Who Holds All These US Treasuries? Update on the Investors in the Ballooning US National Debt in Q2
As the Fed unloads Treasuries, others are purchasing them…including foreign central banks.
Read more...Category Archives: Macroeconomic policy
The Fed’s Reactive-Looking Half-Point Rate Cut
The Fed’s half point rate reduction was unseemly large. What gives?
Read more...Why is Modern Monetary Theory So Important?
A big reason Modern Monetary Theory elicits pushback is that it threatens power relations, specifically, the perceived primacy of financiers.
Read more...The EU Retreats Further into a World of Self-Delusion
Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.
Read more...Can We Afford the Welfare State?
Unpacking why the obstacle to preserving the welfare state is not national income or demographics but rentiers increasing their take.
Read more...The Myth That the US is Rapidly Approaching Bankruptcy
Michael Hudson and Richard Wolff take apart widespread myths about Federal spending and debts.
Read more...Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...The Rate Cuts Powell Dangled in Front of Markets May Slam into Inflationary Fiscal & Economic Policies of Whoever Is in the White House Next Year
Are both parties set to continue stimulative fiscal policy, leaving Powell or a successor to reapply the monetary policy brake?
Read more...Saving in Itself Is Merely Negative
Debunking yet another appealing-sounding but elite-serving idea, here the premise that savings is always good and more is better.
Read more...US Fed-Induced World Stagnation Deepens Debt Distress
US and Fed bad cooking has led to weak growth the world, and by urging poor countries to borrow at once-low rates, debt distress.
Read more...Michael Hudson: We Need a New Political Vocabulary
Yves here. Thank the persistent and very long running campaign to move the values of the US to the right for the hollowing out of the meaning of traditional political labels that Michael Hudson describes below. It can’t be said often enough that the change in the where the center was perceived to sit was […]
Read more...Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold
Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold
Read more...After the European Elections: Fiscal Policy is the Elephant in the Room
Fiscal pressures are set to intensify battles among shifting European leadership groups as to how much to spend and on what.
Read more...The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
How the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
Read more...Michael Hudson: US Cryptocurrency as an Offshore Banking Center
Yet another cryptocurrency scheme, here for its major use case, tax evasion. But for a good cause, the US dollar!
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