Banks gouging super profits, yield curve inversion – nothing good is out there — Bill Mitchell

Summary:
It’s Wednesday and we have some snippets that really just make way for the music feature. Today, I consider the recent inversion of the US yield curve, which is typically a sign that recession is around the corner. We also learn that while most people are being hit with rising prices and flat wages, the banks are recording record net interest income as a result of their non-competitive, cartel like behaviour. And we wonder how more silly can the Swedish central bank prize in economics become. And then, after all that, we have the music feature to rescue the day.…Bill Mitchell – billy blogBanks gouging super profits, yield curve inversion – nothing good is out thereBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of

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