Category Archives: Economic fundamentals

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.

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.

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.

Explaining Why Federal Deficits Are Needed

Why you should expect and applaud federal deficits.

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.

Is the Saudi Market Share Strategy Backfiring?

The Saudis appear to have bitten off more than they can chew.

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.

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.

Wolf Richter: Inadequate Corporate Investment Falls Even Further

Lousy levels of corporate investment are only getting worse….much worse.

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….

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.

Former BIS Chief Economist Warns of Massive Debt Defaults, Need for Debt Jubilee; Fingers Europe as First in Line

Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.

Wolf Richter: Moody’s Explains Why Junk Bonds Will Sink Stocks Further

Why the high risk spreads in the junk bond market bode ill for the stock market.

Ilargi: Square Holes and Currency Pegs

The difficultly of maintaining currency pegs, most important the renminbi and riyal versus the dollar, will put even more stress on financial markets.