We focus so much on the problems of western economies (and I'm going to continue doing so in this post) that we can lose sight of what's going wrong elsewhere. Are there any major economies that are actually positioned to dethrone the west?
The Eurozone Disaster: Between Stagnation and Stagflation
By Daniel Lacalle
"The problem of the eurozone is not China, rate hikes, or the Ukraine war. The curse of the eurozone is central planning. Subsidizing obsolete sectors and zombie firms, bloated government spending, and high taxes."
Exposing Our Fed-Driven Bubble Economy (A review of David Stockman's new book)
By David Gordon
"The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank."