Michael Pettis Savings&Loans

https://carnegieendowment.org/chinafinancialmarkets/83365 Foreign Saving Gluts and American Financial Imbalances MICHAEL PETTIS The idea that trade imbalances are more likely to be the result of credit imbalances than of savings imbalances ignores the role of savings imbalances in creating credit imbalances. When a surplus country demands to be paid for its trade surplus with claims on American … Continue reading Michael Pettis Savings&Loans

CBDC – So Long, Cryptopians, Greet the New Digital Greenback – Robert Hockett -2022

> alt currencies -digital, blockchain, crypto, -commercial, state It started … if you’ll pardon the pun … a ‘bit’ over a decade ago, at least in its more popular manifestations – the spread of new talk of a strange new money form. Or was it a payment form, or a finance form, or something else? (It … Continue reading CBDC – So Long, Cryptopians, Greet the New Digital Greenback – Robert Hockett -2022

DIE MONETÄRE MASCHINE – Aaron Sahr’s Kritik der Finanziellen Vernunft

DIE MONETÄRE MASCHINE - Kritik der Finanziellen Vernunft - Aaron Sahr - Rezensionen, Buchbesprechungen, Pressestimmen, Podcasts, Videos -

hetero highlights

next generation political economy - hetero research - quantum , crypto, feminist, degrowth economics, monetary mechanics, NFT, metaverse, D Orrell, Y Veroufakis,

David Orrell’s Quantum Money Magic – a must-read for would-be economists

book review- David Orrell's impressive, intelligent and imaginative bomb of a book is a highly recommended read for all connoisseurs of curiosity and hope and an absolute must-read for would-be economists. - Before you invest years of your time and 1000s of your dollars to practice 101 Mankiw, take time to read this book. Don't pay big bucks before you've read this quantum leap of a mind-bender destroying incumbent thought like there is a tomorrow. It'll reach parts of your quantum brain you could never code into clockwork DSGE. Read this book to reconsider the relevant marginal utilites. Especially if you are a bit of a quant, a bit nerdy or a bit curious.

Milton Friedman’s Interest Rate Fallacy

strange positive correlation between borrowing volumes and interest rate levels? - uncreditworthy businesses are altogether excluded from global debt markets...

Eberhard Gamm – Geld als Buchführung

Eberhard Gamm GG pdf – 2021 Was ist Geld? Die fehlerhafte Buchführung der Banken und ihre Folgen – Eberhard Gamm Die KurzfassungIn diesem Buch wird gezeigt, dassGeld eine Buchführungsgrösse ist, mit der erbrachte und in Anspruch genommene Leistungen abgerechnet werden;es sich bei einer Zahlung um die Verbuchung einer Leistungstransaktion handelt;sich ein Kredit fundamental von einem … Continue reading Eberhard Gamm – Geld als Buchführung

Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Sehr Geehrte Ampel, In dem Glauben dass Sie meine freischaffenden Interessen am ehesten vertreten, möchte ich mich als Selbstständiger primär an Gelb, sekundär an Rot und zu guter Letzt an Grün wenden. Freiheit, Gerechtigkeit, Nachhaltigkeit - das ist gut. Ich freue mich Sie wollen auf dem Weg dorthin Fortschritt wagen. Gerade was die Digitalisierung angeht. … Continue reading Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Vorsprung durch Grünwasch

Ersparen Sie Grün? Im ewigen Kampf um die relative Kapitalisierung freut Bloomberg sich am Reputationsschaden einer populären Deutschen Grünwaschanlage. Trotz Kreditschwemme ist der Job der Vermögensverwalter nicht einfacher geworden. Der Anleger erwartet zwar Bitcoinartige Gewinne, möchte aber nicht mehr im Sklavenhandel stecken, zumindest nicht wissentlich, da das zu unangenehmen Schlafstörungen führt. Sklavenfreier Zucker? So versprechen … Continue reading Vorsprung durch Grünwasch

money MARKETS now and then – asset prices – capitalisation – valuation

Land&Wine? – Re-Evaluation Reversals Renegotiated markets- updated article here GM/post/caw 2-2022 Techno Crash to Land on Wine? Who says US rates will go up for real? Maybe the Fed’s endlessly extended expectation will do. No real rise yet but there has been worried talk of liquidity problems all along. Bears may gasp for breath as … Continue reading money MARKETS now and then – asset prices – capitalisation – valuation

Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’

  I was about to leave my bookshop empty handed when I spotted a money title from an author not male, not middle-aged and not white: "We Need to Talk About Money" by Otegha Uwagba. A rare book indeed! So collectible I bought the pricey hardback. Having read it I have no regrets. Like Bourdieu, … Continue reading Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’

BoE nudging mainstreamers toward re-discovery of credit channel ?

Looks as if just before the yachting season BoE economists have allowed themselves another peek beyond the pale of the classic Savings&Loans specs: ... "No existing studies that address the comovement puzzle account for the empirical movements in bank equity and credit spreads (see eg DiCecio (2009); Sterk (2010); Carlstrom and Fuerst (2009); Katayama and Kim (2013); Di Pace … Continue reading BoE nudging mainstreamers toward re-discovery of credit channel ?

Wie die Welt QE-süchtig wurde. Ann Pettifor zur Illusion des marktkonformen Entzugs.

Das dysfunktionale globales Finanzsystem wurde abhänging vom Neugeld der QE Notfallinfusionen. Der Glaube an systemkonforme Entzugstherapie ist eine naive Illusion.

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (3)

TheEconomist zur Dominanz des Kreditgeldes, dessen Missachtung durch die orthodoxe Ökonomie und die Schwierigkeiten einer Wirtschafts-Wissenschaft ohne Mensch und Geld

Digital Money News – updates and articles on CBDCs, monetary politics and state digital currencies

Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta

What happens when The Economist tries to escape from the Equilibrium Academy

DSGE Departures In one of its daring trips beyond the walls of orthodoxy The Economist is indulging in a historic turn, reflecting that "Strangely, most economic models do not treat the economy as an evolving thing, undergoing constant change. They instead describe it in terms of its equilibrium: a stable state in which prices balance … Continue reading What happens when The Economist tries to escape from the Equilibrium Academy

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (2)

Wie das kommende Digitale Zentralbankgeld (CBDC) die Banken und das Märchen vom Sparen bedroht; warum Banken kein Geld verleihen, es aber auch nicht Ex Nihilo schöpfen; und warum die orthodoxe Wirtschaftswissenschaft Geldschöpfung tabuisiert und Kreditgeld ignoriert.

CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Not quite. More like 101=404. Classical effort = Error not found. Missing as ever : The Money. “Economic action cannot, at least in capitalist society, be explained without taking account of money, and practically all economic propositions are relative to the modus operandi of a given monetary system,” Joseph Schumpeter 1939 The Economist special report 2021 The … Continue reading CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

ALT currencies -digital -blockchain -crypto, bitcoin , internet -big tech, -metaverse, web3

gaia0geld ALT currencies -digital -blockchain -crypto -NFT( bitcoin, diem, etc) , internet -big tech-metaverse, web3 this page this pagedigital commercial/internetupdatesinternet/web/big tech,blockchain/crypto/digital currencies, see alsogg-article/NewYorker 2021 bored-ape-avatars-taking-over-twitter- nft, crypto-currency - by Kyle Chaykahttps://gaiageld.com/data-metrics/ AI, data, metricshttps://gaiageld.com/big-tech-vincent-ventures-2021/https://gaiageld.com/altc-bitcoin-deciphering-crypto-j-norrington/https://gaiageld.com/digital-currencies-china-neil-ferguson/see alsoeco , energy, ideal, local, next currencies monetary reform    B Lietaer    M Kennedysovereign digital currencies – CBDC   https://gaiageld.com/2021/07/03/digital-money-news-updates-and-articles-on-cbdcs-monetary-politics-and-digital-currencies/monetary US/UK  monetary EU … Continue reading ALT currencies -digital -blockchain -crypto, bitcoin , internet -big tech, -metaverse, web3

Karlsruhe – what next?

verfassungsblog.de    27/4/2021  A Relieving Decision    by  Hanno Kube With its interim decision of 15 April 2021, the German Federal Constitutional Court has paved the way for ratification of the 2020 Own Resources Decision by the German side. The speculation that the temporary order issued on 26 March 2021 against the German President – … Continue reading Karlsruhe – what next?

