What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they … Is the Run on the Dollar Due to Panic or Greed?Read more
Economics
Posted inEconomics / Housing / News / USA Empire
Apple’s $2.5 Billion Home Loan Program a Distraction From its Tax Avoidance
Sen. Bernie Sanders on Monday sharply criticized an announcement from tech giant Apple that the company would invest $2.5 billion in helping to asssuage the … Apple’s $2.5 Billion Home Loan Program a Distraction From its Tax AvoidanceRead more
Posted inEconomics / ToMl
When George Soros Broke the British Pound
In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars … When George Soros Broke the British PoundRead more
Posted inEconomics / Inequality / News
Millennials earn 20% less than Boomers did at same stage of life
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, … Millennials earn 20% less than Boomers did at same stage of lifeRead more
Posted inEconomics / Politics / ToMl
If tax havens scare you, monopolies should too. And vice versa
The BBC recently carried a short article which began: “Luxembourg’s data privacy watchdog says it is in discussions with Amazon about voice recordings made of … If tax havens scare you, monopolies should too. And vice versaRead more
Posted inEconomics / Neoliberalism / Politics / ToMl
Neoliberalism Tells Us We’re Selfish Souls
“Economics is the method: the object is to change the soul.” Understanding why Thatcher said this is central to understanding the neoliberal project, and how … Neoliberalism Tells Us We’re Selfish SoulsRead more
Posted inClimate Disaster / Economics / Fossil fuel / Media / ToMl
ExxonMobil Is Still Bankrolling Climate Science Deniers
ExxonMobil says it believes “the risk of climate change is real,” and it is “committed to being part of the solution.” The largest investor-owned oil … ExxonMobil Is Still Bankrolling Climate Science DeniersRead more
Posted inEconomics / ToMl
Restoring the Korean Economic Miracle
Satisfaction in the workplace is a major component of the “happiness” index; but it is a satisfaction that young people joining the workforce today are … Restoring the Korean Economic MiracleRead more
Posted inEconomics / Finance / ToMl
Why Online Shoppers Face Peculiar Results on Black Friday
“Dynamic Pricing” Online: Are Prices on Black Friday Actually Good Deals? Real-time “dynamic pricing” is a strategy based on which online sellers, such as retailers … Why Online Shoppers Face Peculiar Results on Black FridayRead more
Posted inEconomics / Multimedia
Junk Economics
Michael Hudson The Democracy Collaborative — source michael-hudson.com