Some Implications of the UN’s Ukraine Grain and Russia Fertilizer/Food Agreements
The press was all over the UN’s Ukraine grain deal, but the UN agreement on Russian fertilizer and food may be more imporant in the long run.
Read more...Category Archives: Banking industry
Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...The Capitalist Solution to ‘Save’ the Planet: Make It an Asset Class & Sell it
John Bellamy Foster explains the plans to create assets on the back of everything nature does and expropriate it from the global commons.
Read more...Climate Change Risks to Sovereign Debt: How Integrated Assessment Models Inform Our Understanding
Evidence suggests that sovereign debt markets are taking climate effects into account in pricing, creating the potential for a climate-debt doom loop
Read more...Michael Hudson: The End of Western Civilization – Why It Lacks Resilience, and What Will Take Its Place
How neolibearlism and idealization of markets is the latest chapter in the West’s destructive drift towards rule by oligarchs and rentiers.
Read more...Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
What’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.
Read more...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...The Coming Sanctions-Induced Economic Tsunami?
It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.
Read more...“Why the Ukraine Crisis Will Make Little Difference to Dollar Supremacy”
Why the depth of the U.S. securities market will extend dollar hegemony beyond what would seem to be its natural sell-by date.
Read more...More and More Crypto Crashing and Burning as DeFi (Decentralized Finance) Misbehaves
The great crypto unwind is underway, bringing to light even more bad practices than you likely knew about.
Read more...Michael Hudson on the Coming Global Fracture as Economic Orders Clash
How our current “clash of civilizations” is a war between economic models.
Read more...‘Public Bank’ Bill Blocked From State Senate Vote After Industry Pushback
Why is a modest public bank plan for New York going nowhere?
Read more...How the Options Tail Has Come to Wag the Market Dog: A Simple English Language Explanation of How Structural Changes in the Stock Markets Contribute to Whipsaw Movements in Prices
Why the use of options may be the risk bomb that blows a big hole in our financial system.
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.
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