Financial Markets
The Fed, Interest Rates, and Stagflation
Accelerating inflation may be an issue right now in the US and other recovering capitalist economies, but for capitalism, profitability is the real benchmark, and that can be hit by wage rises on the one hand and interest rises on the other.
Michael Roberts
October 8, 2021
China’s Evergrande: A Serious Crisis, But Hardly an Asian Lehman Brothers
The Evergrande Group, a giant Chinese real estate developer, is on the brink of default. For the Chinese bureaucracy, the crisis is not only an “opportunity to regulate the sector,” as some would have us believe. But it is too early to declare this a Chinese version of the 2008 Lehman Brothers collapse, since the Chinese government will not likely wait for things to reach that level.
André Barbieri
September 21, 2021