Page 3 - Marshall Auerback News Today

By Tony KEVIN We are at a crunch point now in Russia-US relations. Their high-level talks starting next week will be closely observed by China, …

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A ground-breaking study by gifted independent financial journalist Lars Schall,  Denken wie der Feind – 20 Jahre Ausnahmezustand 9/11 und die Geopolitik des Terrors. (“Thinking Like the Enemy – 20 Years State of Emergency, 9/11 and the Geopolitics of Terror”) is being published in Germany in two books. The first one –  Das Erdöl, der Dollar und die Drogen (“The Oil, The Dollar and The Drugs”) – is out this week. Volume II will be out next week. Nomi Prins, formerly from Go...

Pentagon policy pick takes fire — Republicans lobby president on defense budget

Yves here. Most commentary on the Biden stimulus plan has focused on some of the programs or the overall level of spending, and not the structure and philosophy. This article describes why continuing a classic neoliberal approach is at best a band-aid. The new Democratic administration is poised to make its first proud step in delivering on its electoral promise to build back (America) better: the successful adoption of a $1.9 trillion stimulus package, the main components of which are a third ...

Harris to Arizona and West Virginia in first major assignment: Help us help you Print this article In dispatching Vice President Kamala Harris via Zoom to two key states this week to sell President Biden’s $1.9 trillion coronavirus package, the White House’s message was clear: We’re the government, and we need your help. Harris’s media campaign in West Virginia and Arizona targets two states whose Democratic senators, Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, have bee...

Yves here. Market-minded readers will take interest in Wolf Richter’s sighting of the latest ECB intervention strategy. However, I have to differ with Wolf on his claim that yield spread control by a central bank is unprecedented. The Fed attempted to do that in a clumsy way with QE and was explicit about it. It claimed it was not trying to influence yields but spreads, as in of mortgage bonds (which it was buying) along with Treasuries. In other words, the Fed was not only trying to lower th...