Michael Hudson: Who Writes the New Rules as Power Shifts Away from the US?
Michael Hudson discusses many of the responses to the US loss of economic dominance, from Europe’s self-immolation to China’s lending.
Read more...Category Archives: Economic fundamentals
Netanyahu Depicts Grim Economic Future for Israel, Need to Become an Autarky, “Super Sparta” Due to Isolation; Are There More Meanings?
Netanyahu really did admit Israel is on the ropes economicaly, even though he then tried to walk it back. What might have been the prompt?
Read more...U.S. Automakers Navigate Rising Metal Costs and Supply Woes
Beleagured US automakers, who remain important employers, face new tsuris in tariff costs and scarcity of key minerals.
Read more...Michael Hudson: Trump’s Economic War Against Europe, Korea and Japan
On the impact of Trump overplaying his hand with trade partners who aren’t all that dependent on the US.
Read more...Giorgio Armani: Farewell to the Visionary Designer/Businessman Who Lifted Italy into Fashion Leadership
Armani played a key role in fashion, not just via designs, but also his business acumen that helped elevate Italy to the industry’s top tier
Read more...Is Europe Preparing for War Against Russia or Against Own Populations?
Population control toys aren’t all that useful on the Eurasian Steppe.
Read more...Trump Floats Idea of Declaring Housing Emergency: Another Self-Sabotage Operation?
Quelle surprise! The Scott Bessent announcement of a possible Trump housing emergency made it sound like a stunt, not a plan.
Read more...Michael Hudson: Eurasian World Order – New Global Governance
Michael Hudson discusses hot topics, such as the implications of the SCO conference and Xi’s global governance proposal.
Read more...Tariffs and US Dollar Depreciations: Not So Surprising After All
How conventional thinking on how the dollar would respond to Trump tariffs missed a key factor: retaliation.
Read more...U.S. Utilities Put in a No-Win Position by Phantom Data Centers
AI players are gaming utilities, and creating high odd of bad outcomes for other customers, by making duplicate orders for power.
Read more...James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory
Contrary to some economists’models, salaries aren’t constantly reset based on skills or technology. They follow the economy and politics.
Read more...Trump’s Appellate Court Tariff Loss: It Isn’t Over Until the Fat Lady Sings
Trump is likely to win his retaliatory tariff battle at the Supreme Court and even if not, he’s too fond of this bludgeon to give it up.
Read more...Farcical Visions of Competitiveness in the EU
What will stop these maniacs first? A popular revolt putting them in padded cells or Russian strikes?
Read more...Michael Hudson: How Lenders Sought and Got Power in the Roman Era and Helped Legitimate Later Rentierism
Michael Hudson recaps the long history of limits on lenders’ rights for the benefit of society and how the Roman era was an inflection point
Read more...Trump’s Impact on the Financial Sector and Global Dollar System
A wide-ranging review of how unccordinated Trump policies undermine the dollar and the international banking system, and even each other.
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