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
>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
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 ?”
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
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 -complimentary, eco, energy, ideal, next currencies – Terrasee alsoALT currencies -commercial -digital -blockchain -crypto, bitcoin , internet -big tech, -metaverse, web3Digital Money News – CBDC, sovereign digital currencies, monetary politics archivemonetary fiscal US/UKmonetary fiscal EUlocal currenciesmonetary reformmonetary reform B Lietaer M Kennedypost 4/2021 Digital Corrections – Will Crypto Save Capitalism, and the … Continue reading ALT currencies – eco, energy, ideal, local, next