Timing Difficulty.

Nikkei Business., 28th September 2004 Few economists expected the weakness shown by Japan’s economy in the second quarter of the year. This is part of a worldwide trend as similar errors were made in the US, eurozone and UK. Economists, it seems, are not good at...

The Economic Consequences of Alan Greenspan.

Andrew Smithers & Stephen Wright. World Economics Vol 3 No. 1 January-March 2002, 1st January 2002 Introduction The current troubles of the US economy, and the prolonged problems in Japan, have both followed sharp falls in their stock markets. Whether central...