Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Category Archives: Real estate
Portland: Sobering Lessons in Untying the Knot of a Homeless Crisis
On the burgeoning homeless problem in Portland, and the city’s well-meaning but insufficient measures.
Read more...The Fifth Anniversary of the Grenfell Tower Fire, Aesthetics, and Social Murder
What were the causes behind Grenfell Tower’s beautiful, smooth facade?
Read more...Housing Market Takes Another Body Blow with Sharp Interest Rate Rise
A short update on the housing market.
Read more...Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
The increase in interest rates is finally denting mortgage and housing activity of all sorts.
Read more...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?
Read more...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.
Read more...Whither Hegemony? Prof. Wen Tiejun Foreword to Michael Hudson’s The Destiny of Civilization
The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.
Read more...What Blew Our Financial Bubble So Big?
Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...Learned Helplessness: Of Roaches, Restaurant Vents, and Reality
A worrisome case study of helpless and inaction in New York City tenants.
Read more...Housing Is a Human Right—Here’s How to Make It a Reality
e federal government has enables the private market to profit from housing. Time for a public option for housing?
Read more...Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)?
Is the housing market about to hit a tipping point?
Read more...On-Time Rent Payments Sag Amid Massive Spike in Rents
Rents are up a lot in most places in the US of any consequence. Not all tenants are keeping pace.
Read more...The Great Amazon Land Grab – How Brazil’s Government Is Turning Public Land Private, Clearing the Way for Deforestation
At the U.N. climate summit in 2021, 141 countries – including Brazil – signed a pledge to end deforestation by 2030. Yet land grabs continue to place the Amazon ecosystem at risk.
Read more...The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
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