How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...Why England would be better served by leaving the European Union.
Read more...What the regional manufacturing indices have been saying loud and clear for months have gotten further confirmation….
Read more...uropean creditors want to extract more blood from a stone, in this case Greece.
Read more...Governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom.
Read more...Beware! Liquidity traps are even nastier than you thought.
Read more...Yet another China risk warning.
Read more...Barcelona threatens to go rogue by issuing its own currency.
Read more...We don’t have the TPP text, ISDS is just as bad as it’s always been, and deals like this have been beaten before.
Read more...An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?
Read more...Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.
Read more...Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...Mind you, the rating agencies are far from the only neoliberal enforcers as far as emerging economies are concerned. But it is nevertheless instructive to compare an official rationale with data.
Read more...Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
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