ilhan dögüs
@ilhandogus.bsky.social
post-Keynesian economist, liberal-lefty
Barkın Cihanlı ile MonetaryBlog için yazdığımız 'Türkiye’nin Fon Krizi' başlıklı analizin Türkçe tercümesi: www.numedya24.tv/turkiyenin-f...
Türkiye’nin Fon Krizi | Nûmedya24 | İlhan DÖĞÜŞ yazdı..
Ponzi düzenine katılan orta gelirli 514 bin kişinin gelir ve tasarruflarında yaşanan büyük kayıp, bilançolar birbirine bağlı olduğundan, ekonomi üzerinde 514 bin kişinin aniden işten çıkarılmasıyla ay...
numedya24.tv
Raising interest rates instead of wages and then get shocked when crisis hit..
Unusual Whales@unusualwhales.bsky.social · 3d agoReal average hourly earnings are officially down 0.7% on the month, per Bloomberg. That's the sixth straight month of decline.
This is probably the most personal piece about my intellectual journey I've written. I hope others enjoy it. www.crisesnotes.com/the-death-of...
The Death of Three Recent Giants: Lord Robert Skidelsky, Anwar Shaikh and Perry Mehrling
This year has been a difficult year for one of the corners of my world. It’s hard to even exactly describe what this corner is. The best way I can find to describe Lord Robert Skidelsky, Anwar Shaikh ...
crisesnotes.com
Money and the architecture of trust, @aldasoro.bsky.social www.bis.org/publications...
Money and the architecture of trust | Bank for International Settlements
Money is one of the most consequential social institutions humanity has built. Starting from the most elementary monetary act, a payment, this paper provides an account of how money works, grounded in...
bis.org
We told you: Raising interest rates instead of wages drives economies into crises. As seen, overindebted firms’ attempts to raise liquidity by running down inventories to repay debt failed to prevent bankruptcies: Paradox of liquidity.
Barchart@barchart.com · 4d agoBREAKING 🚨: South Korea Chaos in South Korea after stocks plunge more than 8% triggering a trading halt 📉 📉
Sevgili Barkın Cihanlı ile Türkiye'deki fon krizini Monetary Policy Institute için yazdık. / Our blog entry analyzes the recent fund crisis in Türkiye: medium.com/@monetarypol...
The recent fund crisis in Türkiye
Ilhan Dögüs Independent economist and Barkin Cihanli Eastern Mediterranean University
medium.com
Once you suppose that the capitalist economy is a barter economy and the real sector is disintegrated from the financial sector and can not conceive accounting as the core of the finance, and finance as the core of the capitalist economy, you make such nonsense arguments. x.com/worstall/sta...
Tim Worstall (@worstall) on X
@ilhandogus No economic profit, just normal profit. Helps to grasp the system being critiqued.
x.com
Finans sektörü spekülasyonlarıyla petrol ve diğer emtiaların fiyatlarını, girdi maliyetlerini artırıyor. Üreticiye karşı tek alıcı (monopson), tüketiciye karşı da tek satıcı (monopol) konumda olan zincir marketler, üreticiden düşük fiyattan alıp tüketiciye yüksek fiyata satıyor.
Nûmedya24 için yazdım: Şirketler neden ve ne zaman hisse ve tahvil ihraç ederler? www.numedya24.tv/sirketler-ne...
Şirketler neden ve ne zaman hisse ve tahvil ihraç ederler? | Nûmedya24 | İlhan DÖĞÜŞ yazdı..
Eğer borsada biriken tasarruflarla yatırım finanse ediliyor olsaydı, 1960larda ABD'de %50 olan borsanın değerinin GSYİH'ya oranı bugün %220'ye çıkmazdı çünkü her 1 Dolar tasarruf ile yapılan yatırım h...
numedya24.tv
The so-called inflation targeting drive interest rates above wage growth and economies into recession in order to underpin market concentration. Inflation is the excuse. Large firms and financial investors exacerbate the inflation and benefit from anti-inflationary policies. x.com/SteveRattner...
Steve Rattner (@SteveRattner) on X
One in five American families fell behind on a loan or mortgage payment in the past year — up from one in eight in 2022 and the highest since 2007.
x.com
So, they granted the prize again to an ill-informed, flawed theoretical reasoning. Macroeconomy is not the simple sum of micro agents. Fallacy composition: 1+1≠2 Paradoxes of tranquility, debt and liquidity explain economic downturns better. x.com/NobelPrize/s...
