More Collateral Damage From Negative Interest Rates (Updated and Corrected)
Spain demonstrates some of the costs and dislocations created by negative interest rate policies.
Read more...Spain demonstrates some of the costs and dislocations created by negative interest rate policies.
Read more...Investors got a big dose of bad news about the economy and geopolitics and reacted accordingly.
Read more...A debunkng of the claim that finance is special and should be treated accordingly.
Read more...Vancouver ponders a long-overdue measure to target residential real estate warehousing.
Read more...Banks have had it with negative interest rates and are starting to push back.
Read more...Hudson tallies the high cost of neoliberal ideology.
Read more...This chart shows how much the bottom 90% has lost ground while the top 10% has pulled away.
Read more...Last week’s job report was not only disconcerting in and of itself, but it also bodes ill for labor market prospects.
Read more...Steve Keen’s macroeconomic model allows him to identify zombies-in-the-making. It’s not pretty.
Read more...Economists bemoan the lack of aggressive fiscal spending after the crisis. Funny how few of them were willing to advocate it when it mattered.
Read more...If China’s very low level of social capital has long ago made its investment strategy obsolete, that suggests that China has overinvested beyond its capacity to utilize these investments economically. Thus there are hidden losses on bank balance sheets created by the failure to write down physical capital to its true value. In this case Chinese growth cannot help but drop significantly as these losses are finally recognized and as investment levels are sharply curtailed.
Read more...The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...Real gains by average Americans won’t come financing gimmicks but from real growth in wages. And no one in authority seems willing to provide them.
Read more...The decline of CUNY as evidence that the superrich are killing the rest of us through a slow process of attrition
Read more...Even though the near-term fundamentals for oil are not promising, speculators are cutting bets that the bottom will fall out (again).
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