Wolf Richter: Job Cuts Pile Up
An increase in job cuts announced suggests an employment turning point is nigh.
Read more...An increase in job cuts announced suggests an employment turning point is nigh.
Read more...Rana Foroohar’s new book, Makers and Takers: The Rise of Finance and the Fall of American Business, addresses what Paul Ryan conveniently left out.
Read more...Rebellion watch: Why the natives will remain restless.
Read more...By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.
Read more...An update on the Brexit referendum.
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...This is a big week for the future of American industry. Chinese Premier Xi Jinping will meet one-on-one with President Obama on the sidelines of a summit in Washington. The Chinese will apparently use the meeting to make a new offer on a bilateral investment treaty that would pave the way for more foreign direct […]
Read more...Credit booms are not rare and usually precede financial crises. However, some end in a crisis while others do not. This column argues that credit booms start with an increase in productivity, which subsequently falls much faster during ‘bad booms’. When this decline is severe enough, it changes the informational regime in credit markets, leading to a drying up of credit. A crisis may be the result of an exhausted credit boom and not necessarily of a negative productivity shock.
Read more...A rout in world trade that started in June 2014 shows no sign of getting better.
Read more...Why do Democrats act like Republican wannabes with deficit scaremongering? Let us count the reasons: Wall Street, Pete Peterson, hatred of the poor…
Read more...The current and former governors of the Bank of England are singing from very different hymnals on the subject of Brexit.
Read more...Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
Read more...How many of the textbook explanations of the Great Depression were proven wrong, yet despite that, were misapplied to the Great Recession.
Read more...Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Trump’s tax plan reveals that his economic populism is three-card Monte.
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