Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...As Mr. Market idelivers a big raspberry in response to Trump’s big beautiful bill, remember it won’t affect the ability to keep spending
Read more...Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Read more...Green energy investment goes wobbly….again.
Read more...A refined (pun intended) discussion of the state of the energy market and the high risk of continued kinetic action between Israel and Iran.
Read more...An orthodox economist describes inconsistencies in rating agencies’ approach to downgrading US debt and their view of reserve currency status
Read more...Investors seem unduly chill about the risk that a US attack on Iran will produce a formal or de facto closure of the Strait of Hormuz.
Read more...The war situation with Iran is not necessarily developing to the advantage of Israel, and Trump has to decide what to do.
Read more...ump’s trade, tariffs and tax schemes are already starting to come apart. And he seems to have no Plan B.
Read more...Trump is now taking on Fed chair Powell over Powell’s refusal to cut rates to bail Trump out of the economic messes he created.
Read more...Sales of US equities by foreign owners played a meaningful role in the falll of the dollar after the Trump tariff rampage began.
Read more...On how lower foreign government appetite for Treasuries might affect the status of the dollar as reserve currency.
Read more...Mr. Market, in the form of longer-dated Treasury yields, is not on board with the Trump tariff scheme.
Read more...The focus on the market rout pervesely distracts attention from Trump’s massive and probably durable real economy destruction.
Read more...The latest Trump tariffs kick up the destructiveness of his administration up to a whole new level.
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