Will Disappointing Tax Reform Puncture the Stock Market Bubble?
Why the Trump tax reform is likely to be a damp squib.
Read more...Category Archives: Economic fundamentals
Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...Life’s a Pitch
Another sign of economic insecurity: the pitch economy, where competition becomes more and more degrading.
Read more...How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...Why Is The Fed Raising Interest Rates As Fast As It Is?
Musing on why the Fed is so eager to raise interest rates.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Wolf Richter: Worst Restaurant Recession Since 2009 Dings Inflation
Stagnant restaurant sales show consumers are tapped out.
Read more...How to Break Austerity-Induced Stagnation?
The costs of sticking with obviously failed austerity policies just keep rising.
Read more...Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better
It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.
Read more...Facebook Now Out to Squish Even Newbie Potential Competitors
The Wall Street Journal gives a case study on how Facebook hounds even small fry competitors.
Read more...Flagging Productivity Growth – How Much Is Due to Bad Management?
Have management fads contributed to the fall in productivity growth?
Read more...Democrats Pushing the “Compete” Word to Justify Doubling Down on Failed, Middle-Class Destroying Neoliberal Policies
Democrats are now telling voters they only need to compete better…and offer policies that have repeatedly failed to “help”.
Read more...Austerity in One Country: The Case of Britain
A devastating review of the recent history of austerity in the UK.
Read more...Struggling but Stuck in Rural America
The Wall Street Journal describes why it’s so hard to escape struggling rural towns. Too bad its readers will hear none of it.
Read more...Why Tax Cuts for the Rich Solve Nothing
An update on Republican tax cut plans, and why they are economic chicanery.
Read more...