Category Archives: Economic fundamentals

Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud

Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.

Instability in Capitalist Economies and a Better Way to Think About Credit Risk

Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.

Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago

Irish growth is even phonier than the media would have you believe.

IEA: Gasoline Glut Could Cause Oil Price Rout

More confirmation of inventory overhang in gasoline.

Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk

By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.

The Bears Are Back – Oil Slides On Negative Sentiment

Oil prices have gone wobbly…

Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink

Why bank executives are stoking a banking crisis.

How MBA Programs Drive Inequality

How MBA programs reinforced the inequality-promoting neoliberal economic model.

China Destabilizes Global Economy by Exporting Deflation Through Currency Devaluation

China is behaving badly by trying to maintain growth at the cost of worsening deflation in the rest of the world.

The UK Vote to Leave European Union

A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.

Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?

Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.

Crisis After Brexit: Let Us Put An End to the Old Europe of Denigrators

Europe’s tall order for combatting Brexit: “What is called for is a union so good that people will want more of it.”

Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program?

On the need for New Deal levels of spending on national priorities and the myths and political grifting that prevent it.

Wolf Richter: The Big Unravel – US Commercial Bankruptcies Skyrocket

Commercial bankruptcies rose at a much bigger clip in early 2016 than in recent years. How worried should we be?

Unfounded Debt Fears Block Economic Recovery

Debt scaremongering as voodoo economics.