“Is All Economic Growth Good?”
It can’t be said too often: what most economists call growth is too often what we here call groaf.
Read more...Category Archives: Credit markets
Michael Hudson: Trump’s Contradiction-Riddled Strategy to Preserve US Hegemony
Trump does have a plan to shore up America”s flagging power, even if, when you put the pieces together, it does not make much sense.
Read more...Satyajit Das: Lessons from Japan’s Massive Debt Hangover
While there are things the debt-addled West can learn from Japan, the dirty secret is they were in some key ways in better shape than we are.
Read more...Tariff Turmoil and the Money Markets: Yet Another Rescue Coming
In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financiers.
Read more...Michael Hudson Discusses How Religions Opposed Usury, the Catholic Church “Interest” Rebranding, and More on the Evolution of Financial Rentierism
On the long-standing religious and ethical proscriptions against usury, and how and why the Catholic Church rebranded it as interest.
Read more...Michael Hudson: The Catholic Church, the Crusades, and the Origins of International Banking
A wide ranging talk that corrects the record about banking, such as the the Catholic Church, as opposed to Jews, being the prime mover
Read more...Martin Wolf’s “The old global economic order is dead”
A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.
Read more...Complacency, Denialism and the Risk of an Economic Trumpocalypse
Why the downside to Trump economic policies are far greater than the press and pundit class are willing to acknowledge.
Read more...Satyajit Das: The Unravelling – Part 2: Contagion & Containment
Mapping the contagion fever chart of how a Trump financial meltdown might unfold.
Read more...Global South and Multilateral Financial Institutions: Where Does BRICS Stand?
Why BRICS has gotten barely anywhere on launching its own finanicial institutions and why that is unlikely to change soon if ever.
Read more...Satyajit Das: The Unravelling – Part 1: Economic & Financial Furies
Why the Trump-induced economic and financial train wrecks will be more severe than most pundits seem to anticipate.
Read more...Before Banks: Historical Lessons for Rethinking Credit
The era before modern banking took off featured flexible, highly personal credit arrangements, in some ways better than what we have now.
Read more...Tariffs, the Dollar, and Equities: High-Frequency Evidence from the Liberation Day Announcement
Sales of US equities by foreign owners played a meaningful role in the falll of the dollar after the Trump tariff rampage began.
Read more...International Trade Suppression and the Demand for US Treasuries
On how lower foreign government appetite for Treasuries might affect the status of the dollar as reserve currency.
Read more...Trump’s Additional 50% Tariff Against China and China’s Tit for Tat Retaliation: Trump Own-Goals Himself Into Where China Would Want Him
Some further thoughts on the radical US-destructiveness of the Trump tariff regime.
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