New Jersey’s Flooding Crisis Hits Low-Income People Hardest
New Jersey’s flooding problems as a microcosm of what is to come.
Read more...Category Archives: Doomsday scenarios
The Financial Crisis That Spawned Austerity, Corporatized the Democratic Party and Gave the World Donald Trump
Why New York City’s fiscal crisis was a watershed event.
Read more...Gaius Publius: Trump – A Nation in Crisis, Again
Trump’s opponents are using the Comey scandal to up their efforts to force Trump out. Is this likely to succeed?
Read more...In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
European officials continue to dither while Italy’s banks burn.
Read more...International Arbitration Is the Way to Settle the UK’s Brexit Bill
Arbitration would be a good way to resolve the thorniest Brexit issue, of settling the tab. But politics seem to preclude a sensible outcome.
Read more...Ilargi: Comey and the End of Conversation
Political and media reactions to the Comey firing show that American democracy is becoming dangerously factionalized.
Read more...China Sickening into Classic Emerging Market Crisis
More and more analysts are getting nervous about China. Are there concerns warranted?
Read more...Hoisted from E-Mail: Puzzling Out the UK’s Shambolic Approach to Brexit
Trying to make sense of the UK’s Brexit pathology.
Read more...Is the Great China Crash Upon Us?
No large economy has made a crisis-free transition from being investment/export led to consumption led. Is China finally starting its Big One?
Read more...Gaius Publius: Honeymoon of the Generals in the Age of Trump – Wolfowitz on McMaster, Mattis
Trump has turned conduct of his wars over to neocon mad dogs like Paul Wolfowitz that even hawkish Reagan made sure to keep out of power.
Read more...UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...Canadian Bank Run Contagion Begins?
A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...Why Anti-War Purity Tests Are Not Sound Political Strategy
Why head on opposition to war has failed and other approaches have better odds of long term success.
Read more...“Howard Marks Seems to Read Naked Capitalism” on Private Equity Fund-Level Borrowing That Juice Reported Returns While Increasing Risks
Storied investor Howard Marks penned a not-very-positive post on private equity subscription lines of credit, echoing our earlier warnings.
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