A relatively new financial product, buy now pay later loans, is deepening the misery of already over-extended Americans, especially Gen Z
Read more...Private debt levels, particularly for real estate, look evocative of the 2008 crisis. But how is a rerun likely to differ?
Read more...A former Fed economist explains in detail how the central bank has been using dodgy accounting to hide losses from impermissible subsidies
Read more...A wide-ranging historical discussion with Michael Hudson, tracing the destructive rise the power of lenders from ancient times to today.
Read more...Despite the Fed depicting its current rate policy as restrictive, manic pricing in many financial markets says otherwise.
Read more...Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.
Read more...Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.
Read more...Struggling Del Monte Foods keeled over due to its exposure to steel and aluminum cost increases from ‘Trump’s tariffs.
Read more...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...Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Read more...Michael Hudson: War on Iran is part of the US empire’s effort to re-impose its dominance on the global political and financial system
Read more...A detailed, yet still softball, take on how climate change damage will wreck property values and much of what passes for an economy
Read more...An orthodox economist describes inconsistencies in rating agencies’ approach to downgrading US debt and their view of reserve currency status
Read more...It can’t be said too often: what most economists call growth is too often what we here call groaf.
Read more...Trump does have a plan to shore up America”s flagging power, even if, when you put the pieces together, it does not make much sense.
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