearful, the knuckles of her sculpted hands are white. - Dow-Jones: On the Way to 4800
A prediction I made in February 2009 (when the Dow-Jones was hurtling towards 6500) came true. - Do the Jews Have a Right to the Land of Israel (Palestine)?
Israel has annexed some of the territories it has conquered in the 1967 Six-Day War. It claims historical rights to big chunks of Jerusalem and the West Bank. It, therefore, regards and treats Palestinian militants as either insurgents or terrorists. This point of view is rejected by the international community. Why so? - Cyber-celebrity vs. 'Real' World Fame
Many veteran institutions regard cyberspace as a threat to their continuing prosperity, or even existence. - Can We Be Pleased with the Progress We Made on Climate Change Mitigation?
I would like to take this opportunity to digress somewhat and try to place climate change in a philosophical context. - The Body as a Torture Chamber
In a way, the torture victim's own body is rendered his worst enemy. It is corporeal agony that compels the patient to mutate, his identity to fragment, his ideals and principles to crumble. The body becomes an accomplice of the affliction, an uninterruptible channel of communication, a treasonous, poisoned territory. - The Battle of Books against Television in Eastern Europe
Macedonians – like all other East Europeans - are still enamoured of the written word and hold education and the educated in awe and deep respect. This is unlike the West where things digital reign supreme and where higher education and expertise are scorned as “crowdsourcing” and “mob wisdom” took over (for instance, in the form of the Wikipedia “encyclopedia”). - Are commercial partnerships between science and industry the best way to reduce GHG emissions?
If the reduction of GHG (Greenhouse Gases) is a public good, it should be provided mainly by the government (or by NGOs), possibly - but not necessarily - in conjunction with industry. If cutting emissions is essentially a commercial or private good, it is best left to market forces (firms, exchanges) with science merely providing guidance and input to agents and players. - The Age of Stupid
We live in a civilization that glorifies and elevates stupid people. The heroes of the previous centuries were all philosophers, scientists, and authors. Our role models are muscle-bound footballers, empty-headed pop stars, and rapacious, narcissistic businessmen. This dumbing down of Mankind is the culmination of several trends. - Interview granted by Sam Vaknin to the Portuguese newsmagazine Politika, November 8, 2009
Macedonia's main accomplishment hitherto is to have survived. It was the subject of an economic embargo, internal conflict, wars on its border, floods of refugees, economic meltdown, hyperinflation, brain drain - and, yet, it is still here, looking forward to a European and prosperous future. Macedonia is resilient, if nothing else - Swine Flu as a Conspiracy
The Internet has rendered global gossip that in previous epochs would have remained local. It also allowed rumour-mongers to leverage traditional and trusted means of communication – texts and images – to lend credence to the most outlandish claims. Some bloggers and posters have not flinched from doctoring photos and video clips. Still, the most efficient method of disseminating disinformation and tall tales in the wild is via text. - QUIZ: Who is This Politician? HINT: Not who you think!
He was born to a part of the population that was often despised and mocked by the majority. He was "abandoned" by his parents early on in his life. He spent his formative years abroad, outside his country. He never accomplished anything of note before he became the leader of his party (in his late thirties) and the ruler of his country (in his mid-forties)........ - The Wikipedia's Sins Revisited
The Wikipedia is the massive, structured blog of an online cult. The cult is dedicated to the agglomeration of information and disinformation (i.e. data) and its classification (in the form of articles). It also revolves around the personality of Jimmy Wales and his "disciples" and, in this sense, it is a personality cult and a pseudo-religion. The only thing the Wikipedia is not is an encyclopedia. - Visa Liberalization: A Threat to Macedonia?
