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Subway using inspections to intentionally seize franchises from a largely immigrant and family based group of franchisees, ruining them financially in the process.
Yield curve use case for predicting a recession. The last 7 recessions have the same signature within the curve and that can't be a coincidence. Just when you think things cant get worse they can and often do. We should be planning for the more obvious risks of the future ...Read More
"With its finances and strategy in disarray and 95 percent of its market value erased, the German bank’s executives are putting the finishing touches on a painful restructuring plan that they hope will halt the company’s yearslong downward spiral. The plan, which could be announced next week, calls for the potential elimination of up to 20,000 jobs worldwide and largely shutting entire divisions of the company’s ailing Wall Street operations, according to people briefed on the matter"
V good long read on efforts to make the case for “an economy that suits society, rather than – as we have at present – a society subordinated to the economy.” #economics
"Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics. People displaced from those jobs are likely to find that comparable roles in the services sector have also been squeezed by automation, the firm said. ...Read More
This might also be interesting in the economics group.. About the polemic of spending hundreds of dollars on a single hoodie (/other luxury items) and branding them with charity..
*I am not a Nick Szabo fan* His blog is a very valuable resource for the historical analysis of money.
"The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion."
"There are six major changes in the global capitalist economy since the 1970s that increase the potential fragility, instability, and the amplification and propagation rate of the fragility-instability events"
Caitlin Long with some interesting musings on Facebooks predicted cryptocurrency venture
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Modern Monetary Theory (MMT) — Discussion and Resources
Here's a series of lectures on MMT presented in 2018 by L. Randall Wray (Levy Economics Institute, Bard College) at the University of Campinas, Brazil. Each of the lectures is 2+ hours long with a bibliography and a link to download the slides. Links and details on the texts and Via the MMT discord server - fairly new and small but it might pick up after a while. Link to join here: https://discordapp.com/invite/y6bz6Bd ...Read More
"Our reading of this special issue of the Journal of Industrial Ecology, leads us to conclude that there are two major gaps in the Circular Economy’s relevance for achieving global sustainability. It has not developed language or methods, or necessarily acknowledgement, of the need to shrink and slow material throughput… ...Read More
This is a good article to read in conjunction with this one: https://www.bloomberg.com/news/articles/2019-05-22/economics-reinvents-itself-every-few-decades-it-s-happening-now Seems like there might not be too much room to go back to the way things were before in case another recession hits. ...Read More
With interest rates close to zero in the US and at zero in Japan and Europe governments will have no choice but to rely on quantitative easing if another recession arrives. This goes along with the MMT theory that as long as inflation doesn’t increase governments don’t need to worry There are risks of politicizing government spending and politicians doing as they please for political reasons. I’m curious what happens if inflation does rise, will the Fed stop buying gov bonds prompting politicians to rein in spending? Or will the power of the Fed be eroded? ...Read More