Breakups are tough.

India aims to consolidate its emerging leadership in the Global South, which explains the priority focus that’s now being given to internationalizing the rupee. Upon making significant progress on this, it’ll then be able to function as an independent pole of economic influence across Afro-Eurasia, taking full advantage of its geostrategic location to accelerate South-South integration processes.De-dollarization is the top financial trend of this decade, but it concerns much more than just...

Gives new meaning to the term, "welfare state."Zero HedgeNATO Chief Wants Allies to Pledge Half-Billion Yearly To UkraineTyler Durden

Non-MMT and pro-Russia but the analysis contains a lot of numbers and other information that sets the record straight about comparing economies. Although it doesn't mention it, the CIA regards PPP as a more accurate measure than NGDP in assessing national capability as a measure of power.Simplicius, The Thinker used to publish sitreps on the conflict in Ukraine at The Saker as Nightvision. The Saker blog is no longer operational. Now he publishes at Substack. Simplicius, The ThinkerThe Truth...

Assistant Secretary of Defense John Plumb knew better when characterizing Russia-China reactor cooperation as a nuclear weapon threat...What's up then? Demonizing Russia and China? Probably, but there is more to milk from the story.The disinformation about China’s fast breeders offered by the Pentagon and others misses the key point: China and Russia are poised to dominate the world’s entire nuclear power sector, while the US and other Western countries have for decades been downsizing and...

Both manufacturing and construction continue to contract  – by New Deal democrat As usual, we start the month with data on last month’s manufacturing activity, and the previous month’s construction activity. This month, both were negative. The ISM manufacturing index, which has had an excellent record as a leading indicator for the past 75 years, declined to 46.3, its lowest level since the pandemic recovery began. The new orders index,...

from Dean Baker There is a standard tale of politics where conservatives want to leave things to the market, whereas the left want a big role for government. The right likes to tell this story because it advantages them politically, since most people tend to have a positive view of the market. The left likes to tell it because they are not very good at politics and have an aversion to serious thinking. The Silicon Valley Bank (SVB) bailout is yet another great example of how the right is...

 The Collapse of Antiquity is Michael Hudson's new book.Video and transcript.Naked CapitalismDanny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,