Reportagens no Planeta Management

O fim do século americano

Um livro publicado nos Estados Unidos afirma que a geopolítica entrou numa fase de transição. Paul Starobin, o autor, intitulou a obra sugestivamente: After America. Passaram 68 anos desde que o editor Henry Luce proclamou o “século americano” num editorial da revista Life, por ele fundada.

Retoma: o fantasma do modelo “japonês” ronda os países “ricos”

E depois da crise, no ‘Ocidente’? Assistiremos ao regresso do crescimento dourado ou da estagnação secular? Os economistas dividem-se. Os pessimistas falam de uma “retoma” anémica nos países “ricos”, da condenação a um crescimento de tipo “japonês”. Os optimistas vêm na inovação a luz ao fundo do túnel

Energy analyst Ed Morse: “A united Europe could greatly influence Moscow.”

An interview with Edward L. Morse, a former Deputy Assistant Secretary of State for International Energy Policy from 1979 to 1981, currently the Global Head of Research at Louis Capital Markets, a global independent broker-dealer.

O Manifesto de Paul Krugman: regresso a Keynes ou que mil flores floresçam?

A “loja” dos economistas está ao rubro. Um dos keynesianos mais reputados resolveu partir a loiça fabricada pela teoria da ‘eficiência dos mercados’. Paul Krugman vs. Eugene Fama, ainda que nenhum dos dois se refira ao outro. Mas muitos economistas, que têm intervido no debate, propõem um caminho nem unipolar nem bipolar, mas de debate diversificado e de investigação plural. Que várias escolas de pensamento floresçam – pode ser o mote.

The inside story of the Great Panic – Bernanke’s great war against Depression 3.0

“In Fed we Trust” (Crown Business, August 2009) is the first book about the stories of the ongoing crisis following the steps of its main world actor, Ben Bernanke, the FED (the US Central Bank system) chairman, just reappointed today for a second term (2010-2014) by American president Obama. An interview with the author, David Wessel, a Pulitzer Prize journalist and economics editor of The Wall Street Journal.

A regard from Asia. “This crisis has helped to accelerate the irresistible shift of power. There is no longer any question that the era of Western domination of world history is over.”

Interviews about the Day After the crisis. Jorge Nascimento Rodrigues with Kishore Mahbubani, the philosopher-diplomat, National University of Singapore: “The main reason why Asia is growing is that it is providing an explosive growth of brain power for the world. This brain power will deliver explosive innovations also”

The deflation scare was the biggest lie of the recent Great Panic

It was a spin operation says the English market analyst Adrian Douglas. This deflation scare remembers the Y2K announced chaos for January 1, 2000 because of a computer software bug. The Wall Street Journal called the Y2K «The Hoax of the Century», and its cost was estimated at $300 billion. We risk a new hoax that will cost us a bigger amount in the 21th Century.

The end of money manager financial capitalism

«This current crisis is probably so severe that it will not only destroy a considerable part of the managed money, but it has already thoroughly discredited the money managers. Perhaps this will prove to be the end of this stage of capitalism—the money manager phase. Of course, it is too early to even speculate on the form capitalism will take.»

Remembering Hyman Minsky – a conversation with L. Randall Wray

«The role of finance has to be fundamentally rethought»

An alternative to the current mess would be to rethink the very basis of banking and finance, the essence of the financial rent-seeking economic model developed since the 1970s. But it is truly a political question, not an economic one, although it is an interesting debate for economists. Voters at polls will decide: «Do people want that? I can’t answer that question for them», says Professor Jamie Morgan. In the Economics field, the 2007-2009 crisis just smashed a certain brand of applied monetarism and also a kind of bastard Keynesianism. More heterodox thinking is required.

A conversation with Jamie Morgan, University of Helsinki

The chief-economist the central bankers do not listened to

William White warned of the coming big financial crisis. But the selected “club” of central bankers ignored him. Great moderation, procyclicality, a monetary miracle-policy, the substantial decline in volatility, a stable economy with continued growth, an economy closer to the efficient frontier where the business cycles were “managed” and the crashes shorter and shorter, all this “optimistic” mantra was the mainstream economic thought over the last twenty years inside the central bankers system. And coupled with this paradigm, grown and reign the greatest ever known rent-seeking financial paradise. Suddenly in mid of 2007, two years ago, the reality engulfed the club. William was right, but it was too late. A conversation with this contrarian economist.