Author Archives: Danielle Park

As stocks and junky debt rebound on the dream that central banks can buy enough of them to single-handily keep markets defying economic math and levitating speculative longs indefinitely…this clip offers some big picture.  The question is do workers, cash … Continue reading →

Thanks to Tim for recommending that I read Sapiens:  A Brief History of Humankind (2015) by Yuval Noah Harari.  It’s worth the time. The cover note gives a good taste:  “Fire gave us power.  Gossip helped us cooperate.  Agriculture made … Continue reading →

Another illuminating presentation on the balance sheet recession now sweeping the world. When economies run out of able and willing borrowers, monetary policy is largely ineffective. The Other Half of Macroeconomics and the Fate of Globalization, December 2018 speech by … Continue reading →