Ilargi: A Stampede of Elephants in the China Shop
On the danger that China’s overgrown shadow banking system poses to the economy, and the practical and political obstacles to curbing it.
Read more...Category Archives: Economic fundamentals
The BLS Jobs Report Covering April 2014: A Tale of Two Contradictory Reports And Deeply Mixed Messages
By Hugh, who is a long-time commenter at Naked Capitalism. Originally published at Corrente. A complete archive of Hugh’s reports can be found here The Jobs Report in Brief This is a very schizophrenic jobs report. In the seasonally adjusted “official” data, the unemployment rate dropped an amazing four-tenths of a percent to 6.3% but […]
Read more...Mirable Dictu! Americans Diss Obama’s Ukraine Adventurism, Want US to Play More Modest Global Role
Wow, Obama is really losing it. He can’t even manage a good war scare any more.
Read more...J.D. Alt: GROAF & CONTRAKSHUN
Why “groaf” is the new “growth” and Naked Capitalism readers are duly skeptical of it, along with its young cousin, “jawbs”.
Read more...Wolf Richter: LEAKED – Draghi’s Sudden Switcheroo On QE
While you weren’t paying attention, ECB chief Mario Draghi walked back his “QE is imminent” talk.
Read more...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...MMT Does Do Policy
Randy Wray clears up some of the “bizarre” claims that have been made about Modern Monetary Theory
Read more...Pettis: 11 Reasons China Can’t Escape from Its Debt Overhang
China’s increasing debt level has goosed the economy. What form might the hangover take?
Read more...Philip Pilkington: Unemployment and Wages in the US – A Tale of Institutional Change
A fresh look at historical data shows how the relationship between unemployment and wage growth changed radically starting in 1981.
Read more...Don Quijones: “Uncreative” Destruction – The Troika’s Hostile Takeover of Europe
How the Troika is overriding national constitutions and popular will to strip-mine Europe’s periphery countries on behalf of banks.
Read more...Richard Alford: Has the Fed Learned Monetary Policy Lessons from the Financial Crisis?
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...Wolf Richter: America’s Structural Unemployment Crisis in Two Charts
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...How the West Looks to Carve Up the Ukraine
Michael Hudson gives an update on the West’s resource grab in the Ukraine
Read more...The Jobs Report For March 2014: After A Long Winter, The Economy Plays Some Catchup
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...IMF Imposing Even Tougher Austerity Conditions on New Loans
How the IMF has been devising even nastier versions of its austerity hairshirt in recent years.
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