Posts in "Economics"

[Australia’s next crisis, part 3: the Regulator’s view] ASIC says it’s got the Big Aussie short covered

Part3: A big-short scenario for Australia has been getting a lot of attention this week. John Hempton, Bronte Capital‘s chief investment officer (a hedge fund) and Jonathan Tepper, an economist and founder of Variant Perception (an Independent Global Macroeconomic Research that presents itself as “contrarian investment analysis”) believe that Australia is heading to a scenario eponymous to… Continue reading

[Australia’s next crisis, part 2: the bull view] ‘Big Short’ on Aussie banks ‘will take years’ if true, JPMorgan says

Part2: A big-short scenario for Australia has been getting a lot of attention this week. John Hempton, Bronte Capital‘s chief investment officer (a hedge fund) and Jonathan Tepper, an economist and founder of Variant Perception (an Independent Global Macroeconomic Research that presents itself as “contrarian investment analysis”) believe that Australia is heading to a scenario eponymous to… Continue reading

[Australia’s next crisis, part 1: the bear view] Uncovering the big Aussie short

Part1: A big-short scenario for Australia has been getting a lot of attention this week. John Hempton, Bronte Capital‘s chief investment officer (a hedge fund) and Jonathan Tepper, an economist and founder of Variant Perception (an Independent Global Macroeconomic Research that presents itself as “contrarian investment analysis”) believe that Australia is heading to a scenario eponymous to… Continue reading

Mapping the emerging Post-Capitalist Paradigm and its main Thinkers

This is a cross-post of a diagram and text we originally did for the P2P Foundation and which they first published on their wiki “http://blog.p2pfoundation.net”. It unexpectedly generated a lot comments. We took theme into account and updated the diagram for their site “http://CommonsTransition.org“, which generated further comments. A lot of discussion also happened on the excellent Facebook group “Friends of the P2P… Continue reading

[Freudian] Former US Treasury Secretary Henry Paulson cannot stop laughing about inequality: “We Made It Wider!”

At a conference hosted in April 2015 by the real wolf of Wall Street Mike Milken (sentenced to ten years in prison for racketeering and securities fraud in 1989, fined $600 million, permanently barred from the securities industry), questioned by Sheryl Sandberg and former US Treasury Secretary Robert Rubin (former co chairman of Goldman Sachs who… Continue reading

[Greek Tragedy] Former finance minister Yanis Varoufakis comes back on Greece’s economic crisis

The Australian Magazine The Monthly published in its August 2015 issue an excellent interview of former finance minister Yanis Varoufakis. With the benefit of hindsight, he comes back on the circumstances of the crisis that took place in June-July, the cynicism of the Troika, the various views within Syriza. Here is the text in full, as well… Continue reading

“Why falling food prices mean the US Fed won’t probably raise rates (yet)?”: analysing the pros and cons

In anticipation of this coming week’s US Fed meeting to decide on short-term interest rates, some analysts have been discussing an interesting link between food prices and the US Fed rates. Here is how it goes…
As the latest figures from the UN Food and Agriculture Organisation indicate, with a 5.2% drop, global food prices have fallen at… Continue reading

[Not really a Black Swan any more, but a butterfly effect scenario] Greece is a thriller, but China is a horror show

A good column by Australian economics journalist Alan Kohler on what is looking less and less like a Black Swan (as everyone sees it coming), and more and more as butterfly effect that is threatening the global economy.
All eyes are on Greece with the EU freezing cash supply in retribution against Prime Minister Alexis Tsipras… Continue reading

With Piketty, Capital will be just fine in the 21st century

[Eng – Fr]
Marxist French economist Frédéric Lordon who clearly rejects mainstream neoclassical economics positions, but also challenges the Left has written a pugnacious and thoughtful critique of PIKETTY’s book “Capital in the 21st Century”. Whilst the Blaq Swans are busy translating this essay in English, you can practice your French and enjoy the original version here