Why Has the Press Ignored Retailers’ Crappy Black Fridays, as Experts Warn of Coming Bankruptcies?
The retail sector is staring to flash “Watch out below” warnings. How many store chains will be forced to retrench?
Read more...Category Archives: Macroeconomic policy
Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly
Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.
Read more...Experts on Inflation: Prognosis, Political Fallout and Who’s Really to Blame
Some non-mainstream experts discuss inflation: what is driving it, how long it might persist, and what if anything the officialdom can do.
Read more...‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills
Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.
Read more...Bob Pollin: Stop Subsidizing Wall St., Start Subsidizing Workers for High Energy Costs
Bob Pollin: High oil prices and supply chain disruption are driving inflation, not workers’ modest wage increases or government debt.
Read more...Expectations Data Indicate the US Is Entering Recession About Now
Consumers are getting so rattled that they have set off recession warning lights.
Read more...Mzukisi Qobo: The Old Mantra About Growth Has Reached Exhaustion
A perspective from the Global South on the end game for growth.
Read more...‘This Is a Battle Between What People Need & What Money Wants.’ How’s That Going to End?
Class warfare, American style, is ever more obvious. But how much are ordinary people taking note?
Read more...Why Does Congress Fight Over Childcare But Not F-35s?
Details on why Congress is addicted handing out military pork as opposed to spending money on citizens’ needs.
Read more...Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever
Repeat after me: trade deficits = exporting jobs. The latest results confirm how crappy US policies are.
Read more...Progressives Defy House Leadership on Vote on Biden $1.5 Trillion “Highway” Bill, Hold Line on Deal for $3.5 Trillion Package w/ Social Services and Climate Change Spending
The effort to get the House to rubber-stamp a $1.5 trillion Senate-dictated infrastructure bill has gone pear-shaped.
Read more...Michael Hudson on Renegade Inc.: China’s Fortune Cookie Crumbles
Michael Hudson discusses China’s campaign to limit the influence of Western investors.
Read more...The Lasting Impact of the Covid Crisis on Economic Potential
A look at how Covid has damaged the economy and estimating the effect.
Read more...Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
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