China’s Stock Market Collapse
Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.
Read more...Category Archives: Economic fundamentals
Don Quijones: Businesses Flee Catalonia, Foreign Investment Plunges, as Confrontation with Spain Comes to a Boil
The issue of Catalan independence is no longer one based on pragmatic realities; as tensions have festered, it has become an almost purely emotionally driven issue, not just in Catalonia but throughout Spain.
Read more...Campaign 2016: Where Are The Candidates On Energy?
With the 2016 campaign underway too early for comfort, some of the candidates are starting to state their energy policies.
Read more...The Challenges of the Greek Crisis
An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...The Ideology of the S&P Threat to Downgrade Brazil to Junk
Why you should look hard at the rationales and motives of ratings agencies like S&P in giving sovereign debt downgrades.
Read more...Gaius Publius: The Rorschach Candidacy of Hillary Clinton
What you can learn from applying the Hillary Clinton Rorschach test to friends and family!
Read more...Lies, Damned Lies, and Greek Statistics
A detailed account of the long and tortured history of budget fakery in Greece and how it is has been aggressively defended by successive Greek governments. A tidbit from the post: one section is labeled “When revising wrong statistics is treason.”
Read more...Wolf Richter: Housing Bubble Means American Dream Withers at Record Pace
Despite the current housing “buying panic,” the soaring prices, and all the hoopla round them, there is a fly in the ointment: overall homeownership is plunging.
Read more...China’s Stock Market Falling Off a Cliff: Why, and Why Care?
What explains the turmoil in Chinese stock markets, and what does it mean for the rest of the world?
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...The Previous Sole Superpower: From the Opium Wars to the Origin of the Species
The Opium Wars illustrate the brutal effectiveness of Great Britain’s use of a particular notion of freedom as a means of conquest.
Read more...Mathew D. Rose: The Crisis In Europe Has Only Just Begun
The larger political and economic costs of the crisis in Greece and Europe are only starting to come to light.
Read more...Don Quijones: The Mother of All Storms Builds Over Catalonia’s Independence
What first appeared as reduced tensions between Madrid and Spain’s north-eastern province was merely the calm before the mother of all storms.
Read more...Reducing Risk-Taking by Regulating Bonuses: EU vs US Dodd-Frank
Bankers whinge about how much tougher their lives are in the post-crisis world. That is no small degree to central banks’ efforts to prop them up having caught up with their bottom lines
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