Why the Market Freakout About Bank Stocks is Well Warranted
Bad loans are not the only reason to worry about banks. ZIRP and negative interest rates will bleed them to death, and Eurobanks are at real risk of bank runs.
Read more...Category Archives: Economic fundamentals
It’s Not Just TPP. Can a President Kill NAFTA? Al Gore Thought So. Hillary Clinton Too.
Given what Hillary and Gore have said about Nafta, it’s time to ask candidates much more pointed questions about Nafta and the TPP.
Read more...Wolf Richter: What the Heck is Going on in the Stock Market?
Even Moody’s which is always late to the party with its warnings – but when it does warn, it’s a good idea to pay attention – finally warned: “Don’t fall into the trap of believing all is well outside of oil & gas.”
Read more...Positive Money in Action
Positive Money boosters have failed to consider (or perhaps have failed to publicize) is that it would necessitate draconian controls to prevent the creation of private credit.
Read more...Capital Bleeds from Emerging Asia
2015 was a terrible year for emerging markets, not just in terms of trade in goods and services, but also capital exit.
Read more...Trump’s Neofascism Isn’t Going Away, Even if Trump Does
Trump represents a new strain in American politics: low wage full employment and the protection of the status of big business through violent discipline.
Read more...New York Times’ Bank-Boosting, Neoliberal-Excusing Story of the Global Debt Hangover
A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.
Read more...Explaining Why Federal Deficits Are Needed
Why you should expect and applaud federal deficits.
Read more...Clinton Campaign Goes on Tilt as a Result of Dead Heat With Sanders in Iowa
The Clinton campaign is on the back foot. And it is a spectacle to behold.
Read more...Is the Saudi Market Share Strategy Backfiring?
The Saudis appear to have bitten off more than they can chew.
Read more...Why the Neoclassical Story About German Wage “Moderation” Causing the Eurozone Crisis is Wrong
Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.
Read more...Chinese Slowdown and the World Economy
China’s slowdown started years ago, not last year. And the impact on the US is likely to be lower than news reports would lead you to believe.
Read more...Wolf Richter: Inadequate Corporate Investment Falls Even Further
Lousy levels of corporate investment are only getting worse….much worse.
Read more...Office of Financial Research Warns of Corporate Debt Defaults, Particularly Related to Energy Loans, as Stability Risk
Nothing like the downgrades and the prospect of default to focus the mind….
Read more...Are Economists in Denial About What’s Driving the Inequality Trainwreck?
Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties.
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