>inequality,inflation, housing, wages mishtalk.com 15-4-2022 Housing Affordability Declines Nearly 23 Percent In Less Than a Year - by Mish .."...The NAR defines affordable as the degree to which a typical family can afford the monthly mortgage payments on a typical home. (affordability calculation here) ... The US Housing Affordability Index has moved down to its … Continue reading housing -inequality, land, property, renting, rentier-capitalism
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
itv.com/ 4/2021 A time-lapse video feature launched by Google Earth has drawn on nearly four decades of satellite imagery to vividly illustrate how the impact of humans and climate change have affected the planet. https://www.youtube.com/watch?v=5W-zPqrGQWA&t=2s What to do? Wise up off mainstream, from Growth to De- Growth or ALTcurrencies to SustainabilityTheEconomist climate-change hubsee also … Continue reading ECO CRISIS – Climate
You want to change the world? Save humanity from self-destruction? Whether or not you like Yanis Varoufakis, he does seem to have a big heart and possibly a bigger brain than most of us. Just his impressively imagined other banking system is stacked with app-to-date-details hard to keep up with. Don't be distracted by political … Continue reading ANOTHER NOW Dispatches from an Alternative Present by YANIS VAROUFAKIS
Mariana Mazzucato “Mission Economy”- “The Enterpreneurial State" - "The Value of Everything"
"The deal broke two historic taboos," writes The Economist. "First, Europe’s leaders agreed that the European Commission ... may incur debt at an unprecedented scale. The NGEU will be funded by borrowing over six years, with bonds issued at maturities extending to 2058. Second, €390bn of the €750bn will be distributed as grants, and hence … Continue reading M & M Push EU Across Rubicon
"No more lame duck" but Hoffnungstraeger ist Merkel jetzt als Euro Presidentin, schreibt Merkel-Biographin Judy Dempsey und diagnistiziert eine dritte Merkelwende. Auch Politico's Paul Taylor sieht einen Merkel Milestone Moment: "In the twilight of her chancellorship, Angela Merkel has secured her place in the pantheon of European statesmanship by agreeing to common EU borrowing to help the … Continue reading Merkel Momentum?
"The force that has propelled the stock market rally is about to exhaust itself this week." Says Nigam Arora of marketwatch. "That force is related to a short-squeeze." I don't usually do oracle stuff but I couldn't resist this one... Update 24/04/20 "How many shapes can a recession take?" the guardian has them all Just follow … Continue reading Squeezed V ?
Let it not be said that there is no German resistance to Black Zero Worship. Papers like DIE ZEIT have cast doubt on the wisdom of the Schwarze Null as far back as September : "If the SPD and Union agree on one issue, then this one: The black zero must stand. The ... Chancellor and her … Continue reading German Resistance
"If you are looking for intent AND stupidity, look at governments" World Citizen on Mishtalk. I call this this post QE3 because it turns out to be my third one on this topic. "End of (His)story" was the first. Not that I realised. I was just poking fun at all the defunct economics (1) implict … Continue reading QE3 : The Board Members’ Memo