EU Imposes Secondary Sanctions on Russian Steel in Eighth Sanctions Package. Is Türkiye the Target?
the EU using an obscure steel secondary sanction to whack Türkiye?
Read more...Category Archives: Economic fundamentals
Russian Army Turning Out the Lights: US Losing Electricity War in Ukraine
The dire and worsening state of Urkraine’s electricity supply has gone curiously unnoticed by Western commentators.
Read more...Big Agriculture Casts Itself as Climate Champion Ahead of COP27
Critics say the US-led Aim4C coalition will sideline nature-friendly farming in favour of polluting status quo agriculture.
Read more...Brexit Britain Is All Alone in a Senseless Pursuit of Disaster Capitalism
As other nations return to state-led investment, Truss and Kwarteng act to weaken the democracy, economy and rights of Britain.
Read more...Is the Energy Transition Taking Off—or Hitting a Wall?
Why, as they say in Maine, you can’t get get there from here as far as our green energy plans are concerned.
Read more...Satyajit Das: The Financial Party Is Coming to an Abrupt End
There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.
Read more...A Tale of Tier 3 Cities in China
The stock of real estate in China is now quite large for what is still a lower-middle-income country.
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...More Fallout From the Nord Stream Pipeline Attacks
By Conor Gallagher Yves wrote yesterday about what the Russian response might be to the Nord Stream attacks. I wanted to touch on a few other potential consequences I’ve come across, and as there are no doubt more, hope to see them in comments. Economic Catastophre in Europe Now Certain There were questions in Washington […]
Read more...Michael Hudson on The Euro Without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time. Hudson gets to the bottom of what Germany’s downfall will mean […]
Read more...Russia Seeking UN Security Council Meeting Over Nord Stream “Act of International Terrorism.” What Else Might Russia Do?
Russia is almost required, if nothing else for domestic political reasons, to Do Something about the Nord Stream attacks. But what exactly?
Read more...Free Market Genocides: The Real History of Trade
How so-called free trade has often brought large scale death, sometimes by design.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, Already at Lockdown Levels, Drop Further. Active Listings Rise Further
The housing market in the US, not surprisingly, is looking pretty punky.
Read more...U.S. Senators Propose Secondary Sanctions On Russian Oil
Some US senators are pushing what looks like another sanctions own goal…..assuming it gets done.
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