photo credit: TheeErin Some A$2 trillion has been pumped into banks globally. Last night saw a record amount of commercial paper sold in the US, with the Fed buying some US$60 billion in debt. A record day in the US sharemarket followed. How many more days like that will last until the Fed’s kitty needs to be replenished? The Republican … Read More
Economic Funnies
Our crazed times demand the occasional laugh, even a good news story. www.brokershandsontheirfacesblog – every day a new photo appears! And in preparation for tomorrow… hinting at how the economy relies on the environment: Marking the 79th anniversary of the stock market crash that caused the Great Depression, artist collaborators Ligorano/Reese will stage a literal meltdown of the economy on … Read More
Renegade Economists Podcast 59
photo credit: purpleye photography Join our growing list of renegades by downloading the podcast. Show Notes R59 Recorded Wed Oct 22nd The End of Industrial Capitalism – Professor Michael Hudson slates the US political hierarchy and the bankers bailout. Alice and Karl bounce off this with evidence from WA & China and how lower property taxes will deepen the ditch … Read More
Economic Crisis Over? Dr Michael Hudson comments
photo credit: Sepperer Markus | www.weltraumsepp.blogspot.com We don’t think so. And neither does Dr Michael Hudson in this riveting interview (thanks to Guns and Butter, KPFA radio). Please listen. Forward this on. Hudson sums up the issues behind the credit crunch and the mystery behind the details of the bankers bailout in a damagingly direct manner. The world is at … Read More
Renegade Economists Podcast 58
photo credit: TheTruthAbout… You can download the podcast by following these directions Show Notes R58 Recorded Wed Oct 15th Aussie Knowhow – an interview with Agent John, telling it as it is from the street. John is one of the many self taught political economists concerned about the continuing plight of our policy makers and politicians. Have a laugh! Also … Read More