Ilargi: China Relies On Property Bubbles To Prop Up GDP
More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.
Read more...Category Archives: Economic fundamentals
Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...Trade Globalisation in the Last Two Centuries
Trade globalization started earlier than most economists realize, undermining conventional stories about how it came about.
Read more...Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks
The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.
Read more...Report: Why We Need to Tax Corporations Now, More Than Ever
Why the idea that corporations should get favored tax treatment is dubious.
Read more...The City Will Decline—and We Will Be the Poorer for It
What might Brexit-induced losses to the City cost the UK economy?
Read more...US Commercial Real Estate Markets Are Sinking….Again….
US commercial real estate is starting to slide…a blip or a trend?
Read more...The Charade That Deters the Use of “Direct Spending” to Fund Federal Operations
Why do so many people recoil at the idea that Federal spending does not depend on taxation?
Read more...Japan Isn’t Playing Neoliberalism’s Word Games
Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
Read more...Is Fiscal Policy for Prosperity Back in Place of Austerity?
Austerity appears to be quietly going out of fashion.
Read more...Japan Throws Spanner into Brexit Negotiations
Multinationals just weighted in on the Brexit talks, in the form of a letter from Japan’s government.
Read more...Why Behavioral Economics Is Really Marketing Science
Not only do economists ignore the role of banks in their models, they also omit marketing and the malleability of consumer preferences.
Read more...Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
Warning to capitalists: the high levels of inequality of the deregulated Gilded Age led to concerted and effective pushback by workers.
Read more...Revealed: ECB Secretly Hands Cash to Select Corporations
Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
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