Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy
How central banks’ policy remedies have taken big steps backwards.
Read more...How central banks’ policy remedies have taken big steps backwards.
Read more...“Audit the Fed” is likely to become law. It’s about time.
Read more...A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...How much was the Federal Reserve standing pat on interest rates linked to the election, and what can be expected for the future?
Read more...Why over-reliance on monetary policy and the failure to engage in fiscal deficits is a toxic mix.
Read more...Funny how it’s OK for defenders of the 0.1% like Hamilton Lane to blame class warfare on their soon-to-be-fallen standing, but not the 99%.
Read more...Stumpf has another deservedly bad day in the Congressional hot seat.
Read more...The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...It’s becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.
Read more...The Fed touted its “creativity” in bailing out banks during the crisis. That “creativity” is absent in how it is planning to exit its extraordinary policies.
Read more...This column presents the latest Geneva Report on the World Economy, in which the authors argue that central banks can do more to stimulate economies and restore full employment when nominal interest rates are near zero. Quantitative easing and negative interest rates have had beneficial effects so far and can be used more aggressively, and the lower bound constraint can be mitigated by modestly raising inflation targets.
Read more...Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Banks are looking into holding more cash as central banks threaten to drive interest rates even further into negative terrain.
Read more...San Francisco housing bubble buckles under its own lopsidedness.
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