“The US Trade Deal Is a Bad Deal, and It Has the Potential to Get Worse”
The first US trade “deal”, with the UK, looks as ugly as one might have expected.
Read more...Category Archives: Economic fundamentals
Martin Wolf’s “The old global economic order is dead”
A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.
Read more...Roaring Tariffs: The Global Impact of the 2025 US Trade War
A model of the economic effects of various tariffs war scenarios shows even the likley “least bad” outcome is stilll pretty bad.
Read more...Distributional and Macroeconomic Effects of Trump 2.0: The Rich Get Richer and the Poor Get Poorer
The likely outcome of Trump policies are a recession, a rise in inequality, and a further fall in living standards of working and middle-class Americans
Read more...Trump’s Neverending Tariffs War? Proposes 100% Tariffs on Foreign Movies; De Minimus Exclusion Ends, Hurting the Poor; Financial Times on Tariff Evasion, Official and Via Trans-Shipment
A battlefield update on Trump’s tariff wars.
Read more...Complacency, Denialism and the Risk of an Economic Trumpocalypse
Why the downside to Trump economic policies are far greater than the press and pundit class are willing to acknowledge.
Read more...Satyajit Das: The Unravelling – Part 2: Contagion & Containment
Mapping the contagion fever chart of how a Trump financial meltdown might unfold.
Read more...Global South and Multilateral Financial Institutions: Where Does BRICS Stand?
Why BRICS has gotten barely anywhere on launching its own finanicial institutions and why that is unlikely to change soon if ever.
Read more...Satyajit Das: The Unravelling – Part 1: Economic & Financial Furies
Why the Trump-induced economic and financial train wrecks will be more severe than most pundits seem to anticipate.
Read more...China Leapfrogging the U.S. in Tech Innovation
Some sobering facts on how China is outstripping the US in science and technology advances.
Read more...Michael Hudson and Yanis Varoufakis with Ann Pettifor on Economic and Political Paradigm Changes
The formidable trio of Michael Hudson, Yanis Varoufakis, and Ann Pettifor assess the rapid changes in our economic system.
Read more...Extractive Taxation and the French Revolution
What ought to be a cause for tariffs pause: unrepresentative and often high taxes were a major spur to the French Revolution.
Read more...How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won’t Change That
The money to support well-paid American jobs exists—it’s just being hoarded by the rich.
Read more...Trump Wants World to Subsidise US Empire
A Trump advisor argues, in all seriousness, that other countries should help bear the cost of US empire because it confers so many benefits on them.
Read more...Tariffs, the Dollar, and Equities: High-Frequency Evidence from the Liberation Day Announcement
Sales of US equities by foreign owners played a meaningful role in the falll of the dollar after the Trump tariff rampage began.
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