Noni hasn’t written a macro-philosophical op-ed for Angry Bear in a few years. She adds a different touch to our macro. By Noni Mausa Endurance, Shovedown and Pancaking Over the past few years I have been trying to put a name to a dominant part of the human economy. Its defining nature […]
Yves smith writes: You must go, now, and read a critically important piece questioning the logic of sending American manufacturing jobs offshore. It’s titled Losing Sparta (hat tip Dikaios Logos) by Ester Kaplan in VQR. We have written regularly about how we have been repeatedly told by managers and executives that the case for offshoring […]
“… the fundamental law of capitalism must be: If workers have more money, businesses have more customers.” Nick Hanauer Keynes wrote that insufficient effective demand could “bring the increase of employment to a standstill before a level of full employment has been reached”. We may have this problem. So… What is effective demand? I base […]
Lance Roberts has a piece called Not Seeing Signs of Market Exuberance? Look Closer. He talks about the psychology of gamblers to expect winning even when the news is bad. He makes the connection to the stock market that traders keep pushing the market higher in spite of less-than-good news. He then makes the connection […]
In a piece yesterday called High Asset Prices, the Savings Glut, Secular Stagnation, and Unemployment, Dean Baker wrote… “The idea that the economy could be subject to an ongoing problem of inadequate demand used to be grounds for eviction from the realm of serious economists. But anyone who is willing to look at the evidence with […]
I was not surprised to learn that conservatives assert that the recent increase in the growth of employment and reduction in unemployment are due to the failure to extend extended unemployment insurance. The headline labor force statistics have changed in the direction they predicted. Steve Benen noted the argument and linked to counter arguments by […]
David Weidner wrote an article today called, Dow 17,000 is on the wrong side of history. It is a must read. Here is a brief recap… “But more than any modern bull market, this one stands alone in that it’s squarely out of step with economic growth. It’s being driven higher by just a few […]
by Sandwichman at Econospeak Stinting and saving… without stint or shirk! ‘Tis work, work, work, without stint or shirk. Till the world of his wares is full; This worker, I trow, we all of us know, And his name it is John Bull. —- “Oh, then,” cried the lad, “where’s the good, I should like […]
Paul Krugman is making a case that asset prices are not high once you realize that interest rates are not artificially low. So why are interest rates not artificially low? He states… “Once you accept the possibility that rates belong where they are, or even a bit lower, to correspond to the Wicksellian natural rate, […]
by Joseph Joyce China’s Outward FDI According to the United Nations Conference on Trade and Development’s latest World Investment Report Overview 2014, Foreign Direct Investment inflows to China reached $124 billion last year, while outflows rose to $101 billion. The Report anticipates that outflows will surpass inflows within the next few years, changing China from […]