Chaos Theory, Shocks, and Fragility, Australia and Elsewhere
Australia and other countries had the opportunity to reduce financial fragility. They may soon discover the cost of doing too little.
Read more...Category Archives: Economic fundamentals
Curbing Monopolies Promotes Growth, Lowers Inequality
More aggressive anti-trust enforcement, not surprisingly, would spur growth and help the poor.
Read more...French President Threatens to Outlaw Protests Against Labor Reforms
An update on the labor protests in France.
Read more...Unequal Gains: American Growth and Inequality Since 1700
American history suggests that inequality is not driven by some fundamental law of capitalist development, but rather by episodic shifts in five basic forces: demography, education policy, trade competition, financial regulation policy, and labour-saving technological change.
Read more...Wolf Richter: These Debt Slaves are the Government’s Largest Asset Class, and It Will Haunt the Economy for Years
Student debt isn’t just a millstone around young people’s necks; it’s weighing down the economy.
Read more...Need a Loan in China? Hand Over a Nude Photo
Lender demands in China as a sign of credit stress.
Read more...Location, Location, Location: The Persistence of Fortune
Yves here. This intriguing paper curiously fails to consider how climate change can (will) affect the patterns they describe. And it also fails to give clues as to why some cities keep gaining population and income and others fall by the wayside. For instance, Atlanta and Birmingham, Alabama were of comparable size in the 1970s, […]
Read more...More Collateral Damage From Negative Interest Rates (Updated and Corrected)
Spain demonstrates some of the costs and dislocations created by negative interest rate policies.
Read more...Bond Market Flight to Safety as Investors Sweat Over Brexit Risk, Wobbly US Economy, Negative Rates
Investors got a big dose of bad news about the economy and geopolitics and reacted accordingly.
Read more...“Finance is Just Another Industry”
A debunkng of the claim that finance is special and should be treated accordingly.
Read more...Vancouver Mayor Mulls Empty Homes Tax
Vancouver ponders a long-overdue measure to target residential real estate warehousing.
Read more...Banks Rebel Against Negative Interest Rates
Banks have had it with negative interest rates and are starting to push back.
Read more...Michael Hudson: Millions Around the World Fleeing from Neoliberal Policy
Hudson tallies the high cost of neoliberal ideology.
Read more...Why So Many Americans Are Voting Against the Status Quo, in One Chart
This chart shows how much the bottom 90% has lost ground while the top 10% has pulled away.
Read more...Wolf Richter: What Makes This Jobs Report So Truly Ugly?
Last week’s job report was not only disconcerting in and of itself, but it also bodes ill for labor market prospects.
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