Economics for the Rest of Us Explains NAIRU, Including Its Political Implications
An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...Author Archives: Yves Smith
Links 5/21/16
Why US Cities Are Segregated by Race: New Evidence on the Role of ‘White Flight’
Segregation started earlier in the US than most studies assume.
Read more...How the Democratic Party Became Undemocratic: The History of the Superdelagates
The origin of how the Democratic party made sure its elites remained firmly in charge.
Read more...Bogus Defenses of Tax-Dodging Corporate Inversions
How corporate executives mislead the public about the economic effects of inversions and other tax strategies that book profits overseas.
Read more...Links 5/20/16
The New Abnormal: “Disequilibrium Flirting with Deflationary Depression”
The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.
Read more...Sanders and Class Struggle in the Democratic Party
Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.
Read more...Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level
While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.
Read more...Quelle Surprise! US Big Business Prefers Clinton to Trump by 2:1 Margin
Major corporations generally prefer a former Goldwater Girl to the transgressive Trump. But will they spend enough backing her to make a difference?
Read more...Links 5/19/16
Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It
Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...Mathew D. Rose: First German Politicians, Now German Media in Credibility Meltdown
With a discredited political class and press, both in the service of big money, the political foundation of Germany is crumbling.
Read more...Gerald Friedman: How the Dogmatic Despair of Mainstream Economists Brought You Donald Trump
Mainstream economists to ordinary citizens: Drop dead. Or more accurately: Sorry, nothing more can be done for you. There is No Alternative.
Read more...CalPERS Invests in Toll Road Even Though Those Deals Consistently Lose Money
CalPERS ventures into the looting of local populations via investing into a famous toll road-gone-bad deal that has been restructured.
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