#Economy

Richard Murphy

RichardJMurphy

The government is going to do £450bn of quantitative easing (QE) this year. That should more than cover its total borrowing fir the year, meaning the actual sum owed to

Michael Pettis

michaelxpettis

1) According to a global strategist at Rabobank, “Past an unknown critical threshold, [using monetary policy to deal with public deficit] could see the collapse of US dollar currency hegemony

Beautyon

Beautyon_

It took around a century beffore the theoretically predicted “Black Hole” was observed directly. Now with Bitcoin, the same thing is happening before your eyes. The theorized total absorption of

H. Sumeri

IraqiSecurity

The economy of #Iraq is teetering on the edge of collapse.Historically low oil prices and an extremely young population desperate for jobs has put the country on the road to

David Moscrop

David_Moscrop

Or, hear me out here, let them fail?https://twitter.com/Street_Insider/status/1354430650154176514 It's a good deal to be empowered to make risky bets, fail, get bailed out, suffer no real consequence for your actions,

Ben Casselman

bencasselman

The $600 supplement to unemployment benefits has allowed laid-off workers to pay rent and buy groceries, and has helped prop up the broader economy.Now we are mere days away from

Vinay Gupta

leashless

So here's my prediction: 30% odds that America splits up the next few years.But not in the way you think. Everybody thinks it's Democrats vs. Republicans, and flashpoint issues will

David Henig

DavidHenigUK

For maybe the last time today, but probably not the last time this week, crying the EU is horrid or claiming it is about to break up (those opposites that

Ben Casselman

bencasselman

Republicans want to extend additional unemployment benefits but cut them substantially: to about $200/week for the typical worker, down from $600/week for all workers right now.More on the plan and

Tony

Mix_Ltd

People don't want to see it but it's right in front of themhttps://twitter.com/touristh1story/status/1303451641681784834 Capitalism is the explanation. They have to make people go back to work, school and pubs/restaurants for

Jason Furman

jasonfurman

The Treasury designating Vietnam a currency manipulator is the epitome of everything that is wrong with the entire concept. Treasury may well have been implementing the law correctly so this

Rajan Venkateswaran (സ്വാമി)

swamy64

It is interesting to note that both the divergent Economic philosophies, Capitalism and Communism failed us. And failed for precisely the same reason. Does it mean that both were wrong.

skye

stimmyskye

things disabled people have learned from the pandemic so far: - pretty much all western governments want us dead and will enact policies that specifically, directly and exclusively set us

American dissident Wyatt

Locksneedfartin

most people really dont understand inflation. Which isnt their fault since the government has literally hidden it as best they could. But the reality is a 15 dollar minimum wage

Brian McCarthy

briangobosox

“Deficits don’t matter” is tautologically false. There is no “resource fairy” who can create goods & services out of this air for us to consume. What is really meant by

Lucy/Lee

sorrowfulnow

Fascists are universally incompetent at all aspects of governance as their only interest is enforcing a system of hierarchy.Anything not directly part of that enforcement is ignored, while anything that

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