Italy Announces Sketchy Plan to Bail Out Monte dei Paschi
The Monte dei Paschi domino is finally about to fall. But what does that mean in practice?
Read more...Category Archives: Economic fundamentals
The Fundamental Flaw in Muddied Brexit Thinking
Brexit negotiators seem clueless about how to get out of their own way. Here’s why.
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...Wolf Richter: Is it Just Trump Tower? Or is the Entire New York City Housing Bubble Unwinding?
To what degree is Trump Tower a canary in the coal mine for New York City’s residential real estate market?
Read more...Socio-Economic Determinants of the Italian Referendum Vote
More proof that the Italian rejection of Renzi’s constitutional reform referendum was not a simple “populist uprising”.
Read more...Bill Black: After 30 Years of Throwing Working People Under the Bus, Democratic Party’s “Centrist” Leaders Remain Clueless About Voter Revenge
The Democrats abandoned the working classes long ago and like an abusive spouse, never thought their victims would leave them.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Back From Full Employment To “Inclusive Growth”
“Inclusive growth” is economics NewSpeak for pretending to be concerned about the diminished opportunities for the middle and lower classes.
Read more...Europe’s Crisis Was Caused More By Reckless Lending Than By Reckless Spending
Remedies have failed to produced growth and lower indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core
Read more...Bill Black: Jobs, Jobs, Jobs – Not Austerity
Any plan by Democrats to “Help Working People” should begin with the word “jobs.” But an obsession with austerity makes that impossible.
Read more...Saudi Arabia Surrenders To U.S. Shale
Saudi Arabia has finally blinked. What does that mean in practical terms?
Read more...Macroeconomics in the Crossfire (Again)
Economists are finally ‘fessing up to the fact that macroeconomics was never all that good and has regressed in recent decades.
Read more...Can Uber Ever Deliver? Part Four: Understanding That Unregulated Monopoly Was Always Uber’s Central Objective
Why Uber’s goal is replacing urban car service with a higher cost, less efficient operation that would extract wealth from the public.
Read more...Wolf Richter: Italians Vote “No,” Renzi to Resign, Banking Crisis Now Looking for Taxpayers
Will the failure of Renzi’s constitutional referendum and resulting political uncertainty finally force Italy’s banking crisis to a head?
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