The Coming Debt Crisis
Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.
Read more...Category Archives: Doomsday scenarios
Angela Merkel Urged To Put European Solidarity Over German Interests and Back Coronabonds
Angela Merkel is under pressure to abandon her long-standing “Germany first” policy towards the EU. Will she finally relent?
Read more...Martin Wolf and Wishful Thinking on Ending Coronavirus Lockdowns
It would be nice to go back to something like the old normal. But the coronavirus is still very much in charge.
Read more...How to Pay for the Pandemic War
Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
Read more...New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...Covid-19: Where From? Why Now?
Examining theories about Covid-19 that blame its start on farming. But which kind of farming?
Read more...The FT Says It’s Time for the Bank of England to Start Direct Funding of the Government: Modern Monetary Theory Has Won the Day
Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.
Read more...Coronavirus: A Theory of Incompetence
Coronavirus has shredded the last vestiges of the belief that America was well run. How did we get here?
Read more...Right to Repair and Ventilators: Saving COVID-19 Patients
The coronavirus crisis highlights the importance of ensuring wide access to repair information for lifesaving machines, such as ventilators.
Read more...Capitalism Has Failed in Fighting Coronavirus
The problem of policies aimed to return the economy to what it was before the virus hit is this: Global capitalism, by 2019, was itself a major cause of the collapse in 2020.
Read more...Services Sector Falls Off Cliff: First Data Points from the Eurozone Where Lockdowns Started Earlier
Early data from Europe says the damage to the services sector is as deep as many feared, and bodes ill for the US, with its poor and sluggish economic responses.
Read more...The Coronavirus Pandemic Has Opened the Curtains on the World’s Next Economic Model
COVID-19 has exposed flaws in the global supply chain economic model; advances in technology have rendered it obsolete.
Read more...Coronavirus, Control, Irritability, and Guilt
A coronavirus confessional of sorts.
Read more...Saving Citizens, Killing the Poor: India and COVID-19
Prime Minister Narendra Modi’s imposition of a 21-day lockdown in India to stem COVID-19 transmission triggered vast migration of the poor.
Read more...Why Can’t Everyone in This Country Get Free COVID-19 Treatment?
The US is well into the Covid-19 crisis, yet most citizens are at risk of big bills if they seek testing and care.
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