Greenwash? Passé. But bear costumes... 28-6-22 Do we need a new theory of evolution? - by Stephen Buranyi 25-6-22 ft - Crypto feels the shockwaves from its own ‘credit crisis’ 25-6-22 ft - G7 - economists: recession ‘increasingly likely 25-6-22 maroonmacro - "Securitization" – Repo as a Driver of Securitization 9-6-22 Larry Summers: deep recession … Continue reading Updates
This review serves up some excellent articles, including CasP's Blair Fix on the "Ritual of Capitalisation", John Komlos on the US economy, and Radhika Desai with Michael Hudson on the "Dollar Creditocracy". But it is Ib Ravn's "educational" article on banking, money creation and credit money that stands out as a uniquely comprehensible introduction to the real existing money system. Highly recommended!
This crisp little pick 'n' mix history of money by Jacob Goldstein makes for an easy, entertaining read. As gripping as a money book can be it has the light touch of journalistic storytelling, veined by vivid vignettes and sorted around some refreshingly newish themes. Like China's paper money phase or a chapter on John … Continue reading MONEY – the true story of a made up thing – by JACOB GOLDSTEIN
"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks." "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!
David Orrell Quantum Economics, 2019, p 238 The penny drops While ... many mainstream economists have continued to make excuses for their epic forecasting miss , not all have been so sanguine . George Akerlof and Robert Shiller wrote in their 2015 Phishing for Phools : ‘ It is truly remarkable that so few economists … Continue reading D Orrell Quantum Economics – critical main-streamers