Macedonian citizens will enjoy visa-free travel to most destinations in Europe starting in early 2010. The liberalization of the visa regime is welcomed in the tiny, landlocked and claustrophobic country: it will provide its long-suffering denizens with access to higher education and jobs in a common market with 300 million people and a GDP to equal the United States. - Using Data from Nazi Medical Experiments
There are three moral agents involved in this dilemma: the Nazi Doctors, their unwitting human subjects, and the international medical community. Those who conducted the experiments would surely have wanted their outcomes known. - Thoughts on String Theories
Strings are described as probabilistic ripples (waves) of spacetime (NOT in a quantum field) propagating through spacetime at the speed of light. - Theodicy: The Problem of Evil
God is omniscient, omnipotent and good (we do not discuss here more "limited" versions of a divine Designer or Creator). Why, therefore won't he eliminate Evil? - Steering Macedonia towards Health
Enter the country's youthful (28) Minister of Health, Bujar Osmani, a medical doctor by profession. Having worked in the United Kingdom for a year, he speaks wistfully of its fabled National Health Service (NHS). This exposure to a model of healthcare delivery and provision that actually works may have been the impetus to the unusual events that took place in his Ministry in the last 4 months or so. - Social Values and the Health System
We should distinguish social and cultural values from economic and operational values. Efficiency, for instance, is an economic-operational value, not a social-cultural one. - Should Communities be Allowed to Generate Their Own Power?
Until well into the 1930s local communities in the West produced their own energy, drilled their own water and hauled it, and, in general, were self-sufficient as far as the consumption of utilities was concerned. - Narcissistic Mothers and Their Children
Children of narcissistic parents are ill-adapted; their personality is rigid and they are prone to deploy psychological defense mechanisms. Consequently, they display the same behaviors throughout the relationship, from start to finish and irrespective of changing circumstances. - Narcissistic Injury, Narcissistic Wound, and Narcissistic Scar
The narcissist actively solicits Narcissistic Supply - adulation, compliments, admiration, subservience, attention, being feared - from others in order to sustain his fragile and dysfunctional Ego. Thus, he constantly courts possible rejection, criticism, disagreement, and even mockery. - The Misanthrope's Manifesto
Prioritize medical treatment so as to effectively deny it to the terminally-sick, the extremely feeble-minded; the incurably insane; those with fatal hereditary illnesses; and the very old; - Miracles, Wonders, Signs: God's Interactions with the World
Did God, like certain software developers, embed in the world some "backdoors" or "Easter eggs" that allow Him to intervene in exceptional circumstances and change the preordained and predestined course of events? - Macedonia and the Global Crisis: Weighing the Options
In times of economic crisis, as consumption and investment plummet and unemployment is on the rise, the only way to effectively cancel out this demonetization of the national economy (this "bleeding") is through enhanced government spending and by cutting taxes and reducing fees for government services and goods. - Is God Necessary?
To say that God is a necessary being means to accept that He exists (with His attributes intact) in every possible world. It is not enough to say that He exists only in our world: this kind of claim will render Him contingent (present in some worlds - possibly in none! - and absent in others). - The Icorporeal World of the Surrogates
Can one really say that one has been to China, or has had sex, or has strolled along a boulevard in autumn if one has never left the comfort of one's home? If one's body is stationary and only one's mind is wandering and acting through a technological extension, does this constitute "being there" and "doing it"? - How Michael Hart Revolutionized the Internet
Most pundits agree that in the history of knowledge and scholarship, e-books are as important as the Gutenberg press, invented five centuries ago. - Healthcare Reform Checklist
Healthcare legislation in countries in transition, emerging economies, and developing countries should permit - and use economic incentives to encourage - a structural reform of the sector, including its partial privatization. - God, The Fine-tuned Universe and the Emergence of Life
The Universe we live in (possibly one of many that make up the Multiverse) is "fine-tuned" to allow for our existence. Its initial conditions and constants are such that their values are calibrated to yield Life as we know it (by aiding and abetting the appearance, structure, and diversity of matter). - Gmail not Safe, Google not Comprehensive
The login page of Gmail sports an SSL "lock". This means that all the information exchanged with Gmail's servers - the user's name and password - is encrypted. A hacker who intercepted the communicated data would find it difficult and time-consuming to decrypt them. - Facts and Fictions in the Securities Industry
The first "dirty secret" is that a firm's market capitalization often stands in inverse proportion to its value and valuation (as measured by an objective, neutral, disinterested party). This is true especially when agents (management) are not also principals (owners). - European Banks Threatened by Identity Theft
How can Europe's banks defend themselves? - Dreams of Mental Illness
In my dream, a squadron of high-ranking Nazis invades my rented apartment with the aim of confiscating my collections (mainly books I had packed in cardboard boxes and stashed in what passed for storage space in my real abode in Israel many years ago). - The Dethroning of Man in the Western Worldview
Whatever its faults, religion is anthropocentric while science isn't (though, for public relations considerations, it claims to be). Thus, when the Copernican revolution dethroned Earth and Man as the twin centers of God's Universe it also dispensed with the individual as an organizing principle and exegetic lens. - The Concepts of Boundary and Trace
In nature, memory is reversible (metals with memories change back to erstwhile forms; people forget; information disappears as entropy increases). Since memory is reversible, we have to rely on traces to reconstruct the past. - A Classification of Abusive Behaviors
Overt abuse is the open and explicit, easily discernible, clear-cut abuse of another person in any way, shape, or form (verbal, physical, sexual, financial, psychological-emotional, etc.). - Carbon-neutral Transport Systems: Are We Doing Enough?
