In the U.S. nearly every aspect of the medical supply chain is consolidated and fragile. And that is having deadly ramifications in the age of Covid-19… Read More How Bad Antitrust Enforcers Kill People
The next bailout will be our last… Read More Welcome to Sweatshop Amerika!
The possibility of a global pandemic will reveal our inability to make and distribute the things people need—just in time for a presidential election… Read More Covid-19 Will Mark the End of Affluence Politics
The presidential candidate is a mirror image of Trump… Read More Michael Bloomberg and the Dangers of “Any Blue Will Do” Politics
Despite all the recent scandals, the vampire squid’s dominion of global finance continues to grow… Read More Goldman Sachs’ Tentacles Are Longer Reaching Than Ever
RICO is typically used to indict mobsters – which makes its use against employees of the largest bank in America a very disquieting event… Read More Will Jamie Dimon Finally Lose His Job Over Racketeering Charges?
For oil markets, it’s the single worst sudden disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, when Saddam Hussein invaded his neighbor… Read More Oil Explodes 20% Higher, Biggest Jump On Record
President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”… Read More Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk
Trump’s Treasury Secretary simultaneously sits as head of the Financial Stability Oversight Council (F-SOC) even as he appears to be attempting to undermine financial stability in the U.S.… Read More Mnuchin’s Dangerous Plan to Deregulate Wall Street
In little more than three years, Argentine President Mauricio Macri’s government has already signed two agreements with the International Monetary Fund. And recent developments suggest that the country’s long and troubled history with the Fund may be about to repeat itself… Read More The IMF Is Fueling an Argentine Crisis – Again
Italy’s fiscal health is once again in serious decline.… Read More Big Old Problem Just Re-Erupted on Eurozone’s Southern Flank
Global conditions bear unnerving parallels with trends before the outbreak of the first and second world wars… Read More The “Disintegration” of Global Capitalism Could Unleash World War 3, Warns Top EU Economist