Did Canada’s Middle Class Just Get More Affluent Than the US’s, or Did that Happen Long Ago?
The media understates how much the prosperity of the US middle class has fallen on a relative basis.
Read more...The media understates how much the prosperity of the US middle class has fallen on a relative basis.
Read more...Randy Wray clears up some of the “bizarre” claims that have been made about Modern Monetary Theory
Read more...China’s increasing debt level has goosed the economy. What form might the hangover take?
Read more...A fresh look at historical data shows how the relationship between unemployment and wage growth changed radically starting in 1981.
Read more...How the Troika is overriding national constitutions and popular will to strip-mine Europe’s periphery countries on behalf of banks.
Read more...Yves here. This post is a devastating critique of current Fed policy. But Alford sets his stage carefully before delivering his conclusions, so don’t be deceived by the tone of the early sections.
Read more...The enormous number of people who work only part-time for economic reasons is one the tragedies of the unemployment crisis in this country. And that started before the financial crisis.
Read more...Michael Hudson gives an update on the West’s resource grab in the Ukraine
Read more...Mr. Market was not happy with today’s jobs report. While it was not that bad, the ADP report earlier in the week had led investors to hope for better details.
Read more...How the IMF has been devising even nastier versions of its austerity hairshirt in recent years.
Read more...Yves here. Das wrote this post to commemorate the anniversary of the collapse of Rana Plaza in Bangladesh, which killed over 1100 garment workers.
Read more...Yves here. This piece by Bill Black not only does a great job of kneecapping some typically poor MSM reporting, but it’s also valuable as a high-level overview of the insanity of European economic policies.
Read more...Yves here. Michael Hudson gives a short, persuasive explanation of the real reason the US and the IMF are bailing out the Ukraine. Hint: it’s not the reason you read in the American press.
Read more...Some people often ask why I complain about Krugman. “Hey Phil, Krugman is a good guy. He likes government spending. You like government spending. Therefore you must like Krugman,” says our budding young Socrates. Well, I’ll tell you why….
Read more...Could the U.S. unleash a flood of oil from the strategic petroleum reserve that would drive down prices in order to punish Russia?
Read more...