The sciences of ecology and climatology (and meteorology) should not be confused with the hysterical hype and interest-driven fad that is environmentalism. - The Britannica 2010 Victorious?
With the demise of Microsoft's Encarta (it has been discontinued) and the tribulations of the Wikipedia (its rules have been revamped to resemble a traditional encyclopedia, alienating its contributors in the process), the Encyclopedia Britannica 2010 (established in 1768) may have won the battle of reference. - Alternative Energies and Other Fairy Tales
At the end of the 19th century, books and pamphlets were written about "peak coal". People and governments panicked: what would satisfy the swelling demand for energy? Apocalyptic thinking was rampant. - A Typology of Codependence and the Dependent Personality Disorder
Codependence is a complex, multi-faceted, and multi-dimensional defence against the codependent's fears and needs. - Adolescent Cultures
The tripling of the world's population in the last century or so fostered a rift between the majority of industrial nations (with the exception of the United States) and all the developing and less developing countries (the "third world"). The populace in places like Western Europe and Japan (and even Russia) is ageing and dwindling. These are middle-aged, sedate, cultures with a middle-class, mature outlook on life. They are mostly liberal, consensual, pragmatic, inert, and compassionate. - Founding Fathers and The Character of States
The United States of America started out as a series of loosely connected, remote, savage, and negligible colonial outposts. The denizens of these settlements were former victims of religious persecution, indentured servants, lapsed nobility, and other refugees. Their Declaration of Independence reads like a maudlin list of grievances coupled with desperate protestations of love and loyalty to their abuser, the King of Britain. - Global Warming and Climate Change as Opportunities
How must society adapt to rapid climate change to minimise severe upheaval?
The question makes two explicit assumptions, both of which are controversial and disputed: that climate change is rapid and that it will result in severe upheaval. Similarly, it is not clear whether the best reaction to global warming should be societal, or individual (or, perhaps, global). - Obama's Nobel Prize will Exacerbate His Narcissistic Tendencies
Within a single year, Barack Obama had been elected to the Presidency of the United States and had won the Nobel Peace Prize. While the merits of the first achievement are debatable, there is a consensus, even among his most ardent supporters, fans, and acolytes that he absolutely does not deserve the second honor. - Preparations for Attack on Iran Almost Complete
Citizens are reporting dry runs in the skies of the Negev, Israel's traditional air force training grounds and a desert with some resemblance to Iranian conditions. Piecing these scant testimonies together, it seems that the Israelis are concentrating their effort on midair refueling and surgical strikes on multiple targets. - Macedonians in Denial about the Name Issue Dispute with Greece
Faced with an unprecedented choice between their identity and their future, Macedonians resort to a classic psychological defense mechanism: denial. Greece demands that the Republic of Macedonia change its name, or else forget about its Euro-Atlantic aspirations: NATO membership and EU accession. Macedonians react with horror and revulsion to such truly unprecedented bullying. Unable to face reality, they collectively retreat to fantasy. - The Republic of North Macedonia and Palestine: Obama Loses Patience with Bush Allies
On August 26, 2008, I published an article titled Greek-American Plan to Resolve Macedonia's Name Issue?. In it, I described an American plan to resolve the name dispute between Macedonia and Greece (see note at the bottom of the first section of this article). - How Multiculturalism Causes Conflict
The propensity to extrapolate from past events to future trends is especially unfortunate in the discipline of History. Thus, the existence hitherto of a thriving multicultural polity does not presage the preponderance of a functioning multiculturalism in its future. - Ensuring a Sustainable Future for Generations to Come
Future generations, in other words, have no rights and we have no obligations towards them. - Greek Carrots in the Macedonian Salad?
