How Much Has Global Economic Power Really Shifted?
Why the shift in economic power from advanced to developing economies has not gone as far as most accounts would have you believe.
Read more...Category Archives: Economic fundamentals
Can Sanders Win Over Rich Voters in New York?
After Wisconsin, the next round of primaries in concentrated in more affluent East Coast states, and Clinton does well with rich voters. Can Sanders make enough headway with them?
Read more...Is an Aussie Debt Crisis Around the Corner?
Australia’s macro numbers are looking more worrisome by the minute. Is this a trajectory to a debt crisis?
Read more...Wolf Richter: Job Cuts Pile Up
An increase in job cuts announced suggests an employment turning point is nigh.
Read more...Paul Ryan Sorry for Calling Americans “Takers.” Let’s Talk About the Real Takers.
Rana Foroohar’s new book, Makers and Takers: The Rise of Finance and the Fall of American Business, addresses what Paul Ryan conveniently left out.
Read more...Gaius Publius: The Rebellion Will Not Go Away
Rebellion watch: Why the natives will remain restless.
Read more...Marshall Auerback: Donald Trump Understands the Nexus Between Trade and Immigration
By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.
Read more...Brexit: This is What We Call a Muppet Show
An update on the Brexit referendum.
Read more...Negative Interest Rates – Are There Any Positives?
The more you look at negative interest rates, the harder it is to find anything to like.
Read more...Senators Try to Scuttle Syngenta/ChemChina Merger, in a Harbinger for U.S. Posture Toward Chinese Investment
This is a big week for the future of American industry. Chinese Premier Xi Jinping will meet one-on-one with President Obama on the sidelines of a summit in Washington. The Chinese will apparently use the meeting to make a new offer on a bilateral investment treaty that would pave the way for more foreign direct […]
Read more...Good Booms, Bad Booms: Why Only Some Credit Booms End in a Crisis
Credit booms are not rare and usually precede financial crises. However, some end in a crisis while others do not. This column argues that credit booms start with an increase in productivity, which subsequently falls much faster during ‘bad booms’. When this decline is severe enough, it changes the informational regime in credit markets, leading to a drying up of credit. A crisis may be the result of an exhausted credit boom and not necessarily of a negative productivity shock.
Read more...Wolf Richter: World Trade Collapses in Dollars, Languishes in Volume
A rout in world trade that started in June 2014 shows no sign of getting better.
Read more...Bill Black: Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically
Why do Democrats act like Republican wannabes with deficit scaremongering? Let us count the reasons: Wall Street, Pete Peterson, hatred of the poor…
Read more...Don Quijones: Brexit Meltdown at the Bank of England
The current and former governors of the Bank of England are singing from very different hymnals on the subject of Brexit.
Read more...Michael Pettis: Trump and the Re-Emergence of the Jacksonians
Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
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