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? […]
Trump headed for a crash?
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?
Originally posted on Michael Roberts Blog:
This week, we get the first US company reports on earnings for the second quarter of 2019. And it looks as though there will be the…
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?
Originally posted on Michael Roberts Blog:
Yesterday, the US stock market fell by the most in one day since mid-2007, just before the credit crunch, the banking crash and the start of…
The Never-Ending Race to the Bottom: Who’s Next?
Many years ago, this writer was a delegate to the Alameda County Building Trades Council for his local of the Carpenters Union. At one point the executive secretary of the council (his […]
Spain, Greece and the Race to the Bottom
An article in today’s (6/3/2015) Wall St. Journal perfectly describes what all the pressure on Greece’s Syriza-run government to further cut living standards is really all about. It focuses on what’s happening […]
