Authored by Michael Hudson via NakedCapitalism.com Originally published in the Investigaci?n Econ?mica (Economic Research), produced by UNAM (Autonomous National University of Mexico) Abstract Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production […]
BlackRock’s Larry Fink isn’t the only CEO no longer using the now-controversial acronym ESG. ESG — which stands for a focus on environmental, social, and corporate governance principles — was mentioned by just 74 S&P 500 […]
President Biden – while in South Carolina Thursday to make the argument that his economics measures rammed through Congress with little Republican support benefits red states – admitted that China is “dominating raw material production,” […]
Ahead of tomorrow’s nonfarm payrolls report, labor market proxies have been mixed in June: as Newsquawk notes, initial jobless claims spiked in the comparable survey week, with the four-week moving average higher heading into the […]
Authored by J.W. Verret via CoinTelegraph.com, Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett are among a group on the Supreme Court who may not smile upon the SEC’s interpretation of the law… When […]
For those fascinated by the narrative that AI will cause a margin-busting corporate revolution as millions of mid-level employees are replaced by a cheap “bullshitting” AI algo, then today’s latest JOLTS report will come as […]
Oil prices are down this morning after the ‘good news is bad news’ data from the US offsetts additional production-cut announcements this week from OPEC-plus members Saudi Arabia and Russia. Crude remains about 10% lower […]
ExxonMobil (NYSE: XOM) expects to book sharply lower second-quarter earnings compared to the same period last year and to the first quarter, due to low natural gas prices and lower refining margins. For the first […]
Since the last FOMC meeting on June 14th – when The Fed ‘paused’ its hiking cycle (but pressed its view, via The Dots, that the cycle has at least 2 more hikes in it) – […]
Global markets have kicked off the new quarter with solid gains from Asia to Europe (as previewed last week in “The Technical Overhang Is Done, July Starts With A Bullish Eruption“) while US equity futures […]
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