Thursday, February 7, 2019 7:13 PM EST
Productivity is not growing because capitalists are not investing due to weak demand. Therefore, trickle-down cannot work.
Muckraker of the Financial System
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Social investing practitioners would generally be in favor of banning someone who exhibits racial or ethnic hatred against whole groups of people. It is good to look at Facebook and at Google and compare the two with regard to social concerns.
There is a case to be made for sovereignty and mutual respect of sovereign nations, but just not in the way that Trump has made it. There is a benign sovereignty and a belligerent and hostile sovereignty. Is POTUS very dangerous or Hitler-lite?
Peter G. Peterson was a philanthropist for the wealthy, a reverse Robin Hood
I focus here on Elon Musk, because he is likely the the most powerful cult leader in America, other than perhaps Donald Trump. Elon Musk seems to be able to make outrageous statements and still retain his followers.
In this article: TSLA
Trump Embraces Ford Focus production in China when it railed against them being produced in Mexico. Why is this?
In this article: F
It appears that Steve Bannon is now courting favor of the White House. I wrote about how radical he is as he has espoused a libertarian economic agenda on steroids.
The United States is a prosperous nation. But attacking the poor is not the way to remain prosperous. It has been tried before with disastrous results.
NAFTA renegotiations are unleashed. But Canada and Mexico are our greatest tourist partners.
Work Experience
| Blogger | |
| Examples of Globalization Blog | |
| 2010 - Present (9 years 3 months) | |
|
On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that. http://www.examplesofglobalization.com |
Latest Comments
MMT And Its Fictional Discipline
Helicopter money would be far safer and easier than MMT.
A Balanced Budget
Austerity from time to time could help, but continual austerity like we see in Europe is a total failure.
Retail Sales Growth Disappoints In December 2018
This must be what winning looks like. Or not.
Despite Six Years, Triple Dip Recession
Banks are weak.
US Inflation Heads Higher, When Will Rates?
Capacity utilization is creeping up towards 80, which was the average for much our national history. The question is, when will it cause serious wage inflation to be a threat. It may push up against recessionary pressures before that time.
When Money Is No Longer Artificially Money
Interesting rant. Worth the read. Of course, Dec 2018 only shows manufacuring productivity growth. We still don't know what total non farm productivity growth is. There are some coming out to work who stopped looking in the low growth years of 2014 and 2015. But wage growth for this mini recovery are historically low, except for durable goods. This is still the New Normal, Peter.
Surge In Auto Loan Delinquencies: Auto Loans In High Gear
Low wages and low productivity growth make these easy money delinquencies expected. If Fed economists are surprised they prove Jeffrey P Snider's position that the Fed has no clue about this economy.
The Dog Ate My Eurozone Recovery
The US is navigating the dangerous waters of a global trade war with aplomb? Seriously? Only if a deal that is half way meaningful comes out soon, with no other tariffs on Europe, etc. Otherwise, the stock market will not feel aplomb.
ZIRP At 20; The ZLB Is A Trap, But Not The One Central Bankers Think It Is
Since it is considered dirty to just pump money in without offsetting sterilization in Japan, nothing happened, no inflation at all.
US Farm Belt Bankruptcies Climb, Canada The Beneficiary Of Trump's Trade Policy
From Mish: Trump's trade policies have been an unmitigated disaster.
And: The US has trillion dollar deficits as far as the eye can see, and recession hasn't even hit. Unfortunately, the most likely way the trade deficit drops is via an import demand collapse in the next recession.
Trump's deal will be like the deal he made with Korea. It won't be a win for America. It won't bring business to our shores, except on the edges. Maybe some high end production. Wages are too high here in comparison to China. That can't be changed by any deal.