by Hypothetical, but worth considering the numbers.The conditions are in place for a credit crunch owing to corporate debt if things don't turn around and governments don't step in. The situation is tenuous, and the US government is looking like it is turning back toward debt and deficit phobia based on Biden's economic team and the traditional GOP fiscal conservatism in Democratic administrations, which will be a factor unless Democrats take the US Senate. Michael Roberts Blog — blogging from a marxist economistA credit crash ahead?Michael Roberts
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
John Quiggin writes The edge of extinction
Lars Pålsson Syll writes The psychopathy of Ayn Rand
NewDealdemocrat writes May CPI continued to be all about shelter
Merijn T. Knibbe writes Deaths of infants and young children in Gaza. A fact-based estimate.
Hypothetical, but worth considering the numbers.
The conditions are in place for a credit crunch owing to corporate debt if things don't turn around and governments don't step in. The situation is tenuous, and the US government is looking like it is turning back toward debt and deficit phobia based on Biden's economic team and the traditional GOP fiscal conservatism in Democratic administrations, which will be a factor unless Democrats take the US Senate.
Michael Roberts Blog — blogging from a marxist economist
A credit crash ahead?
Michael Roberts