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...Bond yields warn of deflation. How real is this worry?
Read more...How tight linkages among phenomena, such as oil and commodity prices, and flagging non-elite wages, are about to cause substantial economic disruption.
Read more...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...The TTIP could jeopardize the ability of the European Union and the United States to put in place the proper regulations to meet climate targets.
Read more...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...What is deflation? What has caused inflation to fall? And why is there no such thing as ‘good deflation’?
Read more...Puerto Rico fails to pay $37.3 million in bonds due today. While investors and analysts call it a bluff, the stakes are quite real.
Read more...Private equity’s misadventure in ships is yet another proof of both hubris and too much money looking for deals.
Read more...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...Deflation will become an even more powerful and destructive force in 2016.
Read more...If you think climate change will help food production, think again. Many of the foods under threat are dietary staples.
Read more...Exposing the serious numerical and conceptual flaws of yet another study that uses the trumped-up claim that the Postal Service is trouble to justify dismembering it.
Read more...Yves here. While China has made impressive strides in technologies that reduce carbon emissions, I have trouble squaring that with their plans to build more coal-fired electricity generating plants. By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism. Follow […]
Read more...Why England would be better served by leaving the European Union.
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