Funds Hold Most Cash Since GFC
Fund manager cash holdings are at crisis-bottom levels, typically a sound bullish indicator. But will history predict the future this time?
Read more...Category Archives: Economic fundamentals
US Oil Futures Plunge by Nearly 7%, to $26.55 a Barrel; Stocks Swoon
Oil has ratcheted down again and stocks are getting hammered.
Read more...Ann Pettifor: Why Radical Monetary Policy Failed in the UK
The failure to use fiscal policy in tandem with monetary policy means that the timid and short-sighted private sector has lacked confidence to ratchet up investment in productive, income-generating activity – as opposed to speculative activity.
Read more...Investment Manager GMO Debunks Mythology of “Sound Finance,” or Deficit Hawkery
Yves here. Sometimes it is best to let things speak for themselves. In that spirit, I am embedding a very important paper by the well-respected investment management firm GMO which debunks the tenets of “sound finance,” meaning the claim that governments need to balance their budgets. I expect to be referring to it regularly, particularly […]
Read more...Don Quijones: “Everything Has Come to a Standstill”- Political Fallout Hits Business in Spain
By Don Quijones, Spain & Mexico, editor at Wolf Street. Originally published as Wolf Street. On Friday, Spain’s benchmark stock index, the Ibex 35, plumbed depths it had not seen since the worst days of 2013, the year that the country’s economy began its “miraculous” recovery. Of the 35 companies listed on the index, 15 […]
Read more...Edward Lambert: Forecasting the Stock Market thru Effective Demand
Dave here. The markets have taken a beating in 2016, and while the fallacy of thinking the market=the economy seems like an oversimplification, this post provides a competing viewpoint that, without taking a position in affirmation or dissent, I thought I would offer up for discussion. For some background, you can read Edward’s other posts […]
Read more...Capitalism Versus The Social Commons
How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...Eurozone Delays and Half Measures
Are the eurozone’s continuing woes the result of its incomplete construction or because of policy errors in responding to the crisis?
Read more...Bond Investors Get Skittish as Record Wave of Acquisitions Push to Close Financings
Standard & Poors warns of the worst drop in the “net outlook bias” for bond investors since the financial crisis.
Read more...Neoliberal Capitalism, Its Crisis, and What Comes Next
The fundamental contradictions of neoliberal capitalism are pushing it to the breaking point.
Read more...Michael Klare: Plunging Oil Prices – A Recipe for More War?
Low and generally volatile oil prices are a prescription for more political instability in major oil producing nations.
Read more...2015: A Failing Fiscal Policy
Although the case study is the UK, this post is yet another example of how counterproductive austerity is, from both an economic and a social perspective.
Read more...Mathew D. Rose: Now It Is Poland’s Turn
Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...Marshall Auerback: What US Treasury Yields Might Be Signalling
Bond yields warn of deflation. How real is this worry?
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