Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, Already at Lockdown Levels, Drop Further. Active Listings Rise Further
The housing market in the US, not surprisingly, is looking pretty punky.
Read more...The housing market in the US, not surprisingly, is looking pretty punky.
Read more...Some US senators are pushing what looks like another sanctions own goal…..assuming it gets done.
Read more...How the EU’s neoliberal Rube Goldberg electricity market has made the energy shortage problem much worse than it needed to be.
Read more...Alexis Stenfors assesses the importance of Black Wednesday as a juncture in the history of central banks. By showing they could beat the Bank of England, traders changed the entire power relationship.
Read more...How Liz Truss’ defense budget math does not work…or does really well if the point is to roll social support back to Victorian workhouses.
Read more...The G7 plans to use its payments system to enforce a Russian oil price cap, because that worked so well in the shock and awe sanctions.
Read more...How Russian comedy producers and broadcasters are laughing their way to the bank thanks to Western sanctions.
Read more...High levels of inequality are correlated with poor social indicators, so the US falling in global scores should come as no surprise.
Read more...Gasoline purchases show a softening economy, but the Fed is likely to ignore that memo.
Read more...Russia is moving ahead with aviation import substituion. In theory, this should be within Russis’s grasp. But what about timelines and costs?
Read more...Some questions about quality of Ukraine war commentary.
Read more...Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen
Read more...Even with energy-hungry businesses shuttering or reducting operations, most EU officials don’t grasp how bad things will become.
Read more...New Prime Minister Liz Truss is aleady managing to underperform the low expectations for her.
Read more...Some possible ways to make concrete less of an environmental problem.
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