FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere
FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
Read more...Category Archives: Economic fundamentals
Technology: From Copycats to Innovators
How China is cuttting into America’s technology advantage, and how the US can respond.
Read more...Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)
Chronicling and debunking more scurrilous attacks against MMT.
Read more...Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices
A high-level discussion of some of the operational issues posed by a Green New Deal.
Read more...Martin Wolf: Why Economists Failed as “Experts”—and How to Make Them Matter Again
Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking
Read more...The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions
The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?
Read more...Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak
On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.
Read more...2018: A Banner Year for China, Other US Trade Partners, and Corporate America
China wins big in trade in 2018.
Read more...Have We Already Passed World Peak Oil and World Peak Coal?
Gail Tverberg extends her peak oil analysis to coal and finds a similar pattern.
Read more...China Syndrome Redux: New Results on Global Labour Reallocation
What did China gain when the US lost manufacturing jobs?
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...The Green New Deal: Just Focus on What We Do, Not How We Pay for It
The debate over the Green New Deal reinforces why government policy should focus on real resource constraints.
Read more...Brexit: MPs Sink to a New Collective Low of Incompetent Acquiescence
Motion on the Brexit front does not necessarily amount to progress.
Read more...Nomi Prins: Survival of the Richest, The March of Inequality
A look at the history of the rise in inequality in the US.
Read more...The Yellow Vest Phenomenon and the Radical Right
While some protestors outside France are using the yellow vest to make demands for and end to austerity and greater economic fairness, in some countries, far right wingers are taking up the costume.
Read more...