globalization

Earnings season is upon us once again, and if initial pronouncements are any indication, corporations are delivering returns 35% above the same quarter of a year ago. Earnings are great, but “guidance”, the harbinger of things to come, is…

This post has been written by Bruce Greenwald and reproduced here with his permission Indian growth is going to depend overwhelmingly on what happens locally in India. The reason India and China went from being peripheral players in…