The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...Category Archives: Doomsday scenarios
Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...Surprise, Surprise: Energy Department LNG Export Study Draft Ignores Climate Change
The Department of Energy (DOE) missed the mark in its newly published draft Liquefied Natural Gas (LNG) study, ignoring economic costs associated with climate change and the growth of the renewable energy industry.
Read more...More Brexit Grim Tidings: WTO Warns Ireland to Prepare for Crash-Out; Deutsche Moves Half of Euro Clearing Ops to Germany; Food Freakout
More on how the Brexit situation is developing not necessarily to the UK’s advantage.
Read more...Ocean Wilderness Vanishing
First major study devoted to mapping marine wilderness issued last week documents that most of the world’s oceans have been damaged by human activity, including pollution and fishing.
Read more...Bill Maher Leads Attack on Larry Wilkerson over Trump Meeting with Putin
Larry Wilkerson is roughed up by Bill Maher for the crime of saying taking steps to avert nuclear war with Russia is a good idea.
Read more...Michel Barnier Nixes Theresa May’s Customs Union Scheme as Bad Brexit Dynamics Worsen
More Brexit Groundhog Day as the EU is compelled to say the same old “nos” to the UK.
Read more...Tom Engelhardt: Three Failing Experiments – Mine, America’s Humanity’s?
Engelhardt’s birthday post reflects on how failings are catching up with us, individually and collectively.
Read more...China Pumps $74B Into Banks Amid Credit Crisis
China throws some money at banks to offset the effects of its deleveraging initiative.
Read more...The World Is Hot, on Fire, and Flooding. Climate Change is Here.
In the midst of a global heat wave, the media refuses to talk about climate change.
Read more...Brexit Crash Out Virtually Certain
Brexit uglies are only getting uglier.
Read more...Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...Argentina 20 Years On: Has the IMF Really Changed Its Ways?
The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...America’s Subprime Economy
This so-called expansion is more and more brought to you by subprime borrowings.
Read more...Can Trump, Israel, and Gulf Allies Get Putin to Turn On Iran?
Trump will meet this week with Putin in Helsinki. But despite talk of a “grand bargain” that enlists Russia in helping the US-Israel-Saudi-UAE front against Iran, don’t expect it to happen, says professor Rami Khouri in this Real News Network interview.
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