Why UK [and US] Governments Are Never Dependent on Financial Markets
As Mr. Market idelivers a big raspberry in response to Trump’s big beautiful bill, remember it won’t affect the ability to keep spending
Read more...Category Archives: Economic fundamentals
Michael Hudson: The Collapse of America’s Economic Empire
Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Read more...Sustainable Investment Stumbles on Uncertain Pace of Energy Transition
Green energy investment goes wobbly….again.
Read more...Reverse Lysistrata: More on Men Cooling on Dating, Sex and the Role of Societal Denigration
More on how young men are having a hard time finding dates and romantic partners, and why this matters.
Read more...Michael Hudson: The U.S. Empire’s Plan for Global Domination
Michael Hudson: War on Iran is part of the US empire’s effort to re-impose its dominance on the global political and financial system
Read more...Financial Times on Coming Climate-Change-Driven Meltdown in Real Estate: Gradually, Then Suddenly?
A detailed, yet still softball, take on how climate change damage will wreck property values and much of what passes for an economy
Read more...Tallying the Costs to Israel of Its Failed Iran Regime Change Operation
An early estimate of the economic costs to Israel of the Iran war show that recovery will be difficult if not impossible.
Read more...Satyajit Das: Middle East Trajectories – Implications for the Region and Energy Markets
A refined (pun intended) discussion of the state of the energy market and the high risk of continued kinetic action between Israel and Iran.
Read more...Trump Backfire: How the 2018/19 US Tariffs Against China Boosted Exports and Employment in Mexico
How a Trump 1.0 tarrifs backfire illustrates fundamental flaw in how Trump goes about doing things.
Read more...Coffee Break: Healthcare and the State of Science, Plus Baseball and Abundance
Part the First. How Did the United States Get This Healthcare System? I distinctly remember the first time this question occurred to me, because as the child of a union household a visit to the doctor or the Emergency Room (trees were made to fall out of) was never a problem. I was twenty years […]
Read more...Will Iran Actually Close the Strait of Hormuz? Eni CEO Weighs In
Investors seem unduly chill about the risk that a US attack on Iran will produce a formal or de facto closure of the Strait of Hormuz.
Read more...The Economic Consequences of the Second Trump Administration: A Preliminary Assessment
An overview of the economic impact of Trump’s second term flurry from some Serious Economists. They don’t find much to like.
Read more...The Ancients: What Can They Teach Us About Our World and How to Live in It?
I recently added a new volume to my Shelf of Little Books, some of which are not so little but all of which repay re-reading that helps me understand our world a little better with each successive encounter. The newest resident of the shelf was published earlier this year by Princeton University Press: Following Nature’s […]
Read more...The Economics of Undyed Hair Roots
Monitoring a recession indicator: hair salon visits, or more accurately, their reduction.
Read more...Yanis Varoufakis: The Economics of Europe’s Descent into Warmongering
The long path that has led Europe to see big defense spending will be a lifeline, hence the need to stoke war fever.
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