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Good economic news shakes US investors | Business
Optimism for an economic recovery is rising after a year of coronavirus-induced misery. But expectations of stronger growth – as well as the higher inflation that could accompany it – are pushing interest rates up, forcing investors to re-examine their valuation of stocks, bonds and any other investment. When trying to determine the value of …
Reviews | Texas Freeze illustrates a failing economic system
The Texas Freeze illustrates some of the shortcomings of conservative economics as a basis for the public good. The nation’s problems will only get worse as we pretend that private solutions are best for all situations. “In Texas, everyone agreed that everyone needed a robust power grid. But no one wanted to pay for it.” …
Trevor Hancock: Our economic system must recognize the price – and the value – of nature
A cynic, writes Oscar Wilde, is someone who “knows the price of everything and the value of nothing.” On this basis, our dominant economic system – corporate capitalism – is beyond cynicism. A cynic, writes Oscar Wilde, is someone who “knows the price of everything and the value of nothing.” On this basis, our dominant …
Central Banks and Inequality – Economic news, analysis and discussion
First appeared in Policy Center for the New South While the economic recovery around the world remains uneven, fragile and unbalanced across sectors, financial markets are generally doing very well, thank you! In the United States, only half of the unemployment caused by the pandemic last year has reversed, while stock markets have continued to …
Stopping the game Post Mortem. What trends are here to stay?
The bottom line: Expect disruption to occur in more areas of life as more technologies become democratized. People will try to take advantage of their newfound power by organizing themselves into large groups. What is happening: Fat-tail events are becoming more and more frequent. A cause is the digital hyper-connectivity of humans around the world. …