Category Archives: Economic fundamentals

Michael Hudson Talks to Ben Norton About SVB and Bank Failures

Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies

Hoisted from Comments: Rosneft Refinery in Schwedt Continues to Be a Microcosm of Europe’s Sanctions-Induced Energy Mess

A case study in sanctions blowback: how the Rosneft refinery, an important provider of diesel and jet fuel, looks like a stranded asset.

US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare

An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.

Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?

How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?

Wall Street Journal: “US Is Not Yet Ready for Great Power Conflict” Yet Still Plots Against China

The US seems obsessed with China, yet effectively admits it is behind and unlikely to catch up. And it too quickly dismisses Russia.

America’s Chips War With China: Another Sanctions Backfire Coming?

Biden Administration officials are pleased as punch with their targeting of China’s supposed Achilles heel: dependence on US designed chips.

What If the World Cannot Save the World from Climate Change?

How climate change reveals a crisis of international governance.

New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things

Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.

At the Brink of War in the Pacific? The Nightmare of Great Power Rivalry Over Taiwan

In pressing the Taiwan hot button, is the US misreading China’s capabilities and networks just as it has Russia’s?

The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects

A deep dive into the costs and impact of the recent, large-scale European energy subsidies.

Losing Out in Critical Technologies: Cisco Systems and Financialization

Cisco turned from innovation to financialization, weakening the position of the US information-and-communication-technology industry

Why News of Population Decline and Economic Slowdown Isn’t Necessarily a Bad Thing

Why handwringing about population decline is the wrong reaction.

Can the Phillips Curve Explain Recent Wage Growth?

Contrary to what many have claimed, wage growth in the fourth quarter of 2022 was actually in line with what a standard Phillips curve model predicts.

Who’s Winning and Losing the Economic War Over Ukraine?

A stocktaking on the impact of the economic sanctions against Russia.

An Inconvenient Apocalypse

Authors Jackson and Jensen argue that we need an acopalypse, as in a full recognition of conditions, to make radical envirnmental changes.