Monday, July 16, 2012

Commentaries, Opinions, And Editorials -- July 16, 2012

How Close Are We To New Great Depression? -- Catherine Boyle, CNBC

The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.

“We’re in a very unfortunate position to be here,” Richard Duncan, author of The New Depression, warned on CNBC’s “Squawk Box Europe” Monday.

“When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression,” he argued.

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Commentaries, Opinions, And Editorials

What will Morsi do about Syria? -- Cumali Önal, Today's Zaman

Clinton’s interference has angered Egyptian liberals
-- Linda S. Heard, Special to Gulf News

New Pipelines Will Reduce Tehran’s Power -- Max Boot, Commentary

Islam key to Afghan Dream -- Imam Feisal Abdul Rauf and Daisy Khan, Special to CNN

U.S. is moving too fast on Burma -- Michael Green and Daniel Twining, Washington Post

South Korea: A deal too far with Japan
-- Aidan Foster-Carter, Asia Times

Is Isolated Taiwan Propping Up Dictators? -- Cain Nunns, The Diplomat

Spain Awaits Cash Injection As Reforms Fall Short -- Deutsche Welle

Greece: The end of the European dream? -- The Cafe/Al Jazeera

Dilemma for Greek youth: Fight or flee -- Irene Chapple, CNN

Impasse in El Salvador -- Washington Post editorial

Hardheaded Socialism Makes Canada Richer Than U.S. -- Stephen Marche, Bloomberg

Today's Kids Inherit World Reverting To Barbarism -- Mark Steyn, Investors.com

Why NOT make Olympic uniforms in China? -- Daniel J. Ikenson, Special to CNN

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