Store rents had already plunged, amid a surge in vacancies. Then in the spring, the market froze; when it thawed, rents dropped to 10-year lows.
Read more...Even three rich smart guys couldn’t get a half baked idea like Haven off the ground.
Read more...Warnings of “corruption and incompetence coming together,” as vaccine distribution begins.
Read more...Regulators and officials are dusting off antitrust rule books to go after tech monopolists.
Read more...How consolidation in dairy processing has led to overproduction of milk and dumping.
Read more...A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
Read more...Even before COVID-19, the world was facing a care crisis, a problem that is only worsening.
Read more...The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.
Read more...Past theories of crises and why they matter now.
Read more...Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.
Read more...Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Will the disruption of Covid-19 deal a major blow to market ideology?
Read more...Reallocating workers to better jobs at their current location could be a more cost-effective avenue to increase aggregate wages, and even accelerate regional convergence
Read more...Fed tightening is no longer needed to create recessions, given fragile credit structures and a growing pandemic out of China.
Read more...A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
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