When the U.S. begins its pivot away from Ukraine, and looks fully to Europeanise the war, the political class won’t be seen ‘for the dust’. “Appetites of the autocrat cannot be appeased. They must be opposed. Autocrats only understand one word: “No.” “No.” “No.” (Applause.). “No, you will not take my country.” “No, you will […]
One month ago, when discussing the “perfect storm” hitting the US auto market, we showed that according to Fitch “More Americans Can’t Afford Their Car Payments Than During The Peak Of Financial Crisis“… … which was to be expected: after all the latest consumer credit report from the Fed revealed an exponential spike in the amount of […]
George Washington University (where I teach) this week became one of the last major universities to drop its mask mandate. Many students had long declined to follow the mandate, but the decision was met with relief by many at the school. Yet, some are vivid about the lifting of such mandates in various schools. One […]
The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think. […]
The US/NATO war against Russia via proxy Ukraine is one of the most ridiculous, unnecessary, contrived wars ever devised. It was initiated and engineered by the United States with two main objectives: 1) to weaken and destroy Russia, and 2) to make America’s European “allies” (vassal states) more dependent economically on the USA. This situation […]
The decay in quality reveals that the collapse of the neoliberal-hyper-financialization-hyper-globalization model has already occurred. I’ve often addressed the dismaying decline of quality over the past 30 years, for example, The “Crapification” of the U.S. Economy Is Now Complete (February 9, 2022). I have attributed this to: 1) hyper-globalization, which pushes manufacturers to buy the cheapest components […]
A few days ago, the UN Security Council held hearings on the accusations by Seymour Hersh that the Biden Administration had illegally destroyed Europe’s $30 billion Nord Stream pipelines. Hersh is one of America’s most renowned journalists and the previous week he had revealed the exact details of the attack, an obvious act of war against Germany, […]
Ukraine receives the most military aid from the United States: Since the beginning of the war and as of Jan. 15, 2023, $46.6 billion in financial aid for military purposes has flowed to the country now at war with Russia. When calculating the average annual costs (in 2022 prices) of previous wars in which the United States has […]