Category Archives: Economic fundamentals

At What Level Will Saudi Arabia And Russia Stop Pushing Oil Prices Higher?

Russia and Saudi Arabia seem finally to have gotten the oil price increases they wanted. How much higher might they go?

A Sign that the West Is Having to Compete for Emerging Economy Loyalty? Long Overdue Progress on Africa-Instigated International Tax Reform

After long resistance by rich nations, African governments successfully pushed for the UN to lead on international tax cooperation.

Will It Be Socialism or Barbarism for the Twenty-First Century?

How the end of policies supporting the material well-being of workers, aka socialism, has created widespread distress and political schisms.

My Favorite Recession Indicator: The Next Recession Moves Further Out of Sight

There will be a recession, there’s always a recession eventually. But we’ll just have to keep watching for it.

Productive and Unproductive Crises

Making a case from past crises that we’ll muddle through our current set and thanks to technology, eventually come out better.

BMW: Gasoline Car Ban Poses “Imminent Risk” To European Automakers

BMW warns that the 2035 EU mandate to end sales of new fossil fuel vehicles will be a mass death event for most EU car makers

Further Thoughts on Sweden’s Pandemic Response

A Covid retrospective on Sweden indicates citizens to a large degreed ignored bad government advice.

Jobs Are Up, Wages Less So – and Lower Purchasing Power Could Still Lead the US into a Recession

Quelle surprise! Trends in wages indicate that the economy is less robust than the officialdom and financial press would have you believe.

“Core Services” Inflation Jumps to 2nd Worst Since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done

Inflation in the US is still defying the Fed, confirming that the blunt instrument of interest rate increases is not the right tool.

Indonesia’s Wait-And-See Approach Towards Joining BRICS

Indonesia serves as a reminder that the so-called “Global South” is not monolithic and that affects the prospect of joining BRICS.

US-China Decoupling: Rhetoric and Reality

An update on how the much-ballyhooed US economic divorce from China is progressing.

Imperialism: How the Struggle of Both Classes and Nations Creates Our World

How imperailasm has determined much of the structure of the international economy and that in turn affects domestic interests.

Hoisted from Comments: China’s Unsustainable, Unbalanced Growth Model and Its Current Economic Wobbles

Musings on the routes for China out of its economic problems and whether China will actually take them.

Global Fossil Fuel Subsidies Skyrocket To $7 Trillion

The IMF made a comprehensive tally of fossil fuels subsidies. Both the level and the trajectory are sobering.