Financial Times Goes Wobbly on Brexit No Deal Impact
Is a flabby Financial Times story just a case of a piece not coming together, or is the pink paper pulling its punches on Brexit?
Read more...Category Archives: Economic fundamentals
Restoring the Commons
On how revived commons can work in a modern economy.
Read more...Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls
A sharp fall in construction has helped push Mexico to the verge of recession. The construction industry blames AMLO’s anti-corruption push.
Read more...Michael Hudson: The Coming Savings Writedowns
Michael Hudson’s latest: Debts that can’t be paid, won’t be. When debts can’t be paid and debtors default, what happens to these creditors?
Read more...Brexit: Boris Johnson’s Impossibility Theorem
No one is blinking in the Brexit staredown.
Read more...Trump Promised Massive Infrastructure Projects—Instead We’ve Gotten Nothing
Even budget hawks ought to embrace infrastructure spending, since those projects typically produce $3 of tax revenues for every $1 spent when there’s a backlog, as we clearly have in the US. So what is Trump’s excuse?
Read more...Nobel Economist Angus Deaton: Inequality is Destroying Democratic Capitalism
Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.
Read more...Softening Real Estate Markets in Prime West Coast Cities: Does China Trump IPOs?
Looking at undercurrents in West Coast economies and what they might portend for the US.
Read more...Syriza, R.I.P.
The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.
Read more...Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses
How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.
Read more...China: The Covert Credit Superpower
An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees
How levees become counterproductive as flood severity increases.
Read more...The Numbers Are In, and Trump’s Tax Cuts Are a Bust
Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring
Why the success of the far right shows that neoliberalism is very much alive and well.
Read more...Taxes for Revenue Are Obsolete
In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.
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