Pharmaceutical Industry at Risk from Brexit
Yet another potential Brexit casualty….
Read more...Category Archives: Economic fundamentals
Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Europe’s Faustian Bargain with Big Finance
An overview of the cost of Europe’s failure to rein in its financial institutions and the options for bank and Eurozone reform.
Read more...Debt Relief or a Fourth Financial Assistance Program for Greece?
Greece continues to be broken on the rack of austerity. How far might the IMF’s insistence on reducing the pain level actually get?
Read more...Gaius Publius: The Dying Fossil Fuel Industry
The oil industry is on a downward trend, and the trajectory could be faster than most anticipate.
Read more...The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class
Discusses twin diseases stymieing US middle-class– secular stagnation and the polarization of jobs and incomes– and potential policy cures.
Read more...Trump Treasury Secretary Steve Mnuchin Renounces Commitment to Glass-Steagall While Saying He Isn’t
Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...Mr. Market Starts to Question Trump Trade Delusion
A look at the “Trump trade” pearl clutching yesterday.
Read more...Wolf Richter: Did Cisco Just Say Demand is “Very Lumpy?”
Look out below: Cisco has a history of being the canary in the coal mine at market turns.
Read more...Hayek and Neoclassicals Meet Information Theory and Fail
Why the left doesn’t need to engage Hayek, Friedman, and neoclassical economics but should instead argue from information theory.
Read more...China Blinks!
China taps the brake…..
Read more...New Jersey’s Flooding Crisis Hits Low-Income People Hardest
New Jersey’s flooding problems as a microcosm of what is to come.
Read more...How Financialization and the “New Economy” Hurt Science and Engineering Grads
How the “new economy” devalued science and engineering degrees.
Read more...The Role of Social Security Wealth: A Head-to-Head Comparison of Germany and the US
Crunching some numbers on the value of social safety nets shows Americans are not as well off as pundits and pols would have you believe.
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