Trump’s America Last
Why Trump’s rejection of the Paris Accord is a prescription for American non-competitiveness.
Read more...Category Archives: Economic fundamentals
No, Record Jobs Openings in JOLTS Do Not Mean That Everything Is Teh Awesome!
A look at the latest not-as-rosy-as-it-seems jobs data release.
Read more...Measuring the Impact of Immigration on Wages: The Mariel Boatlift Controversy
125,000 mainly low-skill Cuban immigrants arrived in Miami in 1980. Economists are still debating whether they lowered local wages.
Read more...Starved School Budgets Across the US: A Symptom of Education Funding Crisis
School budgets are in worse shape in many parts of the US than you might have imagined.
Read more...Pharmaceutical Industry at Risk from Brexit
Yet another potential Brexit casualty….
Read more...Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Europe’s Faustian Bargain with Big Finance
An overview of the cost of Europe’s failure to rein in its financial institutions and the options for bank and Eurozone reform.
Read more...Debt Relief or a Fourth Financial Assistance Program for Greece?
Greece continues to be broken on the rack of austerity. How far might the IMF’s insistence on reducing the pain level actually get?
Read more...Gaius Publius: The Dying Fossil Fuel Industry
The oil industry is on a downward trend, and the trajectory could be faster than most anticipate.
Read more...The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class
Discusses twin diseases stymieing US middle-class– secular stagnation and the polarization of jobs and incomes– and potential policy cures.
Read more...Trump Treasury Secretary Steve Mnuchin Renounces Commitment to Glass-Steagall While Saying He Isn’t
Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...Mr. Market Starts to Question Trump Trade Delusion
A look at the “Trump trade” pearl clutching yesterday.
Read more...Wolf Richter: Did Cisco Just Say Demand is “Very Lumpy?”
Look out below: Cisco has a history of being the canary in the coal mine at market turns.
Read more...Hayek and Neoclassicals Meet Information Theory and Fail
Why the left doesn’t need to engage Hayek, Friedman, and neoclassical economics but should instead argue from information theory.
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