How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...Category Archives: Economic fundamentals
Minnesota Becomes 4th State to Provide Free School Meals to All Kids
Child labor makes a comeback as there’s no such thing as a free lunch in 46 US states.
Read more...Were the Bank Bailouts the Result of Rising Wealth Concentration?
Are many of the explanations of the recent bank tsuris barkign up the wrong tree?
Read more...The High and Getting Higher Cost of Renting in the US
Why renting is even more expensive than ever, even pinching the soi-disant middle class.
Read more...Michael Hudson Talks to Ben Norton About SVB and Bank Failures
Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Read more...Hoisted from Comments: Rosneft Refinery in Schwedt Continues to Be a Microcosm of Europe’s Sanctions-Induced Energy Mess
A case study in sanctions blowback: how the Rosneft refinery, an important provider of diesel and jet fuel, looks like a stranded asset.
Read more...US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare
An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.
Read more...Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?
How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?
Read more...Wall Street Journal: “US Is Not Yet Ready for Great Power Conflict” Yet Still Plots Against China
The US seems obsessed with China, yet effectively admits it is behind and unlikely to catch up. And it too quickly dismisses Russia.
Read more...America’s Chips War With China: Another Sanctions Backfire Coming?
Biden Administration officials are pleased as punch with their targeting of China’s supposed Achilles heel: dependence on US designed chips.
Read more...What If the World Cannot Save the World from Climate Change?
How climate change reveals a crisis of international governance.
Read more...New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
Read more...At the Brink of War in the Pacific? The Nightmare of Great Power Rivalry Over Taiwan
In pressing the Taiwan hot button, is the US misreading China’s capabilities and networks just as it has Russia’s?
Read more...The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects
A deep dive into the costs and impact of the recent, large-scale European energy subsidies.
Read more...Losing Out in Critical Technologies: Cisco Systems and Financialization
Cisco turned from innovation to financialization, weakening the position of the US information-and-communication-technology industry
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