Greece is putting together a package of economic incentives to be included in any compromise regarding the name issue with the Republic of Macedonia (for an overview of this convoluted conflict, see note below). The measures are intended to restore Greece's tattered relationship with the United States by casting Macedonia as the intransigent, radical, and irrational party when the Macedonian leadership rejects the offer (as the Greeks fully expect them to do). - Is Energy Security Desirable?
The uncertainty incumbent in phenomena such "peak oil", or in the preponderance of hydrocarbon fuels in failed states fosters innovation. The more insecure we get, the more we invest in the recycling of energy-rich products; the more substitutes we find for energy-intensive foods; the more we conserve energy; the more we switch to alternatives energy; the more we encourage international collaboration; and the more we optimize energy outputs per unit of fuel input. - The Pros and Cons of Corruption
Corruption runs against the grain of meritocratic capitalism. It skews the level playing-field; it guarantees extra returns where none should have been had; it encourages the mis-allocation of economic resources; and it subverts the proper functioning of institutions. It is, in other words, without a single redeeming feature, a scourge. - Twitter: Narcissism or Age-old Communication?
It has become fashionable to castigate Twitter - as an expression of rampant narcissism. Yet, narcissists are verbose and they do not take kindly to limitations imposed on them by third parties. They feel entitled to special treatment and are rebellious. They are enamored with their own voice. Thus, rather than gratify the average narcissist and provide him or her with narcissistic supply (attention, adulation, affirmation), Twitter is actually liable to cause narcissistic injury - The Current Global Crisis in Historical Context
The collapse of Communism in Europe and Asia led to the emergence of a new middle class in these territories. Flushed with enhanced earnings and access to bank credits, its members unleashed a wave of unbridled consumption (mainly of imported goods); and with a rising mountain of savings, they scoured the globe for assets to invest their capital in: from football clubs to stocks and bonds. - Why Recessions Happen and How to Counter Them
Periods of economic boom are characterized by a heightened demand for goods, both consumer and investment; a rising demand for assets; and low demand for actual money (low savings, low capitalization, high leverage). - Why Do We Love Sports?
Sports cater to multiple psychological and physiological deep-set needs. In this they are unique: no other activity responds as do sports to so many dimensions of one's person, both emotional, and physical. But, on a deeper level, sports provide more than instant gratification of primal (or base, depending on one's point of view) instincts, such as the urge to compete and to dominate. - True Prophets are Bad Team-players
Prophets and prognosticators of social, political, and economic trends are often shunned, outcast, mocked, or outright punished. - Tips on Dating and Online Dating
The Internet is merely a sophisticated, multimedia communication channel, a glorified videophone. "Distance relationships" don't work. - Strong Men and Political Theatres - The 'Being There' Syndrome
Given a high enough level of frustration, triggered by recurrent, endemic, and systemic failures in all spheres of policy, even the most resilient democracy develops a predilection to "strong men", leaders whose self-confidence, sangfroid, and apparent omniscience all but "guarantee" a change of course for the better. - Psychology of financial crime and Scams
It is still debatable whether Bernard Madoff fits the profile of a classic scammer. - Men and Women - The Qualities We Seek
In evolutionary terms, good judgment and intelligence equal survival and the transmission of one's genes across the generations. Faithfulness and a sense of responsibility (financial and otherwise) guarantee that the woman's partner will persevere in the all-important tasks of homebuilding and childrearing. - The Map as the New Media Metaphor
With the aid of set-top boxes such as TiVo's, consumers are no longer dependent on schedules imposed by media companies (broadcasters and cable operators). Time shifting devices - starting with the humble VCR (Video Cassette Recorder) - have altered the equation: one can tape and watch programming later or simply download it from online repositories of content such as YouTube or Hulu when convenient and desirable. - Lucid Dreams
"It's when you know that you are dreaming and can change the contents of your dream at will: its environment, the set of characters, the plotline, the outcome ..." - Live Burial
