The U.S. economy is at present being hit by three simultaneous shocks that threaten a nasty recession that will more than likely unleash strong deflationary forces.

Simultaneous shocks to the economy may push theUnited Statesinto a prolonged recession that will further intensify the credit crisis once the temporary tax rebate plan fades.

We need good economics over politics, now more than ever. That means sensible tax reform, a Fed focus on maintaining liquidity, and rationalization of the European monetary system.

The European Monetary Union will break down, and Europe will be better off for it, notwithstanding widespread warnings from European politicians of what an "unthinkable" disaster its breakup would be.

This paper considers current problems in what is often termed the "global financial architecture" and proposes a set of solutions to those problems.

What is so special about hedge funds? How do they relate to mutual funds?

August is the month when the world's movers and shakers, in search of a little peace and quiet, hope that nothing big will happen. Of course, for precisely that reason, major events in the political and the financial world often do occur in August.

August is the month when the world's movers and shakers, in search of a little peace and quiet, hope that nothing big will happen. Of course, for precisely that reason, major events in the political and the financial world often do occur in August.