The Private Debt Crisis
Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...Category Archives: Dubious statistics
Ilargi: China Relies On Property Bubbles To Prop Up GDP
More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.
Read more...Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...New York Times Owes CalPERS a Retraction for Hatchet Job on Pension Fund Termination
The Grey Lady runs an error-filled piece on employer termination of plans with CalPERS, apparently carrying the water of pension privatizers.
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks
The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Care Work as the Work of the Future
Economists despair about the impact of technology on jobs. They underestimate the need for care work, as in services for the young and aged.
Read more...Expansionary Fiscal Consolidation Myth
Why fiscal consolidation, which is neoliberal economists’ pet idea that austerity increases growth, is all wet.
Read more...Central Banks Pushing on Strings Again
More proof that central banks have lost the plot.
Read more...Bullish Economists Are So Yesterday
The confidence fairy is having trouble getting liftoff.
Read more...Did the New York Times Really Need to Let Jamie Dimon Crow About the Measly Raise He Is Granting Employees?
Jamie Dimon throws JP Morgan workers some crumbs.
Read more...How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It
A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.
Read more...Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago
Irish growth is even phonier than the media would have you believe.
Read more...IEA: Gasoline Glut Could Cause Oil Price Rout
More confirmation of inventory overhang in gasoline.
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