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...Category Archives: Economic fundamentals
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.
Read more...Yanis Varoufakis: Time to Blow Up the Electricity Markets
How the EU’s neoliberal Rube Goldberg electricity market has made the energy shortage problem much worse than it needed to be.
Read more...Why Black Wednesday Still Matters – It Was the Start of Markets Telling Politicians What to Do
Alexis Stenfors assesses the importance of Black Wednesday as a juncture in the history of central banks. By showing they could beat the Bank of England, traders changed the entire power relationship.
Read more...Truss’s Plan to Hike Defence Funding and Ignore the Climate Is a Disaster
How Liz Truss’ defense budget math does not work…or does really well if the point is to roll social support back to Victorian workhouses.
Read more...Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock
The G7 plans to use its payments system to enforce a Russian oil price cap, because that worked so well in the shock and awe sanctions.
Read more...The Russian Situation Comedy Is No Lying Matter – The Joke Is on the Office of Foreign Assets Control
How Russian comedy producers and broadcasters are laughing their way to the bank thanks to Western sanctions.
Read more...US Is Becoming a ‘Developing Country’ on Global Rankings that Measure Democracy, Inequality
High levels of inequality are correlated with poor social indicators, so the US falling in global scores should come as no surprise.
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