How ‘Competitiveness’ Became One of the Great Unquestioned Virtues of Contemporary Culture
How political authority has legitimated and promoted the questionable goal of competitiveness.
Read more...Category Archives: Economic fundamentals
Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Michael Hudson: Obama Said Hillary Will Continue His Legacy – and Indeed She Will!
An update on Hillary’s coronation.
Read more...Do “Unconventional” Monetary Policies Work?
A skeptical look at unconventional monetary policies: quantitative easing, ZIRP, and negative interest rates.
Read more...Oil Industry About To Be Burned Again By Fall In Oil Prices
Easy access to capital has driven oil prices lower and is likely to do again as E&P’s directly invest in more rigs ahead of demand.
Read more...The Immorality and Brutal Violence of Extreme Greed
Yves here. Please welcome guest blogger #SlayTheSmaugs. For those of you who have neither read The Hobbit nor seen the movies, “Smaug” is probably a meaningless word. In The Hobbit, Smaug is a massive and vicious dragon. He sits on a pile of gold and jewels that would bury a football stadium’s grass several feet […]
Read more...Another Nail in the Brexit Fantasy Coffin: Germany’s Car Makers Are Not Cowed
More evidence that the idea that the UK would have a negotiating advantage in Brexit talks is not well founded.
Read more...What Next for the EU?
An informative, high-level overview of how the EU got to where it is now, its internal contradictions, and the prospects for resolving them.
Read more...Investment Implications of the Rise of the New Lumpenproletariat and Political Shocks
How rising numbers of the new lumpenproletariat, meaning contingent and least-paid workers, are reshaping economies and politics.
Read more...Bullish Economists Are So Yesterday
The confidence fairy is having trouble getting liftoff.
Read more...How Finance Costs Too Much and Fails to Deliver
The costs of looting by the financial services industry are even more staggering than you probably imagined.
Read more...Beyond Credit Rating to Stabilizing an Unstable Economy
The third part in a three-part series on how to fix what is wrong with credit rating agencies.
Read more...Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Instability in Capitalist Economies and a Better Way to Think About Credit Risk
Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.
Read more...Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago
Irish growth is even phonier than the media would have you believe.
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