A New Era of Endless Labor Shortages? A Critical Analysis of McKinsey’s New Report
A McKinsey report focusing on an extremely high job vacancy ratio in recent years cherry-picks data about the state of the U.S. labor market.
Read more...Category Archives: Economic fundamentals
Israel’s Inertial Genocide
An update on Israel’s horrific campaign against Palestinians.
Read more...Michael Hudson: World Shaking Up! Epic Political & Economic Earthquakes
Michael Hudson reviews the commitments made at the recent NATO and SCO gatherings and what they mean for changes in the world order.
Read more...How Far Goods Travel: Global Transport and Supply Chains from 1965-2020
A detailed looks at trade patterns and supply chains over the last 50+ years.
Read more...New Agenda of Russia-India Relations
Modi and Putin had a bear hug earlier this week. Some context on India-Russia dealings and US upset about them.
Read more...US Fed-Induced World Stagnation Deepens Debt Distress
US and Fed bad cooking has led to weak growth the world, and by urging poor countries to borrow at once-low rates, debt distress.
Read more...Michael Hudson: We Need a New Political Vocabulary
Yves here. Thank the persistent and very long running campaign to move the values of the US to the right for the hollowing out of the meaning of traditional political labels that Michael Hudson describes below. It can’t be said often enough that the change in the where the center was perceived to sit was […]
Read more...The New Curse of Critical Minerals
An updated look at the classic resource curse.
Read more...Germany’s Grid Is Getting Greener as Its Industry Is Weakening
Why Germany’s claimed green transition progress is less impressive than it appears when you decompose the data.
Read more...The EU ‘Doom Loop’: Bloc Set to Embrace More Austerity Despite Evidence It Will Cause Further Rightward Shift
The National Rally wins first round in France. Why do the self-described centrists keep making it so easy for the far right?
Read more...Balancing Green Goals and Financial Realities: Labour’s Net Zero Dilemma
Yet another example of inadequate green targets meeting the notion that even that much action is somehow too costly.
Read more...Capital in the 21st Century: Ownership of the Firms Producing Raw Materials
Investors from outside the EU control a significant share of the capital of global listed companies involved in the mining of cobalt, copper, lithium, nickel, and rare earths, underscoring the need to enhance the EU’s strategic autonomy and devise a metal-specific strategy going forward.
Read more...Michael Hudson: 18th Century Writers Understand Effects of War Debt Better Than IMF
Michael Hudson explains how the IMF’s view of war debt is dangerously misguided and older economic thinkers had much better take.
Read more...Layoffs, Retirement, and Post-Pandemic Inflation
Finally, a look at how Covid-related early retirement has contributed to our recent inflation.
Read more...The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
How the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
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