Economics
Shaun Richards: The German economy contracts as inflation picks up on both Spain and Italy
Germany is entering recession, despite predictions from the great and the good that it wouldn’t. Read the article HERE.
Financial Institutions
Economics
Shaun Richards: The ECB is slamming the brakes on the Euro area economy
The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the […]
Economics
James Kinsella, Richard Fairchild – Bitcoin has shot up 50% since the new year, but here’s why new lows are probably still ahead
James Kinsella, University of Bath and Richard Fairchild, University of Bath To the delight of investors across the cryptosphere, the price of bitcoin (BTC) has rallied over 53% since its low of US$15,476 (£12,519) in […]
Economics
Bill Mitchell: Bank of Japan continues to show who has the power
1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program. 2. The Bank will not cede to this pressure, […]
Corruption
DiEM25 – The three pillars of EU corruption explained
The latest scandals to have hit the EU should come as no surprise. The EU and its institutions are corrupt by design, largely as a result of three fundamental pillars that serve to concentrate power […]
Economics
Macro & Cheese – Michael Hudson: The Destiny of Civilization: Finance Capitalism, Industrial Capitalism, or Socialism
Michael talks about the current global political economy, oil prices, debt jubilees, monetary hegemony, and the US political parties. When asked for solutions, his answers might be troubling to some. It’s worth hearing him out. Listen […]
Austerity
Michael Hudson, Radhika Desai – Introducing the Geopolitical Economy Hour
In a new podcast, every fortnight economies Radhika Desai and Michael Hudson will discuss major developments in the fast-changing world of geopolitical economy. In this first podcast, they introduce the themes they will discuss and […]
Economics
Paul De Grauwe, Yuemei Ji – Monetary policies that do not subsidise banks
Central banks pay interest on commercial banks’ holdings of cash reserves at the central bank. Thus, recent rate increases imply larger interest payments to commercial banks and loss of revenue for national governments. Paul De […]
Economics
Bill Mitchell – The Eurozone fictions continue to propagate
There was a Financial Times article recently (January 8, 2023) – Monetary independence is overrated, and the euro is riding high – from Martin Sandbu which strained credibility and continues the long tradition of pro-Euro […]
Economics
Michael Roberts – Davos 23: going pear-shaped
After receiving trillions from governments in the recent economic crises, corporations feel it would be better if they ran the world. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from […]