Currency Depreciations Don’t Boost Exports as Much as They Used To
A new study has important implications for IMF policies as well as for Greece, both “reformers” and those who advocate a Grexit.
Read more...Author Archives: Yves Smith
Household Labor, Caring Labor, Unpaid Labor
A discussion of the practical and policy implications of failing to measure household labor and production.
Read more...Real Household Net Worth: Look Out Below?
Even with the wild end-of-day rally yesterday, Steve Roth describes how absent a strong continuation of the snapback, real household net worth is likely to show a year-to-year fall by the end of September. And that’s not a good sign at all.
Read more...Wolf Richter: Americans’ Economic Outlook Plunges
The latest poll of Americans’ economic outlook shows most expect things to get worse…and the survey was before the market rout started last Friday.
Read more...Links 8/26/15
Michael Hudson: Smoke and Mirrors of Corporate Buybacks Behind the Market Crash
Hudson clearly differentiates what is happening in the Chinese versus the US markets, with emphasis on the role of corporate buybacks here.
Read more...The Real Dark Side of Health Care: Health Care Corruption
A top journal excoriated two doctors who engaged in disrespectful behavior, but is vastly less vigilant or heated when faced with health care corruption, as in the sort of conduct that can and often does kill people.
Read more...King Coal, Dethroned, and Its Aftermath
The history the coal industry is tragic and its collapse is its grim final act.
Read more...Louis Proyect: A Brief Response to Joe Firestone on IT/Grexit
Why believing that there must be an easy way for Greece to pull of a Grexit does not make it so.
Read more...Links 8/25/15
Wine and Water Watch (WWW) Challenges Northern California’s Invasive Wine Empire
Northern California activists opposed to the land and water use practices of the wine industry are stepping up their efforts.
Read more...Robert Reich: In the New Economy, Workers Take on All the Risk
More Americans than ever don’t know what they’ll be earning next week. That’s why we need income insurance.
Read more...Bill Maher, New York Times Op Ed on the “Post Greed is Good Economy”
Bill Maher has a devastating short segment on the “post greed is good” world, as exemplified by the “sharing economy.” In a bit of synchronicity, a New York Times op ed by a former high-end restaurant captain covered similar themes.
Read more...Perry Mehrling: No One Has a Good Idea of How to Keep the Fed From Having to Rescue Mr. Market Again
Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.
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