The Nobel Prize (@NobelPrize) on X
2026 economic sciences laureates Robert E. Hall’s and Michael Woodford’s research has made us better equipped to manage economic downturns. They laid the foundation of the New Keynesian paradigm, in which models are built upon microfoundations, which means from the bottom up. Economic outcomes are…
x.com
Inconsistencies the new-Keynesian theory: -They have both marginal cost/revenue and markup in their model. -Interest rates are endogenously determined by supply and demand, money supply exogenously by the CB, but asking the CB to change the interest rate, not the money supply. x.com/ilhandogus/s...
ilhan dögüs (@ilhandogus) on X
The thing that makes me laugh the most in economics these days is reading New-Keynesian articles incorporating the Kaleckian markup pricing with marginal cost and marginal revenue :) A very good examp...
x.com
Milei curbed inflation not by cutting public spending, rather by way of controls on capital movements and the FX market- policies he and his proponents oppose. If austerity had curbed inflation, inflation would have kept falling. Austerity worked only to impoverish people. x.com/elEconomista...
elEconomista.es (@elEconomistaes) on X
La sangría económica de Milei: Argentina pierde 32.300 empresas y 437.000 empleos desde su llegada al poder https://t.co/wnHgEFKeUa
x.com
Home sellers outnumber home buyers since families who fell behind loan payments due to the fall in real wages try to sell homes in order to raise liquidity for debt service. Yet, buyers wait for further price cuts as they know that sellers are overindebted. Result: Less liquidity
Where did the first saving come from? If someone has saving, then s/he had income So, money should be created out of nothing Saving and tax are the latest phase of the circuit. You can't initiate the circuit with its latest phase Mainstream economics is full of inconsistencies x.com/Evanshm/stat...
Esteban Cruz (@Evanshm) on X
According to conventional wisdom, someone must save before someone else can invest. Yet in a monetary economy, investment itself generates income and savings. A century after Keynes, we're still expl...
x.com
It is very funny that neoclassical economics assumes a perfect competition where there is no profit as price is equal to marginal cost yet at the same time savings finance investments. They can't even conceive that if there is no profit, there would be no saving. x.com/TyKeynes/sta...
Mr. Keynes (@TyKeynes) on X
I'm considering removing recessions from my economic model. They're depressing.
x.com
"Banks hold huge amounts of government bonds, and when yields rise the value of those bonds falls. US banks held $326.7B in unrealized bond losses" 6 weeks ago, I wrote that the Treasury issued bills and bought bonds to protect bank profits. It seems, it was not sufficient. x.com/BullTheoryio...
Why? Because real wage growth fell behind the increase in loan rates. What will be the consequence? Chain of bankruptcies and recession.. x.com/unusual_whal...
unusual_whales (@unusual_whales) on X
BREAKING: The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, per CNBC
x.com
Unemployment seems low because part-time, temporary employment increased. Part-time employment does not exert upward pressure on wages and demand, does not work to increase tax revenue. x.com/KobeissiLett...
The Kobeissi Letter (@KobeissiLetter) on X
The US deficit is surging despite low unemployment. The cumulative US fiscal deficit since 2020 has surged to a massive $14.18 trillion. Meanwhile, the 7-year average unemployment rate has fallen -0...
x.com
Real wages are lower. According to mainstream theory, firms should hire more and inflation ought to fall. Wrong.. Firms hire more when demand, i.e. real wages, are high. Inflation is cost- and profit-driven.
Unusual Whales@unusualwhales.bsky.social · last wk.BREAKING: Canada’s economy lost 68,300 jobs in September, far worse than forecasts for a gain of 9,200. The unemployment rate rose to 6.5%.
A budget deficit is the source of the private sector’s total profits. In the absence of government, firms can't generate profits as wages are below prices. Profits come from consumer spending by people whose wages are paid by others: public employees and people in abroad.
Why? Because real wage growth fell behind the increase in loan rates. What will be the consequence? Chain of bankruptcies and recession.. x.com/unusual_whal...
unusual_whales (@unusual_whales) on X
BREAKING: The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, per CNBC
x.com
"US Treasury just bought back $6,000,000,000 of its own debt." .... But distinguished professors have been telling that bond rates are rising because the default risk of the government on its own debt has increased?
Raising doubt over AI spending? Now? They were very confident of high-tech stocks last year when jobs were cut. x.com/BullTheoryio...
This is a short, yet incomplete, summary of Minsky. The decisive factors that drive economies into recessions are interest-rate hikes that exceed real wage growth, and austerity policies that suppress wage growth. x.com/RayDalio/sta...
Ray Dalio (@RayDalio) on X
Over long periods of time, debts tend to rise faster than incomes, creating the long-term debt cycle. Even as people become more indebted, lenders freely extend credit because during economic booms, ...
x.com
Adverse side effects of the AI boom: -cash flows from bond markets to high-tech shares drive bond rates and mortgage rates up -expose other firms to a liquidity constraint by preventing them from closing the liquidity gap through equity issuances -encourage riskier positions x.com/BenjaminNort...
