Germany to Keep Three Nuclear Plants Going Past Old Shut-Down Date to Alleviate Energy Crunch
Germany looks a wee bit desperate as it suddendly moves to keep three nuclear reactors in producion that were set for shutdown
Read more...Category Archives: Economic fundamentals
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike
Housing sales and prices continuine on their grim slide.
Read more...More US Eyepoking of China with New Congresscritter Visit to Taiwan; What Will China Do Next?
The US is still escalanting with China over Taiwan. And China most assuredly is keeping score.
Read more...Striking a Bargain: Narrative Identification of Wage Bargaining Shocks
Workers and employers bargain over the surplus income generated by an employment relationship. This column uses information about key events in Germany relevant for wage negotiations, like labour strikes and the introduction of a minimum wage, to pinpoint changes in bargaining power between workers and employers. It finds that such wage bargaining ‘shocks’ are important drivers of unemployment and inflation and that their effect on wages is almost fully reflected in prices. Furthermore, they reduce the vacancy rate and increase firms’ profits and the labour share of income in the short run, but not in the long run.
Read more...Chip Shortages And Inflation Are Plaguing The Auto Industry
Chip woes still bedevil carmakers, to the degree that auto quality ratings are down, particularly for preimum vehicles.
Read more...Italy’s Upcoming Election and Its Ongoing Neoliberal Project
More on the EU upset over Italy’s move to the right, like the expected success of Brothers of Italy (Fratelli d’Italia) in Sept. elections.
Read more...America, Land of the Dying? Alarming Study Shows U.S. Killing Its Own Population
American became an outlier among rich countries in mortality rates pre pandemic, and Americans are dying younger than their peers abroad.
Read more...Recession Mongers Shocked & Horrified by This Surge in Employment
Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.
Read more...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.
Read more...Inside the Democrats’ Climate Deal with the Devil
The new climate package furthers the US’ most profligate pastimes: drilling oil and driving big cars.
Read more...Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong
Looking at inflation through a class warfare lens.
Read more...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.
Read more...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
Read more...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.
Read more...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.
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