The Obama Report Card: The Good, the Bad and the Incomplete
Why are so many people in the soi-disant left who are not career progressives, meaning not part of the Vichy Left, so cautious about calling out Obama’s failures?
Read more...Category Archives: Economic fundamentals
Michael Hudson: The Top Three Economic Stories of 2015
Yves here. I beg to differ a tad with Hudson in this Real News Network video regarding his third economic story. The US had already pushed Europe to side with it against Russia when it hit Russia with economic sanctions. The US had similarly declared an economic war of sorts against China with its “pivot […]
Read more...Matthew Cunningham-Cook: Five Reasons Tariffs Are Great
Saying tariffs could be a good thing is close to a taboo in economics. Is that distaste justified?
Read more...Ilargi: 2016 Is An Easy Year To Predict
Deflation will become an even more powerful and destructive force in 2016.
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
Read more...Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism’s “recovery” now proceeds like another speeding train headed toward contradiction and catastrophe.
Read more...Wolf Richter: IPO Window Suddenly Closes, “Worst Year Since 2009,” Worst December Since 2008
The IPO market shutting down does not bode well for private equity returns, and may be sending a warning about real economy prospects.
Read more...Randy Wray: Debt-Free Money and Banana Republics
Objections to the notion of debt-free money.
Read more...No Accounting for Accounting: A Review of Michael Perelman’s “Railroading Economics”
Is accounting suitable as a basis for business rationality?
Read more...Michael Hudson: The IMF Changes its Rules to Isolate China and Russia
How the West is deploying the IMF to fight the nightmare scenario of US geopolitical strategists: foreign economic independence from the US.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...Why We Brits Should Vote for Brexit
Why England would be better served by leaving the European Union.
Read more...Ilargi: Marine Le Pen Will Reap What The EU Has Sown
Thanks to EU and Eurozone misrule, Le Pen is right when she says: “Nothing can stop us”.
Read more...Matias Vernego: Neoliberalism Resurgent: What to Expect in Argentina after Macri’s Victory
The election of businessman Mauricio Macri to the presidency in Argentina signals a rightward turn in the country and, perhaps, in South America more generally. Macri, the candidate of the right-wing Compromiso para el cambio (Commitment to Change) party, defeated Buenos Aires province governor Daniel Scioli (the Peronist party candidate) in November’s runoff election, by less than 3% of the vote.
Read more...Ilargi: CON21
To halt the demise of the planet, you can’t rely on the same people who cause it.
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