Sanders and Class Struggle in the Democratic Party
Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.
Read more...Category Archives: Doomsday scenarios
Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level
While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.
Read more...Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It
Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...Germany and IMF in Staredown Over Greek Debt Relief
The IMF and Germany have staked out irreconcilable positions on Greece. Who will blink first?
Read more...After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Money and Banking – Financial Crises
The mechanics of financial crises and how an economy gets there.
Read more...Trump Slams US Wars in the Middle East
Despite his considerable flaws as a candidate, Trump is making a serious case against US policy in the Middle East.
Read more...Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative
Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...Michael Hudson: Warning to Europe – How the TTIP Threatens Public Health Care and Pensions
Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...As Clinton Looks Vulnerable, Event Risk Favors Trump (and Sanders)
When Donald Trump became the presumptive Republican nominee, you could almost hear the glee from Camp Clinton. Lambert called the tweets from her supporters “giddy”. The pundits saw Advantage Clinton in her presumed lock on women, blacks, Hispanics, as well as the divide of red versus blue states working in her favor. Yet the body […]
Read more...Lynn Parramore: Austerity Without Debt Relief Courts New Unrest in Greece
Economist James K. Galbraith warns that ‘unrealistic expectations’ by creditors of Greece is a recipe for turmoil
Read more...Noam Chomsky: How Imperial Violence Backfires – Lessons from the Middle East
How American intervention in the Middle East has produced a counterproductive cycle of violence.
Read more...Germany Blinks on Giving Debt Relief to Greece….or Did It?
Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...Noam Chomsky: American Power Under Pressure
Seeing states as the vehicle for projecting power is dated, particularly as far as understanding America’s position is concerned.
Read more...Don Quijones: Wrath of Draghi Hits Germans Who Refuse to Blow Their Savings
Draghi plans to beat savers until morale improves.
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