Analyzing Trump’s potential behavior in a debate with Kamala Harris. The smart plan or move would be to allow Trump to babble all he wants to and just remain the calm one. The adult in the room giving reasoned answers to the country’s needs. Don’t give him the room to suck one into his style of debate. Letters from an American by Prof. Heather Cox Richardson The point that is currently holding up plans for ABC’s September 10 presidential...

by Guest Economist Joseph Joyce Capital Ebbs and Flows The disruption of the global economy caused by the COVID pandemic in 2020 had begun to be overcome when the Russian invasion of Ukraine in 2022 led to new fissures. Sanctions were placed by the United States and European nations on trade and capital transactions with Russia. Before the pandemic, tariffs and other trade measures had been imposed by the  United States and China on each other,...

Repeat home sale indexes show continued deceleration in house price inflation, more comfort room for Fed to cut rates  – by New Deal democrat This morning, we got the repeat home sales price data from the FHFA and Case Shiller. And the news was good, especially in the slightly leading FHFA Index. This is of heightened importance compared with normal historical times. That’s because to reiterate, my focus is looking for any movement towards...

Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth $60): new.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against...

Economic Theories Blame Population Decline.

The belief that climate change will have a minor economic impact is dangerously naive. Imagine a house of cards. You think it’s stable. But one gust of wind, and it collapses. That’s our economy facing climate change. At 10°C warming, regions like Florida will be underwater. You might think, “That’s just Florida.” But what about the ripple effects? When a major economy like Florida sinks, it drags others down with it. We must abandon these...

Americans hate high prices, and Kamala Harris says she plans to combat them by banning price gouging in food and groceries. But, depending on what form it takes, economists could hate her plan. Vice President Harris, who will formally accept her party’s nomination at the Democratic National Convention in Chicago this week, has laid the blame for high food prices at the feet of businesses. Surveys conducted by Harvard University economist Stefanie...

Yes, it is true. That is only part of the story. There is more to it as to why the FTC is interfering. I am surprised there is not more “current” information on Cerberus and Apollo Global involvement in the Kroger-Albertsons merger. I keep reading the same blathering over and over. $25 billion at play here. And both private equity guys are out to break the bank. Kroger is already threating to go to SCOTUS because the FTC’s Lina M. Khan is...

Few issues in politics and economics are nowadays more discussed — and less understood — than public debt. Many raise their voices to urge for reducing the debt, but few explain why and in what way reducing the debt would be conducive to a better economy or a fairer society. And there are no limits to all the — especially macroeconomic — calamities and evils a large public debt is supposed to result in — unemployment, inflation, higher interest rates, lower productivity...

Markets are going to pop.