Wolf Richter: IPO Window Suddenly Closes, “Worst Year Since 2009,” Worst December Since 2008
The IPO market shutting down does not bode well for private equity returns, and may be sending a warning about real economy prospects.
Read more...Category Archives: Economic fundamentals
Randy Wray: Debt-Free Money and Banana Republics
Objections to the notion of debt-free money.
Read more...No Accounting for Accounting: A Review of Michael Perelman’s “Railroading Economics”
Is accounting suitable as a basis for business rationality?
Read more...Michael Hudson: The IMF Changes its Rules to Isolate China and Russia
How the West is deploying the IMF to fight the nightmare scenario of US geopolitical strategists: foreign economic independence from the US.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...Why We Brits Should Vote for Brexit
Why England would be better served by leaving the European Union.
Read more...Ilargi: Marine Le Pen Will Reap What The EU Has Sown
Thanks to EU and Eurozone misrule, Le Pen is right when she says: “Nothing can stop us”.
Read more...Matias Vernego: Neoliberalism Resurgent: What to Expect in Argentina after Macri’s Victory
The election of businessman Mauricio Macri to the presidency in Argentina signals a rightward turn in the country and, perhaps, in South America more generally. Macri, the candidate of the right-wing Compromiso para el cambio (Commitment to Change) party, defeated Buenos Aires province governor Daniel Scioli (the Peronist party candidate) in November’s runoff election, by less than 3% of the vote.
Read more...Ilargi: CON21
To halt the demise of the planet, you can’t rely on the same people who cause it.
Read more...How Economics and Race Drive America’s Great Divide
On how race plays into the operation of a “dual economy”.
Read more...US Life Expectancy Flat for Third Year
The fact that life expectancy in the US is no longer rising, in a time of economic growth, is yet another sign of underlying societal decay.
Read more...Demise of the US Middle Class Now Official
A study by Pew gives a new look at the fall of the middle class and how the accompanying rise in income stratification is playing out.
Read more...The Puzzle of Technical Dis-Employment and Productivity Slowdown
How can recent technical change could both be a major source of dis-employment and not be associated with productivity improvement?
Read more...Is France Building an Apartheid State?
In France, members of Arab and African communities languish in a spiral of poverty, relegated to second-class citizenship and physically separated through deliberate planning.
Read more...Wolf Richter: US Exports & Manufacturing Debacle Covered up by Oil
What the regional manufacturing indices have been saying loud and clear for months have gotten further confirmation….
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