Ilargi: Sucking Spoilt Milk From A Bloated Dead Sow
Ilargi describes why the US is not a democracy, it is not the supreme leader of the world, and the American economy is not in recovery.
Read more...Category Archives: Economic fundamentals
How Much Did Your Economy Suffer in the First Quarter?
We poll members of the commentariat for readings on the state of their local economy.
Read more...How Shale Is Becoming The Dot-Com Bubble Of The 21st Century
The parallels of the dot com era with the shale boom are simply stunning as most E&P companies need to spend well over their operational cash flow.
Read more...Ridiculing Concerns About TPP Tyranny
Yes, Virginia, the TPP is at least as bad as its critics say it is.
Read more...Witnessing A Fundamental Change In The Oil Sector
The U.S. oil production decline has begun.
Read more...Wolf Richter: Manufacturing Falls Apart in the Middle of the US
Key manufacturing indexes in the heartlands are flashing red.
Read more...The 23 Count Indictment of the TPP
This post will serve to remind you: call your Representative (contact info here) and Senators (contact info here) today and tell them in no uncertain terms that you expect them to vote against Fast Track authority.
Read more...Satyajit Das: Two Views of Japan’s Setting Sun
Das discusses two recent books on Japan, and both provide windows on how Japan is coping with its now lost two decades. One of them is by Tag Murphy, who I met in my days in Japan and has long been a very insightful commentator. As I said at the Atlantic Economy conference, rather than trying to “jump start the economy,” which would take more radical restructuring than they are willing to engage in, the top wealthy might be better served to worry about managing low growth better. And for its many flaws, egalitarian Japan has muddled through a far more severe bubble and bust with more grace than we have.
Read more...Eurogroup Demands Varoufakis’ Ouster; Trajectory Toward Default Continues
In case you had any doubts that Greece is supposed to act like a good debt vassal, the Eurogroup’s hissy fit over Yanis Varoufakis at last Friday’s meeting, which stoked a raft of unflattering articles, has now led it to demand to that Greek government remove him.
Read more...Greece Talks With Eurogroup Hit “Complete Breakdown”
The Greek negotiations with the Eurogroup are exemplifying the saying, “Things look the darkest before they go completely black.”
Read more...Pettifor Warns of GFC 2.0 Approach
Yves here. This is a short but important debate over how much to worry about the upcoming train wreck in emerging markets when the Fed finally gets around to tightening. Pettifor sees it as a potential global crisis event; Macrobusiness sees it as a typical emerging markets bust. The Pettifor viewpoint seems more on target. First, […]
Read more...Greece Endgame Nears
Despite the market jitters of last Friday, which were triggered in part by the recognition that the odds of Greece reaching a deal with its creditors are far lower than had been widely assumed, Greek-related coverage has ratcheted down, even as Greece seems certain not to get any funds released in the April 24 Eurogroup meeting and is very likely to miss the end of April deadline for getting its reforms approved by the Troika and Eurogroup.
Read more...Nobel Prize Winner Robert Merton Slams Fed for “Negative Wealth Effect” Policies
Nobel Prize winner Robert Merton and Arlin Muralidhar have charged ZIRP and QE happy central banks with economic malpractice.
Read more...How the Federal Reserve Is Destroying Your Economic Future
How Fed policies exacerbate inequality and dampen growth.
Read more...Elizabeth Warren Throws Down Gauntlet, Calls for Genuine Financial Reform
Elizabeth Warren makes a bold call for wide-ranging, serious financial reform.
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