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
Tag: Michael Pettis
housing – land, property, renting – inequality, rentier-capitalism
featured/selected - updates below goodreads - countryfile - oxfordblue - ribaj - thetimes 2019 Who Owns England? - by Guy Shrubsole whoownsengland.org Who owns England? This blog is an attempt to answer that question – one of the most closely-guarded secrets in the thousand-year-old history of this country. Who owns our country matters. It matters … Continue reading housing – land, property, renting – inequality, rentier-capitalism
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 ?
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
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.
“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 ?”
DEBT past present future public private crisis
featured/intro updates below see also >Ann Pettifor >Michael Hudson >David Graeber twitter.com 2022 "A theory of debt is basically a theory of everything" - Andrew J. Douglas debt updates 4-2023 theguardian.com 13-4-2023 Wealthy west has little excuse after finally waking up to global debt crisis - As recent banking failures in US and Europe show, … Continue reading DEBT past present future public private crisis
Zahlmeister entpuppt sich als Milchmädchen
The UK's Daily Express daily feeds Brexiteers with eye-popping revelations about the imminent implosion of the EU . One soon learns not to put one's money on those. But the unearthing of a 2year old CEP report caught my attention. It's got some eye-popping numbers relevant to Germany's idea of it's position in Europe : … Continue reading Zahlmeister entpuppt sich als Milchmädchen
ALT currencies – any, eco, energy, ideal, next
this page: ALT currencies -any, complimentary, eco, energy, ideal, next currencies see also on gg ALT currencies local ALT currencies – eco- green- sustainable- degrowh- democratised- ideal- MONEY, demurrage ALT currencies -commercial -digital -blockchain -crypto, bitcoin , internet -big tech, -metaverse, web3 Digital Money News – CBDC, sovereign digital currencies, monetary politics archive monetary fiscal … Continue reading ALT currencies – any, eco, energy, ideal, next