Housing construction changes little in December; but increased mortgage rates from H2 2023 have not yet been digested  – by New Deal democrat For this post, I’m going to show what the housing market looks like from most to least leading of the indicators. That shows that, although this morning’s release for housing permits and starts for December was generally positive, it is more likely that housing construction will decline rather than...

Japan's Slowing GDP Due to Wealth Concentration

Christine Lagarde must have been reading my blog … European Central Bank President Christine Lagarde launched a stinging attack on the economics profession on Wednesday (17 January), accusing analysts of having “blind faith” in their models, which often bear little connection to reality. Speaking at an event entitled “How to Trust Economics” at the World Economic Forum in Davos, the ECB chief also suggested that economists constitute a “tribal clique” whose...

 A key factor in many manufacturing companies is the outsourcing of the manufacturing of components which the parent company has become expert in creating, manufacturing, and quality control of components. Unless a company’s employee is to be on site, it is difficult to ensure the quality of manufacture. The outsourced company does not have the innate ownership of the sourcing company. Been at this too long. I was reading on Linked-In how a bunch...

This piece by Lloyd Alter is about household indoor air contaminants. The reasoning for this is . . . Homes are far tighter than what they used to be by design. There is much less of an outside air exchange today. Unless, the home design allows it to breath. We are seeing a higher level of air pollutants which impact our health over time. Lloyd is asking us to step back and take a look at what everyday life dangers lie in within our homes....

Why quasi-experimental evaluations fail Evaluation research tends to be method-driven. Everything needs to be apportioned as an ‘input’ or ‘output’, so that the programme itself becomes a ‘variable’, and the chief research interest in it is to inspect the dosage in order to see that a good proper spoonful has been applied … The quasi-exprimental conception is again deficient. Communities clearly differ. They also have attributes that are not reducible to...

Blog There are other ways to tackle the cost of living crisis — just ask France and Spain From rent caps to free public transport, here are the French and Spanish policies our government should be looking at By Paulo Yunda 19 January 2024 New...

Danny Haiphong interviews Micheal Hudson. Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismCredit the Economic PlannerMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking UniversityIndia and Global Left interviews Michael Hudson. Video and transcript.India...

Episode 10 in our new Manga series – The Smith Family and their Adventures with Money – is now available. We are approaching the climax for Season 1.Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 10 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

This weeks guest is Cahal Moran. Cahal is an economist who specializes in behavioral economics. He did my PhD in economics at the University of Manchester and since 2019 have been a Fellow at the Psychological and Behavioral Science Department at the London School of Economics. Cahal quantitative skills including mathematics, statistics, and coding which are illustrated by his PhD and current research. I am also a published author, with his book The Econocracy selling 15,000+ copies and...