Michael Hudson: The Fed’s Austerity Program to Reduce Wages
The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Read more...Category Archives: Economic fundamentals
Michael Hudson Talks About Almost Everything with Jonathan Brown
Another blockbuster interview with Michael Hudson.
Read more...Housing Market Takes Another Body Blow with Sharp Interest Rate Rise
A short update on the housing market.
Read more...Noam Chomsky: Ukraine Is a Diplomacy No-Go Zone
If this is what Western “realism” about Ukraine looks like, our goose is cooked.
Read more...Gazprom Reduces Gas Flows To Italy
More on the dastardly gast cuts to Europe by Gazprom.
Read more...Can the Fed Kill This Inflation Without Killing Too Many Other Things First?
Why having central banks as the inflation shock troops is not such a hot idea.
Read more...Fertilizer Prices Are Soaring – and That’s an Opportunity to Promote More Sustainable Ways of Growing Crops
The fertilizer price crisis may represent an opportunity….but can farmers take advantage of it?
Read more...SWIFT Dollar Decline
US-led sanctions are inadvertently undermining post-Second World War dollar dominance. Countries threatened are respond pro-actively.
Read more...Western Self-Destruction Continues: US Eyepoking China, US Failed Muscling of Latin America, EU Commission Schemes to Admit Ukraine. To What End?
Western officials are doing an impressive job of making not-great to bad situations worse. What gives?
Read more...Would A Price Cap On Russian Oil Help Curb Its Revenue?
Janet Yellen’s idea that Russia will sell oil to the collective West at a super duper discount looks pretty unhinged.
Read more...Why What’s Going on Right Now at the WTO Matters
Besides the crucial COVID-19 vaccine patent waiver, far more is at stake at this WTO ministerial than is generally known.
Read more...Global Supply Chains Rattled by Winds of War
An analysis of the concentration of key commodities in supply chains shows why the Russia sanctions are having some outsized effects.
Read more...Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
The increase in interest rates is finally denting mortgage and housing activity of all sorts.
Read more...Why Saudi Arabia Isn’t Giving Up On Its Russian Oil Alliance
Why Saudi Arabia is still not playing nice with the US.
Read more...Michael Hudson: Is US/NATO (with WEF Help) Pushing for a Global South Famine?
Are the coming famines in Africa and parts of Asia an accident or design?
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