Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...Category Archives: Economic fundamentals
Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination
If Greece decides to exit the euro and abrogate contracts, it is not likely to fare well in the tidal wave of lawsuits and arbitration cases that would ensue.
Read more...Greece’s Debt Burden Can and Must be Lightened Within the Euro
A proposal for breaking Greece’s vicious debt cycle.
Read more...China’s Stock Market Collapse
Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.
Read more...Don Quijones: Businesses Flee Catalonia, Foreign Investment Plunges, as Confrontation with Spain Comes to a Boil
The issue of Catalan independence is no longer one based on pragmatic realities; as tensions have festered, it has become an almost purely emotionally driven issue, not just in Catalonia but throughout Spain.
Read more...Campaign 2016: Where Are The Candidates On Energy?
With the 2016 campaign underway too early for comfort, some of the candidates are starting to state their energy policies.
Read more...The Challenges of the Greek Crisis
An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...The Ideology of the S&P Threat to Downgrade Brazil to Junk
Why you should look hard at the rationales and motives of ratings agencies like S&P in giving sovereign debt downgrades.
Read more...Gaius Publius: The Rorschach Candidacy of Hillary Clinton
What you can learn from applying the Hillary Clinton Rorschach test to friends and family!
Read more...Lies, Damned Lies, and Greek Statistics
A detailed account of the long and tortured history of budget fakery in Greece and how it is has been aggressively defended by successive Greek governments. A tidbit from the post: one section is labeled “When revising wrong statistics is treason.”
Read more...Wolf Richter: Housing Bubble Means American Dream Withers at Record Pace
Despite the current housing “buying panic,” the soaring prices, and all the hoopla round them, there is a fly in the ointment: overall homeownership is plunging.
Read more...China’s Stock Market Falling Off a Cliff: Why, and Why Care?
What explains the turmoil in Chinese stock markets, and what does it mean for the rest of the world?
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...The Previous Sole Superpower: From the Opium Wars to the Origin of the Species
The Opium Wars illustrate the brutal effectiveness of Great Britain’s use of a particular notion of freedom as a means of conquest.
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