by Joseph Joyce The G20 and the (Non)Pursuit of Financial Stability One of the legacies of the response to global financial crisis was supposed to be a renewed focus on international financial stability. A manifestation of this effort was the transformation of the Financial Stability Forum by the Group of Twenty (G20) into the Financial […]
The G20 and the (Non)Pursuit of Financial Stability
Open thread Dec. 6, 2014
The theory of global imbalances: mainstream economics vs. structural Keynesianism
Dan here…Thomas Palley is Senior Economic Policy Advisor, AFL-CIO Washington DC. Here he addresses the issues of trade imbalances in a paper worth considering. by Thomas Palley The theory of global imbalances: mainstream economics vs. structural Keynesianism Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances […]
Oil Price Slide – No Good Way Out
Dan here… Gail is an actuary interested in finite world issues – oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to inadequate supply. Her blog Our Finite World offers an extensive look at these issues. […]
Open thread Dec. 2, 2014
Oil Market Remarks by Spencer as Taken from Comments
Lifted from comments from this post, Angry Bear Spencer England further explains oil and markets: Oil production is an unusual business in that virtually all of the cost of getting crude to the refiner is fixed costs while variable cost or current spending is insignificant. Economic theory, at least what you will learn if you […]
A little reminder: 20 years after being ordered to tally cop shootings, the DOJ still isn’t doing it
Via Dailykos, the story points to the lack of information on police-related killings: … But as Lee (and other reporters) have pointed out, these numbers, striking as they are, just aren’t reliable. Together with some colleagues and help from criminologists, Richard Florida atThe Atlantic magazine’s CityLab took a look in August at the available statistics […]
oil and markets
Bloomberg news points to continued trends in oil production and prices. Yves Smith also comments here. …Conventional oil producers in OPEC can no longer dictate prices, United Arab Emirates Energy Minister Suhail Al-Mazrouei said in an interview on Nov. 26. Newcomers to the market who have the highest costs and created the glut should […]
Longing for More, Wanting What We Have
Dan here…sometimes just economics isn’t enough even on an economics blog. This sermon was lightly edited for readability. by Rev. Nathan Detering (First Parish Sherborn, MA) Longing for More, Wanting What We Have “Have compassion for everyone you meet even if they don’t want it. What seems conceit, bad manners or cynicism is always […]