Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a plus.
Read more...Is a flabby Financial Times story just a case of a piece not coming together, or is the pink paper pulling its punches on Brexit?
Read more...On how revived commons can work in a modern economy.
Read more...A sharp fall in construction has helped push Mexico to the verge of recession. The construction industry blames AMLO’s anti-corruption push.
Read more...Michael Hudson’s latest: Debts that can’t be paid, won’t be. When debts can’t be paid and debtors default, what happens to these creditors?
Read more...No one is blinking in the Brexit staredown.
Read more...Even budget hawks ought to embrace infrastructure spending, since those projects typically produce $3 of tax revenues for every $1 spent when there’s a backlog, as we clearly have in the US. So what is Trump’s excuse?
Read more...Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.
Read more...Looking at undercurrents in West Coast economies and what they might portend for the US.
Read more...The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.
Read more...How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.
Read more...An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...How levees become counterproductive as flood severity increases.
Read more...Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...Why the success of the far right shows that neoliberalism is very much alive and well.
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