On the blogs

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Is there a stock bubble?  Dean Baker joins the NYT debate 

Frothiness in the global economy Nouriel Roubini

Citi's Leveraged Super Senior CDO 2.0  Eric Ben-Artzi

The Big Casino Doug Orr

Enforced flexibility Free exchange

Evidence that lower corporate tax rates don't create jobs Yves Smith




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A brief note on Venezuela and the turn to the right in Latin America

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So besides the coup in Brazil (which was all but confirmed by the last revelations, if you had any doubts), and the electoral victory of Macri in Argentina, the crisis in Venezuela is reaching a critical level, and it would not be surprising if the Maduro administration is recalled, even though right now the referendum is not scheduled yet.

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Another end of the world is possible
There will be a lot of postmortems for the European Union (EU) after Brexit. Many will suggest that this was a victory against the neoliberal policies of the European Union. See, for example, the first three paragraphs of Paul Mason's column here. And it is true, large contingents of working class people, that have suffered with 'free-market' economics, voted for leaving the union. The union, rightly or wrongly, has been seen as undemocratic and responsible for the economics woes of Europe.

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