Category Archives: Economic fundamentals

Biden Kowtows To Saudi Arabia

A scheduled Biden in-person meeting with Saudi Crown Prince Mohammed bin Salman is a sign of desperation.

The War Situation Has Developed Not Necessarily to Ukraine’s or the West’s Advantage But They Plan to Negotiate When They’ve Turned Things Around a Bit

Looking at the presently insurmountable gap between the West’s probable bid and Russia’s ask to settle the militiary and economic wars.

Michael Hudson on the Coming Global Fracture as Economic Orders Clash

How our current “clash of civilizations” is a war between economic models.

Suddenly Here Comes the Inventory: Homes Listed for Sale Jump Amid Price Reductions and Sagging Sales

In most US markets, there are more homes waiting to be sold than last year, How long will it take for overhang to lead to lower prices?

“One Reason Republican Lies About the Climate Crisis Work”

Republicans use the fact that tackling climate change will impose costs as a reason not to go there, while Dems largely finesse the issue.

Sanctions Now Weapons of Mass Starvation

US/allied sanctions against Russia have not achieved their objectives but are worsening economic stagnation, inflation and hunger worldwide.

EU Continues to Try to Hurt Russia by Shooting Itself in the Foot

Amazement that the EU is engaging in yet more self harm to try to damage Russia.

Our Global Economic System Is Broken. Are We Headed for a Mass Revolt?

An increase in global hunger, combined with the rich getting even richer, would seem to set the stage for revolt. But is that in the cards?

Understanding the Global Rise in Inflation

How high demand for traded goods is generating inflation, and central banks hitting the brakes is likely to hit growth unnecessarily hard.

The EU Needs More Than $1 Trillion for Plan to Ditch Russian Oil and Gas

The EU will have to make very large expenditures to end its depencence on Russian energy. But does it also have the organizational chops?

Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k

The housing market is starting to unravel at the lower end, with new home purchases taking the biggest hit.

Fighting Inflation Excuse for Class Warfare

Too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check inflation.

Paradigm and Nervous Breakdown: Globalization Goes Into Reverse as Inflation/Scarcity Crisis Accelerates

How long-established structures are approaching breakdown, yet those in charge try to look past that.

Geopolitics Takes A Back Seat As Biden Drops Sanctions On Venezuela

Quelle surprise! The US is trying to kiss and make up with Venezuela.