THE MARCH OF THE FINANCIAL ALGORITHMS.
October 13, 2019 3 Comments
THE CURRENT RATE OF TURNOVER AND OF PROFIT IN CHINA.
September 13, 2019 Leave a comment
China rate of profit Q2 2019 pdf
china rate of profit 1998 – 2019 (SPREADSHEET)
China July 2019 profit data (REPORT)
Comment from Cameron
“No doubt tens of billions in speculative “capital” was destroyed”. My guess is that losses amounted to “at least” $53 billions which is the amount the NY Fed pumped via Repo on Tuesday (today). This liquidity panic was one of the aftershocks of the Quant Quake 2.0. Overnight general collateral repo exploded to funding rate of 10%. Fictitious capital destruction. The next credit crunch in
WHY WE NEED AN IMMEDIATE INCOME BASED CONSUMPTION TAX TO REDUCE GREEN HOUSE EMISSIONS.
September 5, 2019 Leave a comment
an income based consumption tax pdf
I am glad to announce that there is now a resolution going to the Labour Party Conference which is calling for a ring fenced income based consumption tax. It alone can finance a green agenda in the interim.
ANALYSIS OF Q2 CORPORATE PROFITS IN THE USA (including a real time proxy rate of profit).
August 31, 2019 10 Comments
US SAVINGS AND INVESTMENTS (spreadsheet)
working paper Q2 2019 corporate profits (spreadsheet)
TABLE 1.14 QUARTERLY UP TO Q2 2019 (spreadsheet)
In the sub-section titled “A correction” it was recognised that the rate of turnover influences the rate of exploitation but not vice versa. That is correct. But a more precise formulation is required as to how this influence works. A structural change in the rate of turnover, as we have seen in the USA and which is demonstrated in Graph 5, where circulating capital is no longer declining relative to fixed, affects the annual rate of exploitation by increasing the employment of labour power and the rate at which profits are realised. This explains the curious phenomena where employment has increased despite the fall in the rate of profit and to which fall it has contributed.
Due to pressures of union work I rushed this article and thus did not deal correctly with the inter-relation of turnover and exploitation. It was wrong of me to say that a rise in the period of circulation from 50 to 60 days would necessarily affect the rate of exploitation, it wont. That would assume profits are made in the circulation process rather than the production period. For the correct way to deal with this issue please read the comments at the end of this article. I apologise for the confusion caused.
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