In a slowing global economy, eyes turned to Shanghai where G20 finance ministers and central bankers sat down February 26-27 to assess the worsening outlook, and agree on what to do together.
As the capitalist class gathers this week for the World Economic Forum, the corridor talk is going to be about the collapsing price of share capital, as stock markets tumble around the world.
Was there any concrete economic reason for Stephen Harper to call Bank of Canada Governor Stephen Poloz this week, as global stock markets continued their gyrations? Not really, no.
A central banker that feels the need to defend himself is never a good thing. It leaves the impression of someone who second-guesses himself. Is it time for Stephen Poloz to remain quiet?
A small Toronto think-tank has been winning court battles that would oblige the government to borrow money from its own bank rather than impoverishing itself in the interests of finance capital.
While Angela Merkel is ranked the most powerful woman in the world, Janet Yellen has come forward as the most important voice, suggesting that wage deflation dampens economic recovery.
Each year in August, the Federal Reserve Bank of Kansas City brings world central bankers and top economists together to brainstorm about global finance.