Wednesday, December 31, 2025

Michael Hudson: A Depression Is Coming

Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.

The Fed Tackles Kalecki

A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment

2:00PM Water Cooler 6/30/2022

~ Today’s Water Cooler ~

Privacy in the Wake of Dobbs: How Safe Are Your Medical Records and Digital Data If Prosecutors or Bounty Hunters from No-Choice States Come Knocking?

To answer the privacy question posed in the headline in a couple of words: not very. Expect a flurry of litigation involving no-choice and pro-choice states and the feds on issues of extraterritoriality, enforcement, and evidence.

Links 6/30/2022

New York Times Shows How McKinsey “Guided” Major Opioid Players, Causing Even More Deaths

More on how McKinsey has gotten away with murder.

Fighting Words – What the Poles Say When They Dare Do Nothing About NATO and the US

How Poland is getting the short end of the stick from the US and NATO. Not that that should be a surprise.

Damage from Air Pollutants You Won’t Hear About from Your Doctor

A useful reminder that the health costs of bad air are more extensive than most people realize. But what to do?

2:00PM Water Cooler 6/29/2022

~ Today’s Water Cooler ~

Drax Eyeing California as Site of New Biomass Carbon Capture Plant

UK company Drax is pitching a huge project, and seeking huge subsidies. for an unproven biomass technology.

Links 6/29/2022

As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

Yet more reasons why CalPERS needs to kick its private equity bad habit.

Oil Markets Could Face A Doomsday Scenario This Week

How will oil markets react if they get confirmation that OPEC+ has no spare production capacity?

Putin’s Invasion of Ukraine Didn’t Cause the Food Crisis. Capitalism Did

Small farmers are the world’s primary suppliers of food. It’s imperative we listen to them, not the big corporates

2:00PM Water Cooler 6/28/2022

~ Today’s Water Cooler ~