Category: Economy

Why trade deficits can’t always be solved by price, as in tariffs or currency manipulation.

On Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System, including how some of his key ideas have been borne out.

~ Today’s Water Cooler: Politics, Syndemics Court filing: DOGE website claims another victim; : Myopia epidemic: literally!; Pseudo-science in machine learning. ~ ~

Will the bond market rein in Donald Trump? FT Why Asian central banks are starting to decouple from the Fed South China Morning Post Climate Community estimate of global glacier…

Yves here. We have yet another report from uber-neocon Simon Watkins, here on the US plans to mess Iran oil sales to China. resilc, who had worked extensively overseas and…

We wrote some years back that there were seriously rotten things afoot in unicorn-land and venture capital generally. That assessment is now borne out by a new Bloomberg story by…

Yves here. While this article makes an important point about how Musk is trying to seize governmental control from the professional-managerial class (particularly lawyers) and top figures in key power…

By Lambert Strether. Bird Song of the Day Brown Thrasher, Indian Springs WMA, two-track road, Washington, Maryland, United States. “Adult male Brown Thrasher singing from lower branches of a Sycamore…

Martin Wolf, the long-standing chief economics commentator at the Financial Times, had a meltdown of sorts in his latest column, which as shown above is titled We must fund oppositions…

Yves here. I have retitled the post by John Ruehl because I regard the original title, which reflects the positioning of the piece to be misleading. Ruehl, playing on xenophobia,…