Standoff Between Italy and European Commission Escalates as Commission Rejects Italian Budget
Italy and the European Commission are in a dispute over Italy’s budget, and no one looks likely to come out a winner in this fight.
Read more...Category Archives: Economic fundamentals
Markets Edgy Over China, Italy Budget Staredown, Saudis, Brexit, Too Much Private Debt, Strained Valuations….
Markets have more reason than usual to be jumpy.
Read more...Marshall Auerback: The Democrats’ Globalization Dilemma
It’s no secret that globalization created losers, and the Democrats seem determined to ignore them.
Read more...Italy’s Debt Crisis Intensifies
Italy’s government debt yields are rising thanks to a budget standoff with Brussels, and Italian banks are looking more wobbly too.
Read more...Student Debt Bondage Becoming More Widespread
More sobering news on the student debt front.
Read more...The International Use of the Euro: What Can We Learn From Past Examples of Currency Internationalisation?
European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.
Read more...Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...How to Destroy Neoliberalism: Kill ‘Homo Economicus’
contemporary American business and economic culture has a moral framework: neoliberalism. This framework is dependably orthogonal to the last 50,000 years of moral norms and traditions.
Read more...The Effectiveness of Large-Scale Asset Purchases
This is Naked Capitalism fundraising week. 551 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and […]
Read more...Marshall Auerback: A Full Employment Economy? What Could Possibly Go Wrong?
Why Trump’s trade deals could wind up being a negative for employment.
Read more...Money, the Shape of Law, MMT, and Aesthetics
How the evolution of Western metaphysics repressed chartalist ideas that are the foundation of MMT.
Read more...Mr. Market’s Hissy Fit May Be Over….For Now
Puzzling out the markets have changed, and not changed, since the crisis.
Read more...The Continuing Dominance of the Dollar
The dollar still rules. What could make that change?
Read more...Italy’s New Fiscal Plans: The Options of the European Commission
What could the European Commission do if it decided to discipline Italy for defying budget rules?
Read more...How Are We Doing on a ‘Green New Deal?’
Could a Green New Deal make enough of a dent in greenhouse gas emissions to halt global temperature increases?
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