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กำลังแสดงโพสต์จาก พฤศจิกายน, 2011

The Twin Bubbles : Housing and Oil (abridged from the New Golden Age written by Ravi Batra)

บทความโดย วรรณพงษ์ ดุรงคเวโรจน์
THE TWIN BUBBLES: HOUSING AND OIL (Abridged from The New Golden Age written by Ravi Batra)             The year 1973 is turning point in the economic and social annuals of the U.S. At that time, the real wage began decline for the majority of American workers despite raising its productivity. Also, it’s the year that an Arab Cartel (OPEC) imposed an oil embargo on the U.S. and the rest of the world. As a result, the oil price jumped fourfold and never to fall back to the previous level again. So, it started a severe period of “asset-market bubbles” because it causes the economic chaos. From 1930, bubbles disappeared under the onslaught of economic reform by Pres. Roosevelt in the New Deal. However, the bubbles returned in 1973, they have been hopping from financial bubbles to another. Prices of variety of goods have surged, sunk and surged again. Also, oil, stock, bonds, gold, silver, platinum, and housing all seem to have moved in a up-and-down rhyme that…

China 12th Five Year Plan : Aggressively address climate change

บทความโดย วรรณพงษ์ ดุรงคเวโรจน์



            As people known, China is the most populous nation and also one of the largest countries with the third biggest landmass, after Russia and Canada. The Chinese economy is the most rapidly growing economy on earth within 25 years. Yet China is also struggling to problem of the poverty. Even though China’s GDP was high but when divided by population (real per capita GDP), it’s less than Thailand and many countries in Asia. The World Bank however promoted China from the “lower income” to “lower middle income”. China’s remarkable growth over 25 years since 1978 came with the burden of environmental degradation and has come at a step cost to the environment. Environment degradation has imposed a serious cost on the Chinese economy and reduced the serenity in living in society. We can divide the environmental problem into two groups. The first group refers to pollution. It composes of air pollution, water pollution, shortage of fresh water, and haza…