Category Archives: Economic fundamentals

Brexit: Even More Noise in the Signal

Rumors of Brexit progress seem to be greatly exaggerated.

Economic Distress Did Drive Trump’s Win

Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.

As the Fed Tightens, Where Will the Credit Crunch Pinch First?

Who will feel the pain first in the coming credit squeeze?

Yanis Varoufakis: How the Italian Budget Fight Helps Brussels and Salvini, Hurts Europeans and the Eurozone

Contrary to popular perception, Brussels and the Italian government come out ahead from sparring over Italy’s budget, and what works for them does not work for much of anyone else.

Brexit Stress Rises: Pound Weakens on S&P Crashout Warning, Norway Nixes “Norway,” Migrant Status at Risk

Brexit news still looks decidedly uncheery.

Marshall Auerback: So Far, the Big Trade War Loser Is China, Not the U.S.

China has more of a glass jaw than most economics commentators thought. But how is Trump’s trade war likely to progress?

US Stops Trade Talks With China: Posturing or Impasse?

The US and China are even more visibly at odds than usual.

Oil Under Threat As Global Economy Struggles

Bullish expectation for oil prices wane as the outlook for the world economy darkens.

Standoff Between Italy and European Commission Escalates as Commission Rejects Italian Budget

Italy and the European Commission are in a dispute over Italy’s budget, and no one looks likely to come out a winner in this fight.

Markets Edgy Over China, Italy Budget Staredown, Saudis, Brexit, Too Much Private Debt, Strained Valuations….

Markets have more reason than usual to be jumpy.

Marshall Auerback: The Democrats’ Globalization Dilemma

It’s no secret that globalization created losers, and the Democrats seem determined to ignore them.

Italy’s Debt Crisis Intensifies

Italy’s government debt yields are rising thanks to a budget standoff with Brussels, and Italian banks are looking more wobbly too.

Student Debt Bondage Becoming More Widespread

More sobering news on the student debt front.

The International Use of the Euro: What Can We Learn From Past Examples of Currency Internationalisation?

European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.