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Blain: “Who Will Purchase The €275 Billion Of Debt Italy Expects To Issue In 2019?”
Blain: “Who Will Purchase The €275 Billion Of Debt Italy Expects To Issue In 2019?” Gamma Ray Bursts, El-Erian on market disruption, Tech Stocks and Italy Bonds. “I’ve always admired Capital Mainwaring.” [I don’t!] I must stop reading newspapers. They are scary. Why worry about stocks and bonds when we’ve apparently got a pinwheel Nebula […]
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked […]
Ann Pettifor: If I governed the Bank of England, here’s what I do
Ann Pettifor: If I governed the Bank of England, here’s what I do The radical economist outlines how she’d overhaul the UK’s broken economy. If such an implausible appointment were ever to be made by a Labour chancellor, I would regard it as a great honour. The Bank of England stands at the pinnacle of […]
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions Yields on Italian government bonds fell on Wednesday morning as the euro climbed following reports that Italy’s ruling coalition might be open to reviewing its budget plan. Though the Italian government swiftly denied the reports about being open to changes in its plan, the […]
Does the Market Need a Heimlich Maneuver?
Does the Market Need a Heimlich Maneuver? For all we know, the panic selling is Wall Street’s way of forcing the Fed’s hand: stop with the rates increases already or Mr. Market expires. Markets everywhere are gagging on something: they’re sagging, crashing, imploding, blowing up, dropping and generally exhibiting signs of distress. Does the market […]
Britain’s enemy is not Russia but its own ruling class, UN report confirms
Britain’s enemy is not Russia but its own ruling class, UN report confirms Police officers search an area next to a homeless man, Windsor, Britain, October 11, 2018 © Reuters / Darren Staples As the UK political establishment rips itself to pieces over Brexit, a far greater crisis continues to afflict millions of victims of […]
Trump Administration on Track for $1 Trillion Budget Deficit This Year
Trump Administration on Track for $1 Trillion Budget Deficit This Year The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a […]
Mad World
MAD WORLD And I find it kinda funny, I find it kinda sad The dreams in which I’m dying are the best I’ve ever had I find it hard to tell you, I find it hard to take When people run in circles it’s a very very Mad world, mad world The haunting Gary Jules […]
Bank of America: Selling Will Continue, “Big Low” For Stocks Is Yet To Come
Bank of America: Selling Will Continue, “Big Low” For Stocks Is Yet To Come Many economists and financial analysts have said that the economy isn’t doing as well as the talking heads on TV are proclaiming. And now, even the Bank of America says it’s time to prepare for an even lower stock market, as […]
“A Sea Of Red”: Global Stocks Plunge With Tech Shares In Freefall
“A Sea Of Red”: Global Stocks Plunge With Tech Shares In Freefall While there was some nuance in yesterday’s pre-open trading, with Asia at least putting up a valiant defense to what would soon become another US rout, this morning the market theme is far simpler: a global sea of red. Stocks fell across the […]
Degrowth as a concrete utopia
Degrowth as a concrete utopia Economic growth can’t reduce inequalities; it merely postpones confronting exploitation. Español “My Visit to the Mountain Homestead.” Credit: Flickr/Eli Duke. CC BY 2.0. The emergence of interest in degrowth can be traced back to the 1st International Degrowth Conference organized in Paris in 2008. At this conference, degrowth was defined […]
Book Review: The Sustainable Economics of Elinor Ostrom: Commons, Contestation and Craft
Book Review: The Sustainable Economics of Elinor Ostrom: Commons, Contestation and Craft The threat posed by global warming and environmental degradation are the most pressing examples of what has become known over the past several decades as the ‘tragedy of the commons’. In this book, Derek Wall explores the work of the late Nobel Laureate, […]
Global Oil Price Deflation 2018 and Beyond
Global Oil Price Deflation 2018 and Beyond Photo Source wongaboo | CC BY 2.0 One of the key characteristics of the 2008-09 crash and its aftermath (i.e. chronic slow recovery in US and double and triple dip recessions in Europe and Japan) was a significant deflation in prices of global oil. After attaining well over […]
Does China Have Enough Gold to Move Toward Hard Currency?
Does China Have Enough Gold to Move Toward Hard Currency? Are the Chinese Keynesian? We can be reasonably certain that Chinese government officials approaching middle age have been heavily westernised through their education. Nowhere is this likely to matter more than in the fields of finance and economics. In these disciplines there is perhaps a […]
