Perhaps worth reposting what I said about Russiagate, now that the Mueller Report led to no additional indictments and validated the No Collusion slogan we're going to hear for the next year and a half. Just a brief note on the whole firing of Comey scandal that is still unfolding, and the incredible degree of anxiety on the left, which somehow thinks this means that there is a 'pee' tape and that Trump will be eventually impeached (here, for example; too many of these). This is at least...
Read More »Kapernick
It was September 2017, and bad boy Trump spouts off; “Wouldn’t you love to see one of these NFL owners, when somebody disrespects our flag, to say, ‘Get that son of a bitch off the field right now, out,’” He’s fired. He’s fired!’” The crowd of supporters erupted in cheers. With just a few words and by the close of that weekend, Trump had managed to get hundreds of NFL players taking a knee like Kaepernick or staying in the locker room during the playing...
Read More »Trump to Saudi King: “You wouldn’t last 2 weeks without us.” Expect lower oil prices.
Trump tells the Saudi King he wouldn't last 2 weeks without US protection. Then he rants about oil prices being too high.Expect lower oil prices.Remember when Obama bowed?
Read More »Why Manufacturing Still Matters
I've been reading in the spare time (not as much as I would like, and worse with the World Cup) Louis Uchitelle's Making It: Why Manufacturing Still Matters. I tend to agree with the general idea of the book and with many of the policy conclusions, even though I have some problems with minor points (for another post). As a result of this I went to check manufacturing output. There are many different statistics to check in the FRED database. Below a measure of industrial output. And yes, it...
Read More »I simply cannot tell who is stupider anymore, Trump or Putin.
This just in. Read.Putin talks about a big new fiscal expansion, which will be "paid for" with spending cuts and new taxes even though he has unlimited spending power in ruble.And we now find out Russia's been stupidly buying gold for years. Why??This is a total waste of financial and real resources and an even stupider subsidy to the mining industry.Then there's this...Russia's empty threats about retaliation against U.S. strikes on Syria. "We'll shoot down the missiles and target launch...
Read More »Ho Hum – More Trade Threats
Ho Hum - More Trade Threats | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per...
Read More »Ho Hum – More Trade Threats
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Read More »High Cost Economy
High Cost Economy | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per minute...
Read More »High Cost Economy
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Read More »The Imperial President defends Wall St’s rent-seeking turf
Trump’s Tariff Travesty Will Not Re-Industrialize the US, TRNN, March 15, 2018 [embedded content] SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Organization for Economic Cooperation and Development, or known as the OECD, predicted on Tuesday that Trump’s tariffs on aluminum and steel imports could initiate a wave of protectionism and slow global economic growth. The tariffs have already spurred various countries to announce...
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