John Maynard Keynes

Bitcoin Futures: 3 Nightmare Scenarios

The CBOE's launch of Bitcoin futures on Sunday was a watershed event for Crypto, but Wall Street (mostly) stayed away.<p>Investment banks continue to …

Business

A dangerous complacency: Why investors should prepare for a bull-market reversal

As we draw closer to the 10-year anniversary of the global financial meltdown, a lot of investors seem convinced we won't be revisiting anything remotely resembling that period of extreme wealth destruction any time soon. And who can blame them?<p>The value of their rebuilt portfolios has soared …

Finance

Want to short bitcoin, anyone?

The bitcoin frenzy continued unabated, with bitcoin futures rallying 26% on Cboe Global Markets’s exchange and triggering two temporary trading halts …

Trading

'Animal spirits' are back: Deals all over the place as 2017 draws to a close

It's over, the drought's been broken and those "animal spirits" are back.<p>Thanks to deals done, and on the table, from Westfield, Transurban, …

Economy

Only a second referendum can pull us out of the Brexit fire

The facts of the EU divorce have changed so much, the final decision must go back to the people – as the bill I’m putting to parliament today urges<p>It has been a tumultuous time. Last Friday a deal was struck that may well allow talks between the British government and the EU to progress to a second …

Brexit

Bitcoin Futures Are No Bubble Bellwether - Bloomberg Gadfly

Bitcoin just passed its first major Wall Street test, but cryptocurrency bulls shouldn't read too much into it.<p>Bitcoin futures began trading Sunday …

Business

The future of work: Will you survive?

In 1930, economist John Maynard Keynes predicted that technological change and productivity improvements would eventually lead to a 15-hour work week.<p>…

Intelligence

The US Military Is the Biggest "Big Government" Entitlement Program on the Planet

(Image: Jared Rodriguez / Truthout)Every year, the US pours more than $1 trillion of taxpayer money into the most expensive and least productive …

Liberal View

The real reason the world economy is surging

A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that the engine of global prosperity might soon be sputtering. But that’s not what happened.<p>The global economy has surged forward this year, …

Opinion

Nicholas Colas Gives His ‘Top Five Lessons for Trading Anything’

Topping Nicholas Colas’s list of ideas to keep in mind while trading: the all important notion that “no one is bigger than the market.”<p>That line from …

Business

It would cost you 20 cents more per T-shirt to pay an Indian worker a living wage

If we really care about protecting the people who make the things we wear and use, we need to raise wages for workers in supply chains to above the …

Keynesian Economics

As robots and algorithms take more jobs, will enforced leisure be matched by sustained living standards?

It wasn’t supposed to be this way. In 1930, the economist John Maynard Keynes predicted we’d all be enjoying lives of unparalleled leisure by now, …

Basic Income

Does Deregulation Move Markets? Be Skeptical

To understand how a rollback of regulations might affect stock prices, listen to John Maynard Keynes.<p>From the very start of his presidency, Donald Trump has made it a high priority to reduce the level of federal regulation. And in 2017, the stock market has boomed. Many business leaders believe …

Economics

Is anyone ever wrong anymore?

A recent whim prompted me to reread Stephen Ambrose’s “To America,” a collection of reflections on the historian’s craft and many of the topics and individuals Ambrose wrote about during his prolific career. The book might have been titled “Second Thoughts,” because virtually every chapter …

Opinion

Republicans decide Roy Moore is a good Republican. He is.

Richard B. Levine/Levine Roberts/Newscom via ZUMA<p>Looking for news you can trust?<br>Subscribe to our free newsletters.<p>Until today, Republicans could say …

George Soros

How 1920s British spy agency files reveal a proto-Cold War rife with intrigue

An expert on Russia discovered that bureaucrats and spies secretly gathered to watch Soviet movies<p>Belfast native Timothy Phillips, author of <i>Beslan:</i> …

Johnnie Walker

Whatever Happened to the Ecstasy of Art?

I recently went on a nine-day ayahuasca retreat in the Peruvian jungle. The retreat was extraordinary and somewhat indescribable. Our group of 22</i> …

Emily Dickinson

Peter Lyons: The cult of growth and manic materialism

The aspect of modern economic thinking I find most depressing is the lack of any emphasis on play or fun or family and friendships. An economic …

New Zealand News

From Jane Austen to haunting memoirs: books to open your eyes to inequality

In the second part of our series, we asked Sarah Perry, Jeffrey Sachs, Sebastian Barry, Monica Ali, Richard Wilkinson, Julian Baggini, Kate Pickett and Afua Hirsch to tell us which titles helped shape their views on inequality<p>From Willy Wonka to Wind in the Willows: how children’s books reveal …

Books

Prosperity is a State of Mind

A large contingent of investors has been perplexed by the resilience of the markets and the economy throughout this cycle. Volatility in both stocks …

Keynesian Economics

Eddie Hobbs: Is the global recovery fake?

We’ve reached the most dangerous period in the vast experiment in money elasticity, writes Eddie Hobbs.

Economy

How doctors and bots can (and should) work together

The fear that machines will replace humans in the workplace is not a new one. In 1930, economist John Maynard Keynes conjectured that in the years to come, modern economies would face a new kind of affliction: what Keynes called “technological unemployment.” During the Industrial Revolution — one …

Intelligence

The new fundraising craze – which were the top ICOs of 2017?

Despite all its myriad shortcomings, 2017 has been extravagantly kind to the cryptocurrency market. Bitcoin, Ethereum, and the like have hit all-time …

Bitcoin

Today's Editors' Picks: The Impact Of Tax Reform

Good evening! I'm your curator, Michael Hopkins.<p><b>Here are today's Editors' Picks:</b><p>Lowering top tax rate a bad idea for economic growth? (John …

Business

Climate Crisis, ‘Smart’ Growth and the Logic of Calamity

A few years back at a Leftish gathering a group of self-described Marxist economists channeled liberal Democrat Paul Krugman’s explanation of the …

Economics

Science and metaphysics must work together to answer life's deepest questions – John Dupré

If philosophy is a tree, metaphysics and epistemology are its two main branches. Epistemology asks how we can <i>know</i> about the world; metaphysics tries …

Biology

Trigger Warning: How a Tax Measure Could Worsen the Next Recession

The Senate Republican tax plan making its way toward a vote today could include a poison pill that worsens a recession somewhere down the road: a so-called trigger that reverses tax cuts or imposes spending cuts if federal revenues come in lower than expected.<p>Though the details of the provision …

Business

WEBINAR: Global portfolio – 4IR investing, bubbles & bitcoin

One week shy of its third anniversary, the Biznews Global Share portfolio has grown from the initial $200,000 to a juicy $331,181.This is a BizNews …

Stocks

Monetary Imperialism

Photo by Nathaniel St. Clair<p>In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international …

Economics

Linking Credit Creation And Financial Crises, Part II

Mainstream macroeconomists tend to ignore credit and for that reason completely missed the crisis in 2007-2008.<p>Part II addresses two important …

Economics