Category Archives: Economic fundamentals

The EU Looks Doomed to Repeat its Russia “De-Risking” Strategy with China

Plans are lacking, but that hasn’t stopped Brussels before.

The Fed’s Interest Rates Are Still Fueling Inflation Rather Than Dousing it, and People Getting Used to this Inflation

Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.

NY Times Is Wrong on Dedollarization: Economist Michael Hudson Debunks Paul Krugman’s Dollar Defense

Michael Hudson calls out Krugman for invoking the favorite libertarian trope of hyperinflation.

What We Owe the Future: A Million-Year View, or How to Look at the World from the Philosophical High Ground

A critical look at William MacAskill’s new book on how human civilization can make it through the next few hundred years.

Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, Even for April

Oopsie! Still perceived-to-be-high housing prices, thanks to higher mortgage rates, is a landlord’s wet dream. Who’d have thunk it?

4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson

US banks keep falling over but the Fed is curiously indifferent.

The Rise of China (and the Fall of the U.S.?)

Tectonic eruptions in Eurasia erode America’s global power.

Income Tax Withholding Payments Stumble Again, Signaling Job Weakness. Will the Fed Start to Consider Backing Off?

Income tax receipts are a good proxy for jobs. That measure has suddenly gone wobbly. If that persists, will the Fed blink?

Global Shipping Is Under Pressure to Stop Its Heavy Fuel Oil Use Fast – That’s Not Simple, but Changes Are Coming

While proposals to curb shipping industry emissions are overdue, it would help to address the shippers too.

Debt and the Collapse of Antiquity – Michael Hudson

Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.

Ukraine Conflict Highlights Key Question for Africa: Should We Focus on the Problems of the Elite, or Those Faced by the Majority of the Population?

Professor Sokona, Vice-Chair of the IPCC, on how Ukraine has reshaped thinking in Africa and on the needed transformation in its leadership

The Who and Why Behind the Push to Gut Child Labor Laws

“The object of employing children is not to train them, but to get high profits from their work.” — Lewis Hine, 1908

A Debt Crisis Looming in the Global South?

Martin Guzman explains the role of power in sovereign debt crises and restructurings.

German Government Is in Disarray at Home and Causing Confusion Abroad

Scholz’s corrupt past resurrected again, coalition sinking, and questions arising over who in German government is actually steering foreign policy.

Tracking the EU Decoupling from Russia

Taking stock of the EU’s economic divorce from Russia.