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
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
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 ?
Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta
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.
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 ?”
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 12-2023 medium.com 27-11-2023 The Great Simplification Ahead - “Until debt tear us apart” - by B There is no denying that a major economic downturn is … Continue reading DEBT past present future public private crisis
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
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