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In response to a question on how the sanctions environment would affect the energy market, bin Salman told an industry conference in Riyadh: "All of those so-called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, a lack of energy supplies of all kinds when they are most needed".ReutersSaudi minister warns sanctions, underinvestment may cause energy shortagesRelatedEurope was forced to abandon [cheap] long-term contracts and make the...

Forecasting recession for the end of year unless construction data reverses. Single variable thinking based on one key factor only, or is he onto something?MacrocosmForecasting a recession with construction dataPhilip PilkingtonSee alsoAmid labor-supply constraints and economic shocks, the case for productivity-boosting interventions is clear. Unless US policymakers use a combination of investment and incentives to reverse negative productivity trends, the US will achieve modest growth, at...

Video and transcript. The video is from  4 days ago. The transcript takes a couple of days to prepare.Naked CapitalismThe Economics of the Ukraine Proxy War with Michael Hudson and Radhika DesaiDanny Haiphong at the Left Lens channel interviews Michael Hudson and Radhika Desai

from Lars Syll The mainstream textbook concept of money multiplier assumes that banks automatically expand the credit money supply to a multiple of their aggregate reserves.  If the required currency-deposit reserve ratio is 5%, the money supply should be about twenty times larger than the aggregate reserves of banks.  In this way, the money multiplier concept assumes that the central bank controls the money supply by setting the required reserve ratio. In his Macroeconomics — just to...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached?Just before Christmas, Prime Minister Sunak told us“I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..”On 1st February, Mr Sunak’s Official Spokesman said“We want to have further...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached? Just before Christmas, Prime Minister Sunak told us “I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..” On 1st February, Mr Sunak’s Official Spokesman said “We want to have...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached?Just before Christmas, Prime Minister Sunak told us“I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..”On 1st February, Mr Sunak’s Official Spokesman said“We want to have further...