Category Archives: Economic fundamentals

Michel Barnier Nixes Theresa May’s Customs Union Scheme as Bad Brexit Dynamics Worsen

More Brexit Groundhog Day as the EU is compelled to say the same old “nos” to the UK.

China Pumps $74B Into Banks Amid Credit Crisis

China throws some money at banks to offset the effects of its deleveraging initiative.

Brexit Crash Out Virtually Certain

Brexit uglies are only getting uglier.

Argentina 20 Years On: Has the IMF Really Changed Its Ways?

The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.

America’s Subprime Economy

This so-called expansion is more and more brought to you by subprime borrowings.

Economy of Intangibles

Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?

Trump’s Visit Marks the Start of Shock Doctrine Brexit

As Brexit approaches, the personal enrichment hopes of some of its proponents come into focus.

Leaving Money on the Table: Declining Responsiveness and the Productivity Slowdown

Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.

Interview: Teaching Graham Elwood Modern Money, and How the Progressive Media Gets It Wrong

A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.

Richard Murphy: The Debate on the Proper Role of the Bank of England, Continued

A discussion about the Bank of England raises questions about the role of central banks generally.

Brexit: Chaos Visible

As businesses finally start telling the press they are worried about Brexit, the press is still not coming to grips with key issues.

Why Italy’s Crisis Is the Left’s Crisis

Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.

Why Did Trump Win? Robots Are to Blame

Why robots, and not “bots,” may have been responsible for Trump’s win.

Don Quijones: How the ECB Helped Spain “Recover” Faster than Italy from the Crisis

How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.