Category Archives: Economic fundamentals

China Continues to Focus on Growth, Not Reform

Growth remains a top priority in China, but how will the central government achieve it?

Life after Brexit: The UK’s Options Outside the EU

What are UK’s options if a majority votes in favour of Brexit this June?

The Implications of Brexit for the Rest of the EU

Brexit would leave the EU an even more impaired regional and geo-political player than now, when it already punches far below its economic weight.

The Modi Government and India’s Economy

Why is India experiencing so much political upheaval when it has one of the fastest growing economies in the world?

Was Clintonomics Good for Working People?

Why Clintonomics does not live up to its PR.

James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan

James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.

Negative Rates, Negative Reactions

A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.

Wolf Richter: Is This the Beginning of the Next Recession?

A sustained contraction in manufacturing historically has been a harbinger of recession. Be warned.

Introducing Kuznets Waves: How Income Inequality Waxes and Wanes Over the Very Long Run

Why income inequality is likely to remain high.

Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie

Krugman has really lost it.

Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work

Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.

The ECB’s Original Sin and Franco Modigliani’s Long View

Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored.

The China Delusion

Why the path forward for China is fraught from both an economic and political standpoint.

Michael Hudson Discusses the Federal Reserve and the Global Fracture

Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.