Why Are Bankrupt Oil Companies Still Pumping?
How bankrupt oil companies are messing up the oil “recovery”.
Read more...Category Archives: Economic fundamentals
Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...The Rise of the Right Wing Populist: Blame It on the Banks
Contrary to popular belief, the shift to the right is not due to immigration as much as the financial crisis and its aftermath.
Read more...Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
Read more...Youth Unemployment in the Mediterranean Region and its Long-Term Implications
The data on European youth unemployment is sobering, and the migrant influx is making a bad situation worse.
Read more...Open Thread: Reader Takes on Sanders/Clinton Brooklyn Debate
Seeking reader reactions to last night’s Sanders/Clinton debate.
Read more...Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
With friends like Merkel’s, who needs enemies?
Read more...Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
Read more...Martin Wolf Defends Central Banks’ Negative Interest Rate Policies
The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.
Read more...Intra-EMU Divergence Is A Feature Not A Bug
Yves here. I’m leery of reinforcing the “competitiveness” meme, since it’s based on the false premise that all countries can be exporters. But this article nevertheless makes important observations about Eurozone structural flaws.
Read more...Fed Suddenly Having Emergency Meetings as European Banks Also Wobble
The Fed is suddenly looking very nervous, and by contrast, the Europeans don’t seem anywhere nervous enough on the banking front.
Read more...Can We Cut Carbon Emissions and Still Have Economic Growth?
This Real News Network segment marshals data to make a provocative argument: there are more ways to decouple carbon emissions and GDP growth than most observers believe.
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