One Year After the Collapse of the Airline Business Began: What’s the Status Now?
Collapsed revenues, astronomical losses, red-hot cash-burn, hellish new debt. Meanwhile, amid craziest markets ever, airline shares soared.
Read more...Category Archives: Economic fundamentals
Goldman Is Evil But McKinsey Is Worse
Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.
Read more...Michael Hudson – Changes in Super Imperialism
Michael Hudson recaps his classic Super Imperalism and extends it to the 21st century struggle for dominance among the US, China, and Russia.
Read more...Negative Interest Rates Are Coming, but There Is No Chance That They Will Work
Negative interest rates: a bad idea that some central banks still can’t resist.
Read more...“The Vibe in North Houston”: A Report on Working Class Men Betrayed and in Angst
An account of working class men on the boil.
Read more...As COVID Rages, Bankruptcy Cases Fall…..For Now
The good news about bankruptcy under Covid is not likely to last.
Read more...Epidemic of Despair Could Haunt America Long After COVID
The pandemic may have severe after-effects, with deaths of despair impacting more distressed and newly-vulnerable populations.
Read more...‘Will End Up Hurting Tens of Millions’: Progressives Push Back as Dems Weigh Lower Income Cutoff for Stimulus Checks
“Means testing is a form of austerity. Scaling back on stimulus would be a mistake.”
Read more...Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...The Blindness of Using Venture Capital to Fight Human Trafficking
Venture capital relies on market-based solutions to maximize short-term gains. That is no way to address worker exploitation.
Read more...Deaths of Despair and the Incidence of Excess Mortality in 2020
An effort to decompose deaths of despair under Covid.
Read more...Michael Hudson: Finance Capitalism vs. Industrial Capitalism – The Rentier Resurgence and Takeover
Michael Hudson provides a deep dive into the rise and rise of the rentier under financial capitalism.
Read more...Coronavirus and Banking: Evaluating Policy Options for Avoiding a Financial Crisis
A scorecard for various approaches to combatting the looming European banking crisis.
Read more...COVID-19 Is Pushing Migrants Back to Their Home Countries
With Covid-19 driving many migrants to return to their countries of origin, governments need to implement better reintegration plans.
Read more...