WIRECARD’s Merkel Moment

  Ich hatte mich bisher kaum für WIRECARD interessiert. Just another Finanzskandal. Das ist ja auch in der Spar-Republik nichts Neues.

“Digital Corrections – will crypto save capitalism, and the FED ?”

The FED has no way of re-balancing or raising rates without crashing the markets. The FED doesn't want to take the blame. Not again. Even though the markets are crying out for a correction.  There is no discipline. The level of incontinence is unprecedented. QE has got to stop. But how? One would like new … Continue reading “Digital Corrections – will crypto save capitalism, and the FED ?”

green finance, investment – ESG, greenwashing

updates below updates >here - see also  > greenwashing   >sustainability ft.com  8/2021 The ESG investing industry is dangerous - A BlackRock dissident speaks truth - by Robert Armstrong Tariq Fancy is right about the ESG investment industry. Almost everything that Tariq Fancy says about environmental, social and corporate governance, or ESG, investing has been said before, in one form … Continue reading green finance, investment – ESG, greenwashing

DEBT past present future public private crisis

see also >Ann Pettifor cnbc.com 3-3-2022 Sri Lanka’s economic crisis deepens as the country is snowed under its crushing debt - by Sumathi Bala For Zahara Zain, the current times in Sri Lanka are  reminiscent of the early 1970s, when the country was fighting for its surviva, when the country was fighting for its survival amid … Continue reading DEBT past present future public private crisis

Monetary fiscal US UK Can Fed BoE BoC Brazil

unherd.com 3-5-2022 Is this the beginning of the end for the US dollar? - China is threatening to dump dollar reserves to protect them from seizure - by Philip Pilkington ..."On Saturday The Financial Times reported that the Chinese central bank and finance ministry held an internal conference discussing how to protect against potential US … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil

Ann Pettifor

g0g   deutsch hier Worldwide there are about 15.000 economists.  Six of them did predict the 2008/09 global-financial-crisis. Ann Pettifor was one of them. "Ann Pettifor, director of Policy Research in Macroeconomics (PRIME).  Pettifor’s 2006 publication – The Coming First World Debt Crisis – bombed on its release, but became a bestseller after the GFC. … Continue reading Ann Pettifor

“Stupid German Money”

Dummes Deutsches Geld As wkipedia tells us "Stupid German Money ... ist ein ursprünglich von der US-amerikanischen Filmwirtschaft geprägter Begriff für Gelder aus geschlossenen Medienfonds des deutschlandspezifischen grauen Kapitalmarkts. Diese Fonds wurden wegen hoher Abschreibungsmöglichkeiten als Steuersparmodell genutzt. Die Gelder flossen größtenteils in amerikanische Filmproduktionen." Since then it's been used derogatively and polemically to refer to … Continue reading “Stupid German Money”

The Queen, Seventeen, Halloween…

Ten years after the 2008 crisis I came across an old Guardian article : Queen finally finds out why no one saw the financial crisis coming Her Majesty gets the answer to her question – four years after she asked it – on a tour of the Bank of England One doesn't normally keep the … Continue reading The Queen, Seventeen, Halloween…

Steve Keen

ProfSteveKeen.compatreontwitteryoutubeineteconomics.org Steve Keen calls himself a Post-Keynesian. Not to be confused with new, neo or real Keynesians,  Post-Keynesians are probably the largest group of non mainstream economists, not least because they are a very mixed bunch. Keen is famous for being one of those who did see the 2007 crisis coming, for his "Debunking Economics", … Continue reading Steve Keen