The EU-US Trade Deal: Von der Leyen Just Subordinated the EU as the US’ Largest-Ever Vassal State
The EU submits to Trump on trade and accepts further insult via required US investment and energy purchases
Read more...Category Archives: Economic fundamentals
Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land
Despite the Fed depicting its current rate policy as restrictive, manic pricing in many financial markets says otherwise.
Read more...As White House Touts ‘Economic Boom,’ Americans Say They’re Barely Scraping By
Despite Trump’s economic claims, with rising tariffs, just 30% of Americans say they can meet their costs per a poll from Data for Progress.
Read more...Michael Hudson: Church and Finance – From the Crusades to World War I
Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.
Read more...Will Voters Turn to Corbyn and Socialism over Starmer’s Big Finance Love-In?
A discussion of whether voters would back Corbyn-style socialism, particularly given Starmer’s ever-rightwards shift.
Read more...Thomas Neuburger: Rethinking Collapse
Your humble blogger has difficulty with the thesis of this post: “What if collapse is the road to more humane life?”
Read more...Satyajit Das: Parsing President Trump’s Real Agenda
Divining the decision rules that guide Trump’s actions.
Read more...“How Much Longer Can We Trust Our Economic Statistics?”
Trump budget whackage will further degrade the quality of official statistics. And that really does matter.
Read more...Michael Hudson: Today’s Civilizational Conflict
A new article by Michael Hudson, an extract from an upcoming book, gives a long view of colonial exploitation and China as a counter-model
Read more...Uneven Vulnerabilities: A Global Index of Climate Risk for Countries
A new paper rates 170 countries for climate risk exposure. This ambitious and imporant exercise neverthless seems to have key gaps.
Read more...Why Inflation Sticks Around: The Role of Class Warfare in Price Persistence
A new twist on inflation: how workers and corporates trying to preserve their financial position has the effect of perpetuating inflation
Read more...“The Corporate Takeover of Housing”
Debunking some widely held misperceptoins about why US housing is so pricey.
Read more...Chinese Government Tries to Combat Destructive Deflation. Will It Succeed?
The economic hazard of deflation is already stalking China, to the degree that even Xi is trying to take it on.
Read more...Hayek’s Bastards and the Rise of Neoliberalism
The Neoliberal turn of late capitalism [1] rules our world. Quinn Slobodian has become the voice of our time in explaining how this has happened and why. In Globalists The End of Empire and the Birth of Neoliberalism (2020), he described, among other things, how the Liberals of Central Europe who became Neoliberals were most […]
Read more...Yanis Varoufakis: Who Needs Marx in 2025?
To free ourselves from our technofeudal overlords, we must think like Karl Marx.
Read more...