BlackRock Says We’re All Doomed. It’s Being Optimistic
The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse.
Read more...Category Archives: Economic fundamentals
‘It’s Not Either/Or’ — Population and Consumption in the Climate Solutions Debate
Looking at the oft superficially discussed population and consumption levers in the climate change debate.
Read more...Worst of Europe’s Energy Crisis May Be Yet To Come
Just because the weather gods are now smiling on Europe does not mean its energy crunch is over.
Read more...Ukraine: When Will It Reach the End of Its Propaganda Line?
Is Ukraine’s spin getting threadbare?
Read more...The Currency Swaps Time Bomb in Global Finance – Rob Johnson
Currency swap exposures have gotten to be uncomfortably large……
Read more...Hoisted from Comments: Rosneft Refinery in Schwedt as a Microcosm of Europe’s Sanctions-Induced Energy Mess
A Rosneft refinery in Germany illustrates how difficult it is to get back to anything resembling status quo ante under sanctions.
Read more...Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
Read more...Unequal Education and the ‘Great Gatsby Curve’
A look at the role of educational advantage in perpetuating inequality.
Read more...MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...Michael Hudson Discusses the Future of Europe and Global Restructuring
Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.
Read more...Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets
ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
Read more...The Economic Consequences of War
On the economic effects of wars, drawing on a novel database of nearly 400 wars over the past two centuries.
Read more...Estimating the True Cost of War: The Conflict in Eastern Ukraine (2014-2019)
A new approach for analyzing the economic cost of war finds the impact on Donetsk, even before the SMO, is very high.
Read more...