Academic paper of Finnish Economist Tatu Westling
The size of male organ is found to have an inverse U-shaped relationship with the level of GDP in 1985. It can alone explain over 15% of the variation in GDP. The GDP maximizing size is around 13.5 centimetres, and a collapse in economic development is identified as the size of male organ exceeds 16 centimetres. Economic growth between 1960 and 1985 is negatively associated with the size of male organ, and it alone explains 20% of the variation in GDP growth. With due reservations it is also found to be more important determinant of GDP growth than country’s political regime type.
Is a very elaborate joke on much economic literature.
Creates a new street and public space connecting the Dean Street Tube to Fitzrovia and removing the awful Royal Mail’ Rathbone Place depot there at the present. Called Newman Place.
The infamous failed Dubai failed megaproject is being sold for those ‘country’ islands in default, according to Arabian Business
A number of owners of islands on the troubled offshore project are in default, the developer confirmed. Nakheel is embroiled in at least 12 legal cases relating to The World. “We confirm that we have had interest from purchasers and the properties are currently being priced,” a spokesperson from Nakheel said in a statement.
Report in the Telegraph today which foreshadows a sharp contraction this Winter
Real M1 deposits in Italy have fallen at an annual rate of 7pc over the last six months, faster than during the build-up to the great recession in 2008,” said Simon Ward from Henderson Global Investors.
Such a dramatic contraction of M1 cash and overnight deposits typically heralds a slump six to 12 months later…
The real M1 data show countries are vulnerable. There have been sharp contractions in Austria and Belgium. The Netherlands and Germany are negative.
The ECB believes sluggish money supply figures reflect the reduction of an “overhang of liquidity” left from before the crisis and are benign.
This is not an ‘overhang of liquidity’ it is a debt and deleveraging problem, as Mervyn King Rightly says, caused by the credit accelerator.