It is past time for a movement in the streets to demand the continuation and in fact the expansion of the $600/week federal unemployment subsidy! The US economy in free fall, declining […]
Defend, expand $600 federal unemployment subsidy
Economic train wreck coming
A short note on the Covid-19 economy: If you think things are bad now, you ain’t seen nothing yet. While there was a slight pickup in May, which continued into June to […]
Trump headed for a crash?
What do we make of Trump’s claim that he was never briefed on the US intelligence belief that Putin’s government had placed a bounty on the heads of US soldiers in Afghanistan? […]
Coronavirus bailout, inflation and Karl Marx
I’ve been trying to think through the issue of inflation in light of the $2 trillion Coronavirus bailout and its affects on inflation. A large chunk of the bailout will be going […]
Coronavirus and the $2 trillion plus bailout
The $2 trillion bailout bill rushed through congress won’t be the last one. In fact, it wasn’t the first when we take into account the 2008 bailouts. It is different in that […]
Will the dollar collapse?
I’ve been saying that inflation was coming here for many years. That was because the dollar supply (M1 or M2) had vastly increased vs. the US GDP – in other words, more […]
A profits recession?
Here is an article about declining profits in the corporate world. It fits with how Karl Marx explained the contradictions of capitalism. (Note: These are tendencies, not something that happens absolutely in […]
Wall St. Journal admits Marx was right
It was clear from the headline alone: The Wall St. Journal was admitting that Karl Marx was right. They wrote: Investors Brace for Hit to Profits as Costs Rise Increasing wage and […]
World Economic Perspectives
Trump has been bragging about the booming US economy. But this economy does not exist in a vacuum; it’s directly related to the world economy. And in both cases, the economic expansion […]
Stock market crash: 1987, 2007 or 1937?
Here’s Michael Roberts, one of the most serious Marxist economists, on the stock market crash. He seems to think it’s a warning but does not portend an immediate crisis.