Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Category Archives: Economic fundamentals
Wall Street and City of London Getting Nervous About Catalonia
Yves here. Neither side appears willing to back down in the battle of wills over the Catalonia independence vote set for this Sunday, October 1. The English language press has described how the Spanish government has declared the election to be illegal and Mariano Rajoy’s government has moved to try to shut it down, for […]
Read more...Brexit Denialism: The Customs/Border Problem and the Curious Case of the Pallets
A case study of how basic, critically important Brexit issues like customs are being ignored by the Government, to the peril of the public.
Read more...Out of Africa: Why the Migration Wave?
Why are so many risking their lives to flee Africa?
Read more...Rumors of Japan’s Imminent Demise Have Been Greatly Exaggerated
Why you should not believe media accounts that depict Japan as a basket case in the making.
Read more...Puerto Rico Is Getting Squeezed, and It Will Cost All of Us
Puerto Rico illustrates why implementing austerity policies in weak economies backfires.
Read more...Nomi Prins: A Decade of G7 Central Bank Collusion – and Counting..
Why central bank snake oil and financier-favoring interventions have done great harm to ordinary people.
Read more...Hurricane Harvey Throws Global Oil Markets Into Chaos
By Nick Cunningham, a Vermont-based writer on energy and environmental issues. You can follow him on Twitter: @nickcunningham1. Originally published at OilPrice The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets. The rain is […]
Read more...Will Disappointing Tax Reform Puncture the Stock Market Bubble?
Why the Trump tax reform is likely to be a damp squib.
Read more...Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...Life’s a Pitch
Another sign of economic insecurity: the pitch economy, where competition becomes more and more degrading.
Read more...How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...Why Is The Fed Raising Interest Rates As Fast As It Is?
Musing on why the Fed is so eager to raise interest rates.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Wolf Richter: Worst Restaurant Recession Since 2009 Dings Inflation
Stagnant restaurant sales show consumers are tapped out.
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