Syriza Emulates Nixon Going to China in a Bad Way
It’s painful to watch the Greek ruling coalition unwittingly do the creditors’ work by wringing Greece dry of cash more aggressively than Pasok or New Democracy would have dared to.
Read more...Category Archives: Doomsday scenarios
Fast Track/TPP: The Death of National Sovereignty, State Sovereignty, Separation of Powers, and Democracy
How the TPP, if passed and implemented, would create profound governance changes in the United States without benefit of the constitutional amendments that would normally be required to accomplish such changes.
Read more...Ridiculing Concerns About TPP Tyranny
Yes, Virginia, the TPP is at least as bad as its critics say it is.
Read more...Why Syriza Failed
Syriza has failed because it does not believe in governing along the lines of what it promised unless it is easy to do so.
Read more...The 23 Count Indictment of the TPP
This post will serve to remind you: call your Representative (contact info here) and Senators (contact info here) today and tell them in no uncertain terms that you expect them to vote against Fast Track authority.
Read more...Eurogroup Demands Varoufakis’ Ouster; Trajectory Toward Default Continues
In case you had any doubts that Greece is supposed to act like a good debt vassal, the Eurogroup’s hissy fit over Yanis Varoufakis at last Friday’s meeting, which stoked a raft of unflattering articles, has now led it to demand to that Greek government remove him.
Read more...Bill Black: Obama & TPP – Every One That Doeth Evil Hateth the Light
President Obama wants the world to know that he takes it personally that the Democratic Party’s base opposes his latest effort to sell out the people of the world to the worst corporations through the infamous Trans-Pacific Partnership (TPP) deal.
Read more...Greece Talks With Eurogroup Hit “Complete Breakdown”
The Greek negotiations with the Eurogroup are exemplifying the saying, “Things look the darkest before they go completely black.”
Read more...The IMF’s Big Greek Mistake
Instead of demanding repayment and further austerity, the IMF should recognize its responsibility for Greece’s predicament and forgive much of the debt.
Read more...Pettifor Warns of GFC 2.0 Approach
Yves here. This is a short but important debate over how much to worry about the upcoming train wreck in emerging markets when the Fed finally gets around to tightening. Pettifor sees it as a potential global crisis event; Macrobusiness sees it as a typical emerging markets bust. The Pettifor viewpoint seems more on target. First, […]
Read more...Greece Endgame Nears
Despite the market jitters of last Friday, which were triggered in part by the recognition that the odds of Greece reaching a deal with its creditors are far lower than had been widely assumed, Greek-related coverage has ratcheted down, even as Greece seems certain not to get any funds released in the April 24 Eurogroup meeting and is very likely to miss the end of April deadline for getting its reforms approved by the Troika and Eurogroup.
Read more...Nobel Prize Winner Robert Merton Slams Fed for “Negative Wealth Effect” Policies
Nobel Prize winner Robert Merton and Arlin Muralidhar have charged ZIRP and QE happy central banks with economic malpractice.
Read more...The Continuing Depopulation of Detroit
Detroit is getting the same treatment as Latvia and Ireland, and we are already seeing similar results in Greece, with most people who have good foreign job prospects taking a hike. But while Latvia and Ireland stabilized at much lower levels of output and have started to recover from their, Detroit, like Greece, looks like a failed state. And this is perversely seen as acceptable in America.
Read more...Elizabeth Warren Throws Down Gauntlet, Calls for Genuine Financial Reform
Elizabeth Warren makes a bold call for wide-ranging, serious financial reform.
Read more...Greece: Default or Grexit?
A Greek default does not mean an inevitable Grexit. But even in the event of a default in the Eurozone, the costs to Greece of staying in the Eurozone are set to rise.
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