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Property prices across the UK fell this month as stricter lending rules put the brakes on the runaway housing market...
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Hello everyone. Hope your weekend went well!

International Politics

Overall

- Retired Colonel Lawrence Wilkerson tells The Real News that he blames all the parties involved with the Malaysian plane disaster in Ukraine and wishes for calm

- Secretary of State John Kerry: The evidence at the crash site of MH17 “ points a clear finger at the...

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CBO—Still Out of Paradigm after All These Years

By Scott Fullwiler

The Congressional Budget Office (CBO) published its long-term deficit and national debt projections last week.  These are the projections most widely cited in policy discussions about long-term “sustainability” of the national debt and entitlement programs.  In this post I focus on a...

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The trade only works if everyone is lulled into staying on the long side until it's too late.

Let's try a thought experiment: suppose we're players in the stock market, Wall Street insiders with real leverage and connections to the Fed.  You know, the kind of player who can reverse a decline in the S&P 500 with an order (executed through...
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TRUSTEE BANKS SUED FOR $250 BILLION

By L. Randall Wray

Here’s another story in the continuing saga of Bankster fraud.

As I’ve argued since 2008, it is likely that all—or nearly all–of the residential mortgage backed securities (RMBSs) are fraudulent. The Banksters engaged in fraud at every link in the RMBS food chain.

They defrauded the...

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AG Holder: “The U.S. Announces the Indictment of Citigroup’s Senior Officers for Fraud”

By William K. Black

The third omission from Attorney General Eric Holder’s press conference announcing the settlement with Citigroup of civil charges was the words “criminal” and “indictment.”  The
Department of Justice (DOJ) press conference had a scripted press...

Saturday, 19 July 2014 |

The Roundup for July 18th, 2014

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Hey folks, enjoy your Friday.

International Politics

Overall

- As President Obama states pro-Russian separatists were behind the attack on the Malaysian plane, Vladimir Putin stated the two sides in Ukraine should come to a ceasefire

- Pro-Russian rebels, meanwhile, are covering up evidence allegedly used to shoot down the plane

- In addition,...

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Despite the stonkingly good economic growth, and the near-miraculous performance of the jobs market, the budget deficit remains horrifyingly large...
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Krugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years

By Scott Fullwiler

In the comments section of my last post, Neil Wilson linked to this piece by Paul Krugman from last fall.  It’s a useful lecture in that it shows mainstream economists are beginning to understand that currency issuers under flexible exchange rates (a term he a...

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NEP’s Randy Wray on Thom Hartmann’s Show

Randy will be on Thom Hartmann’s show July 18th, 2014 at 1:00 pm Eastern time. You can catch Randy and Thom live on radio stations coast to coast…live on XM/Sirius satellite radio…simulcast LIVE on Free Speech TV on Dish Network, Direct TV, Comcast Cable, RCN, Cox Cable, Time Warner, Ver...

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