Sunak Has Been Set Up To Fail and the Likelihood Is That He Will
Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems
Read more...Category Archives: Currencies
In Just 44 Days, Liz Truss Has Made the UK Immeasurably Worse
Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.
Read more...Brussels Provides Not-So-Subtle Input on Italy’s Next Government
By Conor Gallagher While incoming Italian Prime Minister Giorgia Meloni and her Brothers of Italy Party (Fdl) certainly provide plenty of nationalist and culture war sound bites, they will ultimately be forced to follow EU and NATO marching orders, or they won’t be in power very long. Now that two cabinet picks from Meloni and […]
Read more...Is the UK About to Hit the Wall?
The UK is in sorry shape…..and is looking like the canary in the economic coal mine.
Read more...Washington, Brussels Set Sights on TurkStream Pipeline Amid Crackdown on Ankara-Moscow Cooperation
By Conor Gallagher At the beginning of this year there were four pipelines carrying natural gas from Russia to Europe, and a fifth (Nord Stream 2) was about to come online. Now Nord Stream 1 and 2 are dead, the Yamal Pipeline is closed, and the amount of gas flowing through Ukraine is greatly diminished. […]
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Michael Hudson on The Euro Without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time. Hudson gets to the bottom of what Germany’s downfall will mean […]
Read more...Russia Seeking UN Security Council Meeting Over Nord Stream “Act of International Terrorism.” What Else Might Russia Do?
Russia is almost required, if nothing else for domestic political reasons, to Do Something about the Nord Stream attacks. But what exactly?
Read more...Mission Accomplished: “Super Mario” Draghi’s Legacy and the Italian Election
Turnout in Italy’s election was the lowest since WWII as voters lose faith in a system unable to reverse a declining standard of living.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge
Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen
Read more...Memo to China: You Look Silly When You Threaten to Dump Treasuries
If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.
Read more...Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
Read more...Behind the Crisis in Sri Lanka – How Political and Economic Mismanagement Combined to Plunge Nation into Turmoil
Some background on the escalating crisis in Sri Lanka and what might come next.
Read more...Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
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