While watching some Steve Keen interviews, I was struck by something. I have known for a long time that mainstream economists pay no attention what so ever to private sector debt levels. I never really dug into why. But Keen specifically touched on …
Tag Archive for Mainstream Economists
Bears Chat, Best of the Forums
The Ultimate Contrary Indicator: Mainstream Economists
by a Wall Street Examiner • • 0 Comments
What makes these economists so confident? It can not be the slew of recent negative surprises in economic data, which has led to a plunge in Citigroup’s global ‘economic surprise index’ from about 100 points to almost zero – a three month low….
Charts, Economics
Economic Charts- Factory Orders, the Stock Market and the Fed
by Lee Adler • • 1 Comment
Economic pundits and the Wall Street captive media are fond of telling people that the stock market is a discounting mechanism and that it leads the economy. I’m just as fond of showing that the market does neither. Both the market and the economy are mechanisms that respond to changes in macro liquidity. The Fed…
Best of the Forums
When the going gets weird, the weird turn pro
by Newswires •
by Spock And man, are things getting weird now or what? First, the UK has a failed gilt auction AFTER the BofE promises to backstop the gov’t debt. Then, the U.S. Treasury prices fall for five days straight AFTER the Fed announces their own “Quantative Sleazing” program.
