Eurobanks: The Probable Point of Failure as Systemic Stress Rises
Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...Category Archives: Currencies
Why the Neoclassical Story About German Wage “Moderation” Causing the Eurozone Crisis is Wrong
Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.
Read more...Grexit Risk May Be Back Sooner Than You Think
Why Grexit is likely to be back on the table by summer.
Read more...Ilargi: Square Holes and Currency Pegs
The difficultly of maintaining currency pegs, most important the renminbi and riyal versus the dollar, will put even more stress on financial markets.
Read more...US Oil Futures Plunge by Nearly 7%, to $26.55 a Barrel; Stocks Swoon
Oil has ratcheted down again and stocks are getting hammered.
Read more...How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point
China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...Identifying Vectors Influencing China’s (and International) Markets
A list of some of the factors driving the recent market upheaval in China. Readers will hopefully add to and refine this compilation.
Read more...Dollar Dominance: Deconstructing the Myths and Untangling the Web
It is not dollar hegemony that rules the world, but the global financial system which gives the dollar its place of privilege.
Read more...Louis Proyect: Greece as Rashomon
Like Akira Kurosawa’s “Rashomon”, the story of Syriza is also one about a rape told from different, self-serving and contradictory perspectives.
Read more...Randy Wray: Debt-Free Money and Banana Republics
Objections to the notion of debt-free money.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...Why We Brits Should Vote for Brexit
Why England would be better served by leaving the European Union.
Read more...Wolf Richter: US Exports & Manufacturing Debacle Covered up by Oil
What the regional manufacturing indices have been saying loud and clear for months have gotten further confirmation….
Read more...Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures
uropean creditors want to extract more blood from a stone, in this case Greece.
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