Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Category Archives: Economic fundamentals
Brexit: Mayday
More Brexit stumlbing about as the EU sounds alarms.
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Read more...China’s Belt and Road Initiative vs Washington Consensus
An update by Jomo Kwame Sundaram on how China and the US are faring in their use of trade and development policy to foster growth and project power.
Read more...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...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.
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