Leave it to a self-described socialist to undermine his own argument. Decrying the apparent overabundance of personal hygiene and fashion, presidential candidate Bernie Sanders took to confounding as to how many ways evil capitalism could produce odor-altering products but leave so many so hungry. You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs [...]
Austerity has become a loaded concept, not the least of which has been tied to the very growing desire of issuers of past policies to delink them with our current situation. Primary among those is Ben Bernanke who has taken to blogging as a sort of obvious attempt at rehabilitation. Last week, I think, he really came out the worst [...]
If we have learned anything from this period in economic and financial history, it should have been to take great care when using or expecting past correlations as valid. There are innumerable examples where that dynamic shift applies, but it seems especially relevant at the end of April 2015. The amount of space and pixels dedicated to the idea that [...]
I believe the phrase that is attaining Paul Krugman all these invitations to “consult” on economic failure is one that he has used pretty consistently for years. He says “deflationary vortex” and for a long while it was ignored as studious monetarists were busy inflating away; except that none of them, from the Fed to BoJ to the ECB, even [...]
With the G-20 recoiling itself back into the same kinds of mistakes made in the 1960’s, leading directly to the Great Inflation, we will have to take into account the other end of that, namely other forms of “stimulus.” With the global economy sinking, and worries about it beginning to resound beyond just inconvenient bears, there is growing official consensus [...]
It seems everyone was short the franc (CHF) as a matter of taking monetarism at face value. In other words, it amounted to believing the central party line about the economy and normalcy despite the fact that markets have been increasingly pessimistic about it all and actively and aggressively betting against it. Goldman Sachs is just one of many: In [...]
I suppose this was not really a surprise given how the Japanese people seem to have simply accepted their fate, economically speaking, so the resounding re-election of Abe’s party removes any further sympathy from a people dooming themselves to this sustained, toxic course. The election itself was not all about the economy in immediate consideration as there were several other [...]
As distasteful as it can be, there will be, I believe, a necessary condition whereby closer examination of Paul Krugman’s writings and rantings is fruitful. The rise of Keynesian doctrine, more specifically the re-rise, seems to be more and more prevalent especially as the global economy careens out and away from all the trillions in monetarisms that have been perpetrated [...]
It is almost completely absent from mainstream discourse, but there is a developing theme that is wholly “unexpected” to the political class. Sweden is not known for representing the highest forms of instability, maybe an avatar that it hasn’t fully earned apart from media sensationalism, yet that is exactly where we find the Nordic nation at the moment. As of [...]
We have clearly entered unchartered financial and economic terrain, a sentiment that applies so broadly as to lose almost all meaning. In fact, the world has strayed off the beaten path for so long “we” have little memory of what “normal” actually feels and looks like. The latest figment toward that direction is the growing errors of orthodoxy as it [...]
Stay In Touch