"Sometimes the only way to conquer our fears is to confront them head on." - Said the doctor - Human Trafficking in Macedonia and Kosovo
Human trafficking is a sterile term, used to mask the grimmest of realities. Popular culture - from Peter Robinson's police procedural "Strange Affair" to the film "Taken" - captures the more sensationalist dimensions of this vile and pernicious phenomenon: the coercion or abduction or of young girls (some of them minors) and their forced conversion into prostitutes. - Gruevski's Macedonia, Greece, and Alexander the Great, History's Forgotten Madman
It is beyond me why both Macedonia and Greece wish to make a deranged mass murderer their emblem and progenitor. - Do You Recognize Barack Obama in These Texts? - First Series
By now, the world has had two years of exposure to Barack Obama. We all have followed his exploits and antics; have watched him on television; have heard his speeches; have witnessed his scripted and spontaneous interactions with family, subordinates, co-workers, and friends. - The Decline of Text and the Re-emergence of the Visual
A picture is worth 1000 words. But, words have succeeded pictograms and ideograms and hieroglyphs for good reasons. - Bankers and Stockbrokers as Malignant and Psychopathic Narcissists
The perpetrators of the recent spate of financial frauds in the USA acted with callous disregard for employees, investors, and shareholders - not to mention other stakeholders. Yet, they are the tip of a pernicious iceberg of perfidious, self-enriching, callous, and antisocial bankers, stockbrokers, analysts, and other members of the professions within the financial sector. - The Hazards of Biofuels
Technologies that appear at first blush and in the lab to be both benign and efficacious often turn out, upon widespread implementation, to be counter-productive or even detrimental. We have yet to accurately capture and model the complexity of reality. Emergent phenomena, unintended consequences, unexpected and undesirable by-products, ungovernable economic and other processes all conspire to adversely affect the trajectories of even the most thoroughly studied inventions. - The Next 18 Months: Recession, False Recovery, Depression
The Obama stimulus package, worth some 800 billion USD, the 1.9 trillion USD in TARP funds and the endless Fed injections and auctions are bound to revive the moribund American economy by the third and fourth quarter of 2009. The Dow-Jones is likely to touch 10900, consumption will recover, as will housing starts and, in some markets, housing prices. But this "recovery" will prove to be a false dawn. It will last 2 quarters at most and will be followed by a recession so deep and ............ - The Role of Governments in Global Crises
In most countries of the world, institutions do not function, the rule of law and properly rights are not upheld, the banking system is dysfunctional and clogged by bad debts. Rusty monetary transmission mechanisms render monetary policy impotent. - Why all the Stock Exchanges Collapsed
The sharp reversal from negative real interest rates (in 2000-2001) to high positive interest rates (in 2004-7) rendered equities unattractive. - Who Needs Investment Funds?
The credit and banking crisis of 2007-9 has cast in doubt the three pillars of modern common investment schemes. - The Shifting Sands of Finance Lingo
Fittingly, the word "broker" comes from the hedonistic French bon mot "brokiere", someone who opens bottles of wine (and then consumes their content - usually, at their clients' expense, needless to add). - The Greek-Macedonian Name Issue as a Moral Dilemma
Is changing Mr. Macedonia's name the only way to address the wrong done and re-assert the rights of Mr. Greece? - Cash is King
The US dollars and euros accumulated by the likes or Russia, China, Venezuela, South Korea, Vietnam, and Nigeria were invested in bonds issued by Western governments and institutions. - The Next Crisis: Imploding Bond Markets
As the Fed takes US dollar interest rates below 1% (and with similar moves by the ECB, the Bank of England, and other central banks), buyers are likely to lose interest in government bonds and move to other high-quality, safe haven assets. - Notes on the Credit Crisis of 2007-9
The global crisis of 2007-9 was, actually, a confluence of unrelated problems on three continents. - How the East will Ruin the West
As local currencies depreciate, debts, denominated in foreign exchange, grow more expensive to service. - Why Do We Love Pets?
But, why do people become pet-owners in the first place? - Why Some Governments Like Inflation
Some governments like and encourage inflation because inflation masks the true situation and makes them look good.
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