finance news

Here’s round two of the links, this time on Europe. It is mostly about the ECB and the rumours about unlimited liquidity. I have already written about this twice today so I won’t say any more. But I will note the Reuters article on how…

The fact that earnings are declining at US companies should not be a surprise given the decline I reported in earnings on the national income and product accounts for Q1. But now reported earnings are showing year-on-year declines for the…

I want to highlight three articles on the issue of jobs and full employment because they give one a view of the employment issue from various angles. First is the brief history of unemployment in Britain covering data from 1855. What we see…

Last week, in framing the Greek elections, I reminded you that irrespective of who won the elections in Greece on Sunday, it was clear that Greece would be unable to hit their deficit targets. This is why the German government is already…

Daily commentary Nokia is finished in my view. It was clear before they switched to the Windows Mobile platform that their existing platform was not going to survive the onslaught from smart phones with Apple iOS and Android operating…

MONETARY REALISM | PRAGMATIC CAPITALISM I feel that the core operational aspects of MMT are among the most important ideas in the world and my goal here has always been to help promote those ideas.   Because I believe…