Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.
Read more...Looking at inflation through a class warfare lens.
Read more...There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
Read more...Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...How neolibearlism and idealization of markets is the latest chapter in the West’s destructive drift towards rule by oligarchs and rentiers.
Read more...Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...Another blockbuster interview with Michael Hudson.
Read more...A short update on the housing market.
Read more...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...Why is a modest public bank plan for New York going nowhere?
Read more...Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...How the Sri Lanka debt crisis was decades in the making.
Read more...Why lending to emerging economies may be collateral damage of the war in Ukraine.
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