Monthly Archives: May 2016

The Sociology of Repo Swaps: Canadian Kool Aid Edition

Interest rates are the price for renting money. LIBOR rates is the price banks charge each other for renting money. Contrary to popular belief, the 2008 financial collapse was not initiated by mortgage derivatives, it was initiated by Repos, and … Continue reading

Posted in Economics, Markets, Political Economy, Sociology, Uncategorized | Leave a comment

The Beatings Will Continue Until Confidence Improves

Three economists with the International Monetary Fund just released an article (PDF) citing that Austerity and Privatization, two aspects of the neoliberal agenda, are really bad things for economies. This is not all that shocking, as the data has supported … Continue reading

Posted in Economics, Macroeconomics, Markets, Political Economy, Public Policy | Leave a comment