Satyajit Das: Age of Stagnation or Something Worse?
In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...Category Archives: Economic fundamentals
Should Argentina Now Pay the Ransom to Its Hostage-Takers?
Argentina’s vultures keep pressing for higher and higher settlement terms, while giving the impression that at some point they would settle. What is the end game?
Read more...Eurobanks: The Probable Point of Failure as Systemic Stress Rises
Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...Can Mass Migration Boost Innovation and Productivity?
Mass migration is getting a bad rap. Is it entirely deserved?
Read more...Former Central Banker William White on the Failure of QE, Danger of Negative Interest Rates
Former Bank of International Settlements chief economist William White criticizes central bank policies sharply, particularly negative interest rates.
Read more...Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering
Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.
Read more...Technology and the Future of Work
Discussions of technology-driven change fail to distinguish between productivity-enhancing technology and disruptive technology.
Read more...Bill Black: The AEI and Brookings Sell Marriage as the Solution for Poverty
Marriage is the new cheap fix for poverty…which means by implication that single low income women are a new category of the undeserving poor.
Read more...Money and Banking – The Fed and Monetary Policy
A very readable, information-rich post on what the Fed does and does not do, with emphasis on the nitty-gritty of monetary policy. If you are time-pressed, read the last item in the FAQ first, which is a terse item-by-item debunking of widely made, inaccurate statements about the Fed.
Read more...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...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.
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