The Sveriges Riksbank Counterfeit Nobel Award Goes to Bernanke et al. for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
Read more...Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
Read more...The UK is in sorry shape…..and is looking like the canary in the economic coal mine.
Read more...The Bank of England has been doing less than believed to rescue the gilts market. But stil not a good look.
Read more...Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.
Read more...Michael Hudson has a wide-ranging talk with Ralph Nader.
Read more...The housing market in the US, not surprisingly, is looking pretty punky.
Read more...Gasoline purchases show a softening economy, but the Fed is likely to ignore that memo.
Read more...s rich countries raise interest rates, developing countries face slowdowns, inflation, higher interest rates, more costs and debt distress.
Read more...The Bank of England is in “Burn the village to save it” mode via interest rate increases which do little to address the causes of inflation.
Read more...The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.
Read more...Housing sales and prices continuine on their grim slide.
Read more...If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.
Read more...Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.
Read more...A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
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