Category Archives: Economic fundamentals

4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson

US banks keep falling over but the Fed is curiously indifferent.

The Rise of China (and the Fall of the U.S.?)

Tectonic eruptions in Eurasia erode America’s global power.

Income Tax Withholding Payments Stumble Again, Signaling Job Weakness. Will the Fed Start to Consider Backing Off?

Income tax receipts are a good proxy for jobs. That measure has suddenly gone wobbly. If that persists, will the Fed blink?

Global Shipping Is Under Pressure to Stop Its Heavy Fuel Oil Use Fast – That’s Not Simple, but Changes Are Coming

While proposals to curb shipping industry emissions are overdue, it would help to address the shippers too.

Debt and the Collapse of Antiquity – Michael Hudson

Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.

Ukraine Conflict Highlights Key Question for Africa: Should We Focus on the Problems of the Elite, or Those Faced by the Majority of the Population?

Professor Sokona, Vice-Chair of the IPCC, on how Ukraine has reshaped thinking in Africa and on the needed transformation in its leadership

The Who and Why Behind the Push to Gut Child Labor Laws

“The object of employing children is not to train them, but to get high profits from their work.” — Lewis Hine, 1908

A Debt Crisis Looming in the Global South?

Martin Guzman explains the role of power in sovereign debt crises and restructurings.

German Government Is in Disarray at Home and Causing Confusion Abroad

Scholz’s corrupt past resurrected again, coalition sinking, and questions arising over who in German government is actually steering foreign policy.

Tracking the EU Decoupling from Russia

Taking stock of the EU’s economic divorce from Russia.

Russia Leaves Neoliberal West to Join World Majority

The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?

James K. Galbraith: The Gift of Sanctions – An Analysis of Assessments of the Russian Economy, 2022 – 2023

Galbraith debunks conventional wisdom on sanctions against Russia.

The Impact of Inflation

The IMF takes a wee look at who is hurt by and benefits from inflation.

U.S. Losing Influence As Saudi Arabia Joins Shanghai Cooperation Organization

The US has managed to alienate Saudi Arabia, a one-time key ally.

Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,

Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.