Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Category Archives: Economic fundamentals
Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
Unpacking why the US military is so expensive and even if it were less pork-driven, would still be unduly costly for society at large.
Read more...Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony
Why Trump’s National Security Strategy and his efforts to shore up dollar dominance are proofs of weakness.
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...“The Truth Behind Trump’s Aggressive Venezuela Strategy”
An explanation of why US belligerence against Venezuela is not about exploiting its oil. So what is it about?
Read more...Today’s Doctored CPI Inflation Release Is Like a Bad Joke, but Very Serious
Unpacking the data crime in the new inflation report: a bizarre fall in housing costs, aka Owners Equivalent of Rent, which is 26% of CPI.
Read more...Poor Health Weakens Support for Fairer Healthcare
Why highly unequal societies like the US exhibit falling levels of population-level fitness along side falling support for better healthcare.
Read more...Is AI Creating Monsters?
More troubling new sightings on the AI front.
Read more...The EU’s New Policy Towards Russia’s Seized Assets Isn’t About Helping Ukraine
It’s hard to be cynical enough in looking at EU rationales and motives for strengthening their hold on Russia’s seized assets.
Read more...Satyajit Das: AI – Artificial Intelligence or Absolute Insanity?
AI is following the same trajectory as the dot-com bubble.
Read more...Why Housing Prices in Big Cities Cannot Be Expected to Come Down Any Time Soon
On the dynamics behind seemingly unyielding high urban housing prices.
Read more...Trump Administration Joins EU in Russian Frozen Asset Madness
I want whatever Team Trump is smoking. Their Russian frozen assets plan has achieved impressive new levels of delusion.
Read more...The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Read more...Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
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