Thursday , March 28 2024
Home / Tag Archives: US economy

Tag Archives: US economy

The (possibly lost) Coronavirus Opportunity — Pablo Pardo

Not specifically about MMT but this: Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins...

Read More »

America Escalates its “Democratic” Oil War in the Near East — Michael Hudson

The assassination was intended to escalate America’s presence in Iraq to keep control the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control o Near Eastern oil as a buttress o the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down.  I sat in on discussions of this policy as it was...

Read More »

Bill Mitchell — US economy continues to grow, albeit at a slower pace—

The US Bureau of Economic Analysis (BEA) released the – Gross Domestic Product, Third Quarter 2019 (Advance Estimate) – data yesterday (October 30, 2019). It shows that the US economy “increased at an annual rate of 1.9 percent in the third quarter of 2019” which was slightly slow than the 2 per cent recorded in the June quarter. As this is only the “Advance estimate” (based on incomplete data) there is every likelihood that the figure will be revised when the “second estimate” is published...

Read More »

Economic Policy Institute — Labor Day Series

Economic Policy InstituteBlack workers endure persistent racial disparities in employment outcomesPart of the series Labor Day 2019: How Well Is the American Economy Working for Working People? Summary: Black workers are twice as likely to be unemployed as white workers overall (6.4% vs. 3.1%). Even black workers with a college degree are more likely to be unemployed than similarly educated white workers (3.5% vs. 2.2%). When they are employed, black workers with a college or advanced degree...

Read More »

In Conversation with Gabriel Zucman — Heather Boushey with Gabriel Zucman

In this installment, Equitable Growth Executive Director Heather Boushey talks with Gabriel Zucman, professor in the Economics Department at the University of California, Berkeley. His research focuses on global wealth, inequality, and tax havens. Zucman also is co-director of the World Inequality Database, a database aiming at the provision of access to extensive data series on the world distribution of income and wealth. In an in-depth conversation about his research and its implications...

Read More »

Joseph P. Joyce — The Change in the U.S. Direct Investment Position

The U.S. has long held an external balance sheet that is comprised of foreign equity assets, mainly in the form of direct investment (DI), and liabilities held abroad primarily in the form of debt, including U.S. Treasury securities. This composition is known “long equity, short debt.” Pierre-Olivier Gourinchas of UC-Berkeley and Hélène Rey of the London Business School claim that this allocation has allowed the U.S. to serve as the “world’s venture capitalist,” issuing short-term debt in...

Read More »

The Structural-Demographic Roots of the UK Crisis Peter — Turchin

I am often asked, after my talks or on social media, to pass a judgment on the stability, or lack of it, of a particular country. For example, looking across the Atlantic to the United Kingdom, one sees a lot of parallels with the crisis we are currently living through in the US. The rise of populism, increasing fragmentation of the political landscape—do these similarities reflect deep structural trends below the surface? Such questions can only be answered with a proper...

Read More »

Bill Mitchell — Strong US growth disguises worrying trends

Bill analyzes the US private sector. He doesn't deal with the contribution of government, which is running record deficits, or the sectoral balances in this post.Bill Mitchell – billy blogStrong US growth disguises worrying trendsBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Read More »

Alan Longbon — U.S. Private Domestic Sector Balance Books A $147 Billion Surplus Through March 2019

SummaryThe US budget deficit is $147 billion in March 2019; this is a net add to private domestic sector income. Dollars added to the economy by the federal government allow the private sector to post a $147 billion surplus and add to its stock of net financial assets. Private credit growth was again flat and added less than $1.8 billion to the money supply. A big drop from the January contribution of over $70B. Further, income flows from the national government impact investment markets...

Read More »