Hoisted from E-Mail: Puzzling Out the UK’s Shambolic Approach to Brexit
Trying to make sense of the UK’s Brexit pathology.
Read more...Category Archives: Economic fundamentals
Growing Inequality Under Global Capitalism
The benefits of capitalism are accruing even more to a very few at the top.
Read more...Is the Great China Crash Upon Us?
No large economy has made a crisis-free transition from being investment/export led to consumption led. Is China finally starting its Big One?
Read more...UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Wolf Richter: #Carmageddon Not Yet, But Hot Air Hisses out of Auto Bubble
Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
Read more...Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...Taxes, and the Parable of “Turning Litter Into Money”
I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?
Read more...The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections
How the Kirchner program in Argentina ran into the buzz saw of currency markets.
Read more...Mark Ames: Credit Suisse Decries Russian Inequality After Playing Leading Role in Creating It
Credit Suisse criticizes Russian inequality after having profited handsomely from playing a big role in creating it.
Read more...The Operation and Demise of the Bretton Woods System: 1958 to 1971
Even though the Bretton Woods system was short lived, legacies like the dollar standard remain and are likely to be with us for some time.
Read more...The Fall of the Latin American Left, Part I: Brazil’s Boom and Bust
Discussing why the left in Latin America lost power, starting with Brazil.
Read more...Wolf Richter: Private Equity in the Thick of Bricks and Mortar Retail Implosion
The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.
Read more...America is Regressing into a Developing Nation for Most People
Like developing countries, America is becoming more stratified, with the economic and physical distance between rich and poor widening.
Read more...The Amazon.com Effect: Retailers Say They’re Not Selling, but Consumers Report They Are Buying
Are retail sales understated because online retailers aren’t fully captured in the data?
Read more...It’s Time to Regulate the Gig Economy
Depicting the gig economy as ‘sharing favours’ creates a parallel dimension, where chores are form of leisure, with no relation to ‘work’.
Read more...