While a ‘technical’ recession is no longer forecast for 2023, the BoE still expects stagnant output for next two years... and that may be the best outcome - writes Michael Roberts.
Tag: Michael Roberts
Central Banks continue to hike interest rates despite failure to significantly effect prices
"The banking crisis that emerged last March is still on the horizon again, as rising interest rates drive down the demand for loans and corporate bankruptcies rise."
A global debt disaster is on the horizon – Michael Roberts
The continual exploitation of the labour of the global south, through multi-national companies and financial institutions, has created a looming debt disaster. Analysis from Michael Roberts.
Modern supply-side economics and the New Washington Consensus
IN DEPTH: Economist Michael Roberts analyses 'the New Washington Consensus,' a strategy seeking to sustain US economic hegemony at home and abroad.
Interest rates up, economy down – Micheal Roberts
"The impact of central bank rate hikes has not been so much on driving down inflation as on accelerating economies into a slump" - in depth analysis from Michael Roberts.
First Republic Bank Collapse and the case for public ownership – Micheal Roberts
The collapse of the First Republic Banks and others present a powerful argument for public ownership - Economist Michael Roberts' analyses the banking crisis.
What’s the problem with pensions? – Michael Roberts
With pension age rises kicking off mass demonstrations against pension reform in France, Michael Roberts breaks down the neoliberal "reform" of the pensions system.
Banking crisis: is it all over? – Michael Roberts
"It ain’t over til it’s over. The latest Fed data from show that US banks lost $100bn in deposits... while the large US banks have added $67bn, the small banks have lost $120bn and foreign-owned banks $45bn."
Banks on the brink? The origins, nature, and trajectory of the crisis – An interview with Michael Roberts
An interview with Economist Michael Roberts on the causes of the recent banking crisis, it's impact on the real economy and more questions about finance capital and global capitalism today.
Bank busts and regulation – Michael Roberts
In depth analysis of the recent banking crisis spurred on by the collapse of Silicon Valley Bank and Credit Suisse. Michael Roberts assesses left solutions to the economic crisis.