Europe

I haven't written about Brexit in months now, largely because it has become so unpredictable that I have had nothing to say. After we saw the delay that I predicted in December, the whole affair has just had too many moving parts to know…

By Marshall Auerback This article was originally published on AlterNet and produced by Economy for All, a project of the Independent Media Institute. We now know that there will be a changing of the guard at the European Central Bank…

The US Personal Income and Outlays report for June 2019 came out this morning. It showed personal income increasing 0.4% and wages and salaries increasing 0.5% last month. These are good numbers. And in conjunction with a lot of other data…

I have been troubled by the lack of policy space in Europe for some time now, particularly as it concerns Italy. But this is coming to a head for me this morning, with the German government auctioning 10-year paper at 24 basis points below…

By Marshall Auerback This post was originally published on AlterNet The breakdown in the Sino-U.S. trade talks has led a number of commentators to suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as…

I have been trying to organize a decent exchange on MMT on the new financial media platform Real Vision. My first attempt got dropped because the conversation wasn't forward looking, diving into the issues people care about, namely the…

Yesterday, in the US, the S&P 500 and the Nasdaq indices hit record highs. And the Dow Jones Industrial Average is not far behind. Financial markets are doing well. In the real economy, for weeks now I have suggested that the signs of…

The overall macro message I have been making the past several months is that the global economy has cooled to perhaps its slowest growth since the financial crisis. Yet, when we look for signs of imminent recession in the US or for…

Very quickly here: Yesterday, British Prime Minister Theresa May gave an informal address to the nation from her couch at a the Prime Minister's country retreat, Chequers.The informality of the address is what first caught people’s eye.…

This post is going to be relatively long because I am going to try to combine a number of threads together. I thought about putting this post in the investor newsletter pool. But I am going to give it a wider distribution because of the…