Category Archives: Economic fundamentals

Beyond Oil: The Macroeconomic Impact of Commodity Supply Disturbances

Economists typically ignore the impact of non-oil commodity shocks. They look to be at least as damaging as energy shocks.

Iran War: Israel Would Thwart Trump TACO Even if Genuine; US Forces Still Arriving in Middle East as Trump to Speak This Evening; Could Strait of Hormuz Traffic Rise Meaningfully With Less Hot Conflict?

Why Trump’s apparent TACO via his hissy to leave the Strait of Hormuz mess to others may be a deception despite rising economic damage.

Michael Hudson and Steve Keen: How the Global Crisis Will Unfold

Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.

Iran War: Trump Threatens Destruction of Iran Electric Generation and Oil Wells Even as WSJ Reports Temporary TACO on Trying to Force Open Strait of Hormuz

Today’s Iran war update: WSJ – Trump is trying to rearrange the deck chairs on the Titanic by not opening the Strait now but still fighting

Five Reasons Why the US Declined To Enforce Its De Facto Blockade on Cuba for Russia

Cuba gets a bit of an energy break thanks to a Russian tanker, but this delivery won’t change outcomes.

Drillers See Triple-Digit Crude and Hit the Brakes

Why drillers won’t be sucker punched by increasing production in response to a very large price increase that may be short-lived.

Iran War: US/Israel Escalation and Forceful Iran Retaliation Continue as Trump Says He May Take Iran’s Oil and Pakistan Hosts Talks With Nobody; Mr. Market Finally Waking Up as Brent Rises to $115

Today’s Iran war update: Trump fantasies deepen as the US suffers irreparable damage to its military and the global economy takes body blows.

Iran War: More Signs of a Long Conflict and Resulting Severe Economic Damage

The latest Iran war update: both sides dig in, virtually assuring at least a long-ish conflict and economic devastation.

Iran War: More Escalation – US Strikes Iran Steel Plants, Israel Sends Third Missile at Iran Nuclear Plant; Yemen Joins War

Today’s Iran war update: the escalation dynamic intensifies as economies all across Asia are the first to bleed out

Iran War: Trump Faffs About, Extending Deadline for Strike Threat by 10 Days as US Military and Energy/Materials Shortfalls and Shortages Expected in Weeks; Iran Allows Transit of Trapped “Friendly” Ships

Today’s Iran war update: Trump and his inner circle seem astonishingly oblivious to accelerating damage to the economy and the military.

Australia’s Fuels Dependence Turns Into a Crisis

Australia is on its way to becoming the first advanced economy major victim of the Iran war due to baffling policy choices.

Iran War: Accelerating Economic Damage Creates Urgency on Strait of Hormuz Closure; Shambolic US Assault Preparations Continue; Iran Demands Recognition of Sovereignity Over Strait; Houthis Set to Strangle Red Sea Traffic if US Makes Ground Attack

Trump’s fight with the Iran war tar baby is at great risk of creating even more dangerous escalation.

Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail

Less capital, more risk. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.

Iran War: Mainstream Media Starting to Acknowledge Potential Iran Victory as Trump Flails About, Readying Ground Assault; EU Reversal on Russia Oil Sanctions, Emergency Actions in Asia, Even China, Shows Accelerating Economic Damage

Today’s Iran war update: the current reduction in temperatures does not mean a resolution of the war or damage to the global economy is nigh.

Iran War: US/Israel Attacks Near Iran Energy Infrastructure; Temporary TACO as Boots on the Ground Moves Continue? Postol on How Iran Nukes Israel in Retaliation and the Horrific Consequences; Gulf States Double Down on Loyalty to US

Today’s Iran war update: Trump moves toward a ground attack as positions on all sides are hardening and the global economy bleeds out