Wolf Richter: Housing Bubble 2 Already Collapsing for the 99%
One of the side effects of QE is that housing prices and sales levels for the top 1% in most markets are strong, while activity in the rest of the market is falling.
Read more...Category Archives: Economic fundamentals
Ukraine: The Real Energy Crisis Starts in June
The West needs to curb its enthusiasm over the recent elections in the Ukraine. Gazprom is tightening the energy screws next week.
Read more...Michael Perelman: Vietnam – Invitation to a Morass
How the Vietnam War helped usher in neoliberalism, financialization of the economy, and the use of military spending as stealth stimulus.
Read more...Wolf Richter: World Trade Suddenly Slumps (Just Forget ‘Escape Velocity’)
The US economy, and by extension the world economy, is desperately waiting for the spring escape velocity to finally kick in. But the latest world trade statistics say it’s not happening.
Read more...Global Food Security Needs States to Ally with Family Farmers
Yves here. If you live in an advanced economy, and are at least middle income, you probably don’t give much thought to the availability of food. Expect that to change in the coming years. Agribusiness is a major driver of food insecurity. Successful experiments show that relocalization of food production can be an effective remedy.
Read more...Wolf Richter: This Chart Is The Fate of Housing In America As Student Loans Bankrupt A Whole Generation
Student loans are a millstone that is crushing college educated young adults, and with them, key parts of the economy.
Read more...Michael Perelman: The Rise of Free-Trade Imperialism and Military Keynesianism
On the economic and political origins of America’s stealth imperialism and military Keynesianism, as opposed to Keynes’ original version.
Read more...The Birth of a Eurasian Century: Russia and China Do Pipelineistan
Russia and China, along with other developing economies, are exploring ways to create an Eurasian alliance to go toe-to-toe with the US economic hegemony.
Read more...Philip Pilkington: Why Thomas Piketty is Wrong About Inflation and Interest Rates
Thomas Piketty’s views on inflation and interest rates are decidedly un-Keynesian and wrong to boot.
Read more...Randy Wray: What are Taxes For? The MMT Approach
MMT argues that “taxes drive money” in the sense that imposition of a tax that is payable in the national government’s own currency will create demand for that currency. Sovereign government does not really need revenue in its own currency in order to spend.
Read more...Current Problems Associated with the End of the Third Industrial Revolution
The third industrial revolution is long in tooth. What does that portend for investments and the economy?
Read more...UK Survey Finds High Levels of Depression and Desperation Among the Young
High levels of un- and underemployment among the young are undermining their mental health. And the damage might be lasting.
Read more...Michael Hudson: The New Cold War’s Ukraine Gambit
Michael Hudson discusses the economic and political motives behind making Ukraine a focal point in a new cold war, such as the fact that the Ukraine is an important supplier of military equipment to Russia.
Read more...The Chronic Exporters’ Curse?
Why the much-envied position of being a chronic exporter isn’t quite a bed of roses.
Read more...Richard Alford: Not Only Are Economists in Policy Roles Bad at Forecasting, They Also Do a Poor Job of Allowing for Error
Understanding the odds and possible impact of forecasting error should be a important element of policy design. But it isn’t!
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