Michael Hudson and Richard Wolff: BRICS High Aspirations Versus Cautious First Steps
Michael Hudson and Richard Wolff discuss the recent BRICS summit as well as its rapidly-evolving geopolitical backdrop.
Read more...Category Archives: Economic fundamentals
Big Lies and Little Progress: Reviewing Four Years of Biden National Security Advisor Jake Sullivan’s “Foreign Policy for the Middle Class”
Sullivan went from a professed focus on the middle class to overseeing a system of mass slaughter and tried to wed the two.
Read more...Heterodox Approaches Will Provide Answers to the Multiple Cascading Crises of Our Future
The old normal is rigid and destructive to humans and the planet. Heterodox ideas offer some hope, but will they be sufficient?
Read more...Big and Small Businesses Are Nothing Like Each Other
An important yet oft-ignored point: big and small businesses are wildly different, and that matters from a policy perspective.
Read more...What If There’s No Landing at All, But Flight at Higher Speed and Altitude than Normal, with Higher and Rising Inflation?
Recent economic data suggest inflation may gain steam again. What would the Fed do?
Read more...“Is The West Prepared to Deal With Potential Iranian Sabotage of the Oil Market?”
A discussion of some of the ways Iran could use economic, as in oil, leverage to retaliate against an Israel strike.
Read more...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...Gas Crunch Looms as Demand Outpaces Supply Growth
Why a gas price squeeze looks likely.
Read more...Economic Models Ignoring “Look Out the Window” Climate Change Effects
Supposed forecasting mavens are simply ignoring the real economy effects, like poor harvests, of climate change.
Read more...Satyajit Das: US Presidential Politics – The More They Bicker, the More They Stay the Same
US presidential candidates promise policy choices but have little room to manoeuvre. Ergo, politics turns into a contest like American Idol
Read more...The Sanctions Poison Pill in Putin’s Peace Offer
A discussion of Putin including a not-much-discussed deal term that the West will never accept: sanctions relief.
Read more...Rob Urie: Failed US Economic Policies Lie Behind Current Geopolitical Tensions
How US fealty to neoliberalism undermined its economy. And why China’s choices are not likely to produce happy outcomes.
Read more...OK, Forget it, False Alarm, Labor Market Is Fine, Bad Stuff Last Month Was Revised Away, Wages Jumped. No More Rate Cuts Needed?
New and revised labor market data suddenly says the US economy is just fine. Mr. Market’s continued rate cuts look off the table for now.
Read more...The Fed and the “Soft Landing” – Policy or Luck?
The Fed has little to do with the fall in inflation. Limited labor bargaining power and easing supply chain problems were more important.
Read more...Richard Wolff and Michael Hudson: West’s Colossal Failure: Peace Summit in Switzerland, US Decline, Rise of BRICS
Michael Hudson and Richard Wolff, in fine form, discuss the remarkable US success in driving its strategic rivals into alliances.
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