China Is the World’s Sole Manufacturing Superpower
Not surprisingly, China tallies as number one in manufacturing…..and that is before European deindustrialization has really gotten going.
Read more...Category Archives: Economic fundamentals
The US, Israel Have Lost Battlefield Control – Houthis Have Attacked US Destroyer, Hit Greek-US Owned Bulker; Iran Has Hit US Base in Kurdish Capital, Erbil
The Houthi situation has developed not necessarily to the US’ and UK’s advantage.
Read more...The Brave New World of Employment Under AI……What About Countervailing Forces?
Why AI still has some growth pains coming.
Read more...How Workers and Firms Meet in the Labour Market and Why It Matters
Because search channels connect workers and firms at different rungs of the wage distribution, matching technologies matter not only for individual job search outcomes, but also for aggregate employment, productivity, and wage inequality.
Read more...The Debt Explosion: How Neoliberalism Fuels Debt Crises
Radhika Desai and Michael Husdon provide a data-driven discussion of the inflating and detonation of debt bombs during the neoliberal era.
Read more...Doctors Raise Alarm on Dropping Global Fertility Rate, Environmental Pollutants Cited
A new paper on dropping fertility rates urges policies to increase them, ignoring resource constraints and environment degradation.
Read more...Why the Middle Class Benefits from Inflation
Why you should be glad and learn to love inflation.
Read more...Fixing the Panama Canal
The impact of the reduction in Panama Canal capacity illustrates choices we will have to make. Some are more pro-survival than others
Read more...Thomas Friedman Is Wrong (Again) on Who Failed Peace in Israel/Palestine
US and Israeli policies sank any hope for a stable Palestinian state by intentionally sabotaging economic progress in the West Bank and Gaza.
Read more...Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement
US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.
Read more...Unhappy New Year: How Austerity is Making a Comeback in Berlin and Brussels
How EU states are still trapped in their self-devised austerity hairshirt.
Read more...From the Great Divergence to South-South Divergence
A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.
Read more...Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues
China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.
Read more...Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
Read more...India’s Russian Oil Imports Helped Prevent A Global Polycrisis
India makes a bold claim about spillover benefits from having ignored Western sanctions on Russian oil.
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