Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:
The post Retail sales, consumer sentiment appeared first on Mosler Economics / Modern Monetary Theory.
Issue 16 of Cosmic Masque is now available to download - please click the link opposite
The Australian Council of Trade Unions is sponsoring a series of webinars for union members, delegates, officials, and leaders on the current crisis in the cost of living in Australia. The surge in inflation since economic re-opening after COVID lockdowns has obviously intensified that crisis. But the seeds for it were planted long ago: by a decade of historically weak wage growth, a speculative property price bubble, and a systematic efforts to weaken collective bargaining and unionisation.
The post Webinar on Wages, Prices, and Power appeared first on The Australia Institute.
The logical outcome of the UK’s current political situation is for a large section of Conservative Party MP’s to defect to Keir Starmer’s well right of centre, pro-Brexit, New Labour Party. Every now and then a number of Westminster MPs change party, to long term political effect. In 1886 The Liberal Unionists, opposed to Gladstone’s […]
The post The Great Crossing appeared first on Craig Murray.
In the past twelve months low-income earners have seen their real wages fall faster than ever before, their mortgage interest rates rise faster than ever before and, here’s the real kicker: their average tax rates actually increase. To be clear, someone working on the minimum wage has seen the amount of tax they pay rise
The post Even if you were a neoclassical ideolouge, Stage 3 ain’t it appeared first on The Australia Institute.
The ABS have released their second tranche of data from the 2021 Census. Glenn walks us through what’s in the second-release datasets, and the national stories they tell us. The 2021 Census second-release datasets...
The post Connections appeared first on The Perry Bible Fellowship.
New research published by the Australia Institute, in partnership with RMIT, shows there is legal ambiguity surrounding the non-consensual removal of a condom during sex, also known as stealthing, that could be fixed through nationally consistent laws. The report Stealthing: Legislating for Change finds that while an overwhelming majority of Australians support criminalisation, many Australians do not
The post Push for Nationally Consistent Laws to Prevent Stealthing: Research Report appeared first on The Australia Institute.
Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Calculated Risk: Leading Index for Commercial Real Estate “Rises” in September (calculatedriskblog.com) Still high enough for the Fed to keep raising rates, etc: Higher than expected: New […]
In the papers of economist Charles Kindleberger, Perry Mehrling found notes on the paper that won Ben Bernanke his Nobel Prize.
In the 1983 paper cited as the basis for Bernanke’s Nobel award, the first footnote states: “I have received useful comments from too many people to list here by name, but I am grateful to each of them.” One of those unnamed commenters was Charles P. Kindleberger, who taught at MIT full-time until mandatory retirement in 1976 and then half-time for another five years. Bernanke himself earned his MIT Ph.D. in 1979, whereupon he shifted to Stanford as Assistant Professor. Thus it was natural for him to send his paper to Kindleberger for comment, and perhaps also natural for Kindleberger to respond.
