Home » Economics (Page 310)
Category Archives: Economics
A Week in the Life of a Topsy-Turvy Wildly Whirling World
A Week in the Life of a Topsy-Turvy Wildly Whirling World Let’s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019’s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. […]
Carbon tax fine print
Carbon tax fine print If the Paris agreement target of keeping global warming to well below 2°C is to be met, it is generally agreed that global emissions of carbon dioxide (CO2) from fossil fuels and industry need to peak and then decline very soon–meaning before the end of next year, or very shortly after. […]
Super Mario Draghi’s Day of Reckoning Has Arrived
Super Mario Draghi’s Day of Reckoning Has Arrived “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” — MARIO DRAGHI JULY 26TH 2012 No quote better defines Mario Draghi’s seven-plus years as the President of the European Central Bank than that quote. […]
A Modest Proposal for the Fed
A Modest Proposal for the Fed Quantitative easing, the program of asset buying initiated by the US Federal Reserve Bank in 2008, represents the most profound monetary experiment in the history of the world. Between fall of 2008 and fall of 2014, three successive rounds of QE quadrupled the monetary base of the world’s most-used and dominant currency, from less […]
Trade Group Targets Shareholders Pressuring Big Oil on Climate Change
Trade Group Targets Shareholders Pressuring Big Oil on Climate Change The National Association of Manufacturers (NAM), a 123-year-old trade group that has worked diligently to defend Big Oil in the burgeoning climate liability battles, has also taken on another opponent to the status quo: investors. In addition to filing briefs in defense of the fossil fuel industry, launching […]
Weekly Commentary: Q4 2018 Z.1 “Flow of Funds”
Weekly Commentary: Q4 2018 Z.1 “Flow of Funds” I’ve been anxiously awaiting the Fed’s Q4 2018 Z.1 “Flow of Funds” report. It provided the first comprehensive look at how this period’s market instability affected various sectors within the financial system. From ballooning Broker/Dealer balance sheets to surging “repo” lending to record Bank loan growth – […]
The Experiment
The Experiment How much longer will the middle class politely tolerate its own destruction? A middle class that outnumbers the combined poor and aristocracy is a relatively new phenomenon, dating back to around 1900. The rise of the middle class was the result of Industrial Revolution capitalism. It has been one of the most significant […]
Fake Money’s Face Value Deceit
Fake Money’s Face Value Deceit Shane Anthony Mele stumbled off the straight and narrow path many years ago. One bad decision here. Another there. And he was neck deep in the smelly stuff. These missteps compounded over the years and also magnified his natural shortcomings. Namely, that he’s a thief and – to be polite […]
Could a Green New Deal Save Civilization?
Could a Green New Deal Save Civilization? To fully and systematically address the climate/energy crisis, the plan will have to be far broader in scope than what is currently being proposed. And while we need to mobilize society as a whole with a World War II-level of effort, the reality is that there’s never been […]
ECB Warns Slowdown Isn’t Temporary: Draghi Announces Bold Stimulus Plan
ECB Warns Slowdown Isn’t Temporary: Draghi Announces Bold Stimulus Plan Mario Draghi surprised even the doves with his bold new stimulus plan. It won’t help one iota. The Wall Street Journal reports ECB Reverses Course With New Stimulus Measures. The European Central Bank made a major policy reversal Thursday, unveiling plans for fresh measures to stimulate […]
How United Nations scientists are preparing for the end of capitalism
How United Nations scientists are preparing for the end of capitalism Source: arabisouri, The Inevitable End of Capitalism, steemkr.com Preface. The article below was written by Nafeez Ahmed, who wrote one of my favorite books “Failing States, Collapsing Systems: BioPhysical Triggers of Political Violence“. Ahmed writes: “Most observers have no idea of the current biophysical realities – […]
Default Or Exit: A Battle Between Italy And The EU Is Inevitable
Default Or Exit: A Battle Between Italy And The EU Is Inevitable There is a dual Italian crisis brewing in the European Union. On the one hand, it is a political, or even geopolitical, crisis. Italy is undermining the unity of the European Union; blocking the EU’s recognition of those behind the coup in Venezuela […]
The Real New Deal
The Real New Deal While we’re on the issue of the Green New Deal, here’s an article by Dr. D. with an intro by Dr. D., one he sent me in the mail that contained the actual article, and that I think shouldn’t go to waste. I hope he agrees. Waste being the key term […]
Poetic Justice For The Aristocracy
Poetic Justice For The Aristocracy Two points about today’s political economy – and then a prediction involving Illinois: Point One: What’s coming is poetic justice for the aristocracy. The wave of populism/socialism/proto-fascism that’s sweeping the US and Europe is a direct result of the breathtaking hubris of a ruling class that didn’t know when to quit […]
David Stockman: The Undrainable Swamp & The Inevitable Recession
David Stockman: The Undrainable Swamp & The Inevitable Recession What the future of the post “Peak Trump” era holds. Love it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepend instead of drained, while the economy falls into […]
