Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures
uropean creditors want to extract more blood from a stone, in this case Greece.
Read more...Category Archives: Economic fundamentals
Wait: Maybe Europeans are as Rich as Americans
Many Europeans argue that when you adjust nominally higher American incomes for how much we spend from our own pockets on healthcare plus the longer hours we work, we aren’t better off.
Read more...Liquidity Traps as Black Holes
Beware! Liquidity traps are even nastier than you thought.
Read more...Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs
Why are more and more prime age people refusing to take jobs on offer?
Read more...Mussolini-Style Corporatism, aka Fascism, on the Rise in the US
While the new neoliberal economic order is not a replay of fascism,, there is a remarkable amount of inhibition in calling out the similarities where they exist.
Read more...“Stunning” Rise in Death Rate, Pain Levels for Middle-Aged, Less Educated Whites
An HIV-level silent epidemic has hit less-educated, middle aged whites, with death rates rising, contrary to patterns in the rest of the world and in other US populations.
Read more...Who Benefits From Sovereign Debt Crises?
Even though the struggle over Greece’s bailout has receded from the news, with many countries carrying large debt burdens, the need to restructure sovereign debts is not going away. This Real News Network segment gives an overview of the state of play.
Read more...Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...What the Steve Jobs Movie Won’t Tell You About Apple’s Success
How Steve Jobs’ successes were government sponsored enterprises.
Read more...British Euroskeptics Go Off the Deep End, Flog Bogus Portugal “Coup” Meme
Making sense of the “overly dynamic” process of forming a new government in Portugal in the wake of an inconclusive election.
Read more...China’s Raging Bond Bubble Exposed
Yet another China risk warning.
Read more...Don Quijones: Barcelona Threatens to Print Parallel Currency, Madrid Seethes
Barcelona threatens to go rogue by issuing its own currency.
Read more...Weaker Unions Correlated with More Inequality, Higher Pay for Top Earners
The decline in union power plays an important role in explaining the rise in inequality in advanced economies.
Read more...Negative Real Rates Signify a Broken Financial System
How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Failure of Globalization and the Fourth Estate
“Free Trade,” the banner of Globalization, has not only wrecked the world’s economy, it has left Western Democracy in shambles.
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