Economy

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Exports to Mars

Are aliens buying Louis Vuitton handbags, the Economist asks. Hereโ€™s the fact that might make you think they have a point: Adding up all imports and exports worldwide should bring you to zero. In 2010 however, the entire world exported $331 billion more than it imported. So โ€“ super-rich Aliens aside โ€“ why is that? The Economist has the full story.

From Weekly Filet #43, in November 2011.

Hereโ€™s What The Wall Street Protesters Are So Angry About

So what exactly is it that the people on Wall Street (and increasingly elsewhere) are protesting against and how valid is their point? Whatโ€™s behind catchy slogans like โ€œWe are the 99%โ€ and #occupywallstreet? The Business Insider has gone the extra mile to compile a wealth of data on the state of the economy and the distribution of wealth. Those charts make for pretty good reasons to take to the streets.

From Weekly Filet #39, in October 2011.

Global Economic Downturn: A Crisis of Political Economy

โ€œFor classical economists, it was impossible to understand politics without economics or economics without politics.โ€ This is the premise for George Friedmanโ€™s sharp state-of-the-world analysis. If you are, like me, increasingly overwhelmed by the current economic developments, this is the right article for you.

From Weekly Filet #32, in August 2011.

Too Big To Fail

Block 90 minutes of your weekend, now. HBO, known for their award-winning documentaries, have turned the eruption of the 2008 financial crisis into the obvious: a thriller โ€“ or, as you might want to call it, a thrillumentary. Based on the book by New York Times writer Andrew Sorkin, โ€œToo Big To Failโ€, they recap the dramatic events before and right after the collapse of investment bank Lehman Brothers. A captivating story of big money, bigger egos and looming disaster. The film is not officially available yet โ€“ so Iโ€™m pointing you to the extended 18-minute trailer โ€“ but Iโ€™m sure you can think of ways to watch the entire film.

From Weekly Filet #22, in June 2011.

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