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763,156 comments by 11,141 registered users, 9 online now: astronut97, Blurtman, Dan8267, drBu, jessica, justme, mell, Peter P, Strategist

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Where Modern Macroeconomics Went Wrong
by BayAreaObserver in #Economics   Posted 2 days ago
This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century. It argues that at the heart of the failure were the...
Jim Chanos: U.S. Economy is Worse Than You Think
by BayAreaObserver in #Economics   19 comments, latest 3 months ago
The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” economic pipe dreams, and “portents of even worse things”. Lynn Parramore: Let’s talk about perceptions of the U.S....
Yes, Your Parents' Status Does Influence Your Earning Power
by BayAreaObserver in #Economics   44 comments, latest 3 months ago
Welcome to the lottery of birth. Britain is joined by the U.S., France and Italy in having a high correlation between parents' earnings and those of their children, according to...
How the GOP Could Make a Temporary Tax Cut Last for 20 Years
by BayAreaObserver in #Economics   2 comments, latest 3 months ago
Republicans in Congress seem resigned to the prospect of having to force all of their legislative hopes and dreams for the 115th Congress through the narrow window of a pair...

Trump, Republicans Make Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank Reform
by BayAreaObserver in #Economics   2 comments, latest 3 months ago
We’ve argued from the crisis onward that the limited re-regulation of banking that took place was inadequate. But the Republicans are whinging that banks nevertheless are being treated badly despite...
The Other Paris Agreement: US Walks Out On Accord To Combat Global Corporate Tax Evasion
by BayAreaObserver in #Economics   Posted 3 months ago
Less than a week after President Donald Trump announced that the U.S. would pull out of the Paris Climate Accord, the U.S. government abstained from signing another multilateral agreement in...
by Logan Mohtashami in #economics   103 comments, latest 3 months ago
#economics Just wanted to remind everyone 166,000,000 plus people working 5,740,000 job openings 79 months of job expansion 4 decade lows in unemployment claims 2 years from now the...
Former Goldman Sachs Exec Who Worked For Trump Aide Warns Of Another Financial Crisis
by BayAreaObserver in #Economics   1 comment, latest 4 months ago
As President Trump pushes to sell off public assets to financial firms and eliminate financial regulations, former Goldman Sachs executive Nomi Prins says America is on the verge of another...
Everyone's into meal kits like Blue Apron...until they're not: Sobering numbers underlie food subscription services
by BayAreaObserver in #Economics   2 comments, latest 4 months ago
Meal kits are practically everywhere, but data suggest consumers might be getting their fill. Proponents say they're convenient, healthy and more cost-effective than taking the family out for dinner. Yet...
Trump seeks to sell off half of the Strategic Petroleum Reserve
by BayAreaObserver in #Economics   27 comments, latest 4 months ago
The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald...
Car insurance rates are set to soar
by BayAreaObserver in #economics   12 comments, latest 4 months ago
Are higher car insurance rates coming? Ask the residents of Georgia, where Allstate Property & Casualty Insurance has just raised some auto premiums by 58 percent. The Good Hands People...
It's raining piss and shit thanks to capitalism
by Dan8267 in #economics   54 comments, latest 5 months ago
Literally raining piss and shit due to factory farming. #economics
Hypocrisy: All They Want is Money
by Dan8267 in #economics   4 comments, latest 5 months ago
How Middle-Class America Got Fleeced
by BayAreaObserver in #Economics   47 comments, latest 5 months ago
If you’re a middle-class American baby boomer or Gen Xer, you might have spent much of the past decade wondering what went wrong. If you’re a boomer, there’s a good...
The Great Debt Unwind: Consumer Bankruptcies Jump - First since 2010. Commercial Bankruptcies Spike
by BayAreaObserver in #Economics   2 comments, latest 5 months ago
But don’t blame the oil bust. Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the...

Musktopia Here We Come!
by BayAreaObserver in #Economics   Posted 6 months ago
It ought to be sign of just how delusional the nation is these days that Elon Musk of Tesla and Space X is taken seriously. Musk continues to dangle his...
Race to the Bottom: Cities and States Spend Over $45 Billion Per Year Competing for Jobs
by BayAreaObserver in #Economics   1 comment, latest 6 months ago
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or...
Greed kills cooperation and productivity
by Dan8267 in #economics   Posted 6 months ago
Princes of the Yen - Documentary
by BayAreaObserver in #Economics   Posted 7 months ago
“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how...
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