Category Archives: Economic fundamentals

Endgame Taiwan? US Plans Further China Eyepoking with Planned Military Transit of the Taiwan Strait

China and the US are making threat displays over Taiwan. Lovely.

Inside the Democrats’ Climate Deal with the Devil

The new climate package furthers the US’ most profligate pastimes: drilling oil and driving big cars.

Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong

Looking at inflation through a class warfare lens.

Book Review: A Global History of the Black Death

In “The World the Plague Made,” James Belich argues that the Black Death had a profound impact beyond Europe.

The Future of Global Catastrophic Risk Events from Climate Change

U.N.: Climate change is causing extreme events that can kill > 10 million or lead to > $10 trillion in damages, threatening societal collapse

Michael Hudson: American Diplomacy as a Tragic Drama

American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.

Xi and Biden Talk Past Each Other in Over 2 Hour Phone Call

The Xi-Biden call confirmed that despite keeping communications lines open, the two superpowers are at an impasse.

The Gang That Can’t Shoot Straight: Western Leaders Bungle Russia Gas Supply, Barmy Oil Price Cap, and Appear Unable Even to Line Up Meetings

The harder you look at Western scheming against Russia (and China) the worse it appears.

Left in the Dark: The Families Struggling to Survive Fuel Poverty

The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.

Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest Since 2008

There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.

Sri Lanka’s Arrest of Aeroflot Plane Was the Straw that Broke President Rajapaksa’s Back

How Sri Lanka tried, and may still be trying, to play Moscow off against Washington.

The End of Cheap Russian Gas: Turning the Lights Out in Europe

Be careful what you wish for: Europe is seeing the end of its access to cheap Russian gas.

Some Implications of the UN’s Ukraine Grain and Russia Fertilizer/Food Agreements

The press was all over the UN’s Ukraine grain deal, but the UN agreement on Russian fertilizer and food may be more imporant in the long run.

Behind the Crisis in Sri Lanka – How Political and Economic Mismanagement Combined to Plunge Nation into Turmoil

Some background on the escalating crisis in Sri Lanka and what might come next.

Michael Hudson on Finance Capitalism’s Self-Destructive Nature

Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems