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(1 comments) SHARE Monday, May 2, 2022 The shortest, unexplained recession
From February 11th, 2020, the stock market in the United States registered a 34% fall in the following three weeks. The GDP tumbled by a startling 34%, and within two months - from March 14 to May 9, 2020 - 31 million people were unemployed, nearly 15% of the labor force. What caused such an unexpected mayhem?
SHARE Friday, October 22, 2021 America's Bluff Policy
The United States caught between a rock and a hard place - the rock being World War III, the hard place the slow death of the Empire - is resorting to bluff hoping to win the pot.
(1 comments) SHARE Wednesday, September 15, 2021 Descent in hell
In isolation, the humiliating retreat from Afghanistan may be viewed as an unfortunate incident major powers such as the United States encounter in their history.
(2 comments) SHARE Sunday, August 1, 2021 Trees don't rise to the sky, nor stock markets
In 2000, Yale economic professor and Nobel Laureate Robert J. Shiller published a book entitled "Irrational Exuberance" in which he explained that, contrary to a widely-held belief, markets are not necessarily rational.
(3 comments) SHARE Monday, June 8, 2020 Rescuing Wall Street while fouling Main Street
Let's hand it to the Trump crowd: the operation was beautifully choregraphed and flawlessly executed. In ten days, Republican Senators managed to have Congress approve the "largest economic relief bill in U.S. history": $2.2 trillion
(1 comments) SHARE Wednesday, March 18, 2020 Origin of Covid-19
Many articles have been written on COVID-19, and no doubt there will be many more. From the standpoint of the origin of the virus, the two most interesting ones might be the two interviews Professor Francis A. Boyle gave recently.
SHARE Tuesday, December 31, 2019 Death of an empire
U.S. mainstream media focuses on domestic issues while ignoring international events. They write about Pelosi's decision to withhold the articles of impeachment, the democratic candidates to the 2020 presidential election, and Wall Street's bonuses but say little, if anything, about worrisome foreign events.
SHARE Friday, October 18, 2019 The mid-September liquidity crisis
On September 17, the repo rate more than doubled from the previous day, jumping from 2.42% to 5.25%. How could there be a liquidity crisis when banks have $1.305 billion of excess reserves?
(2 comments) SHARE Monday, September 2, 2019 Nuclear war self-evident truths
There are self-evident truths in foreign relations: a) wars are a recurring occurrence, b) no weapon, no matter how lethal for the civil population, has ever been disregarded for use in a war situation
(3 comments) SHARE Sunday, August 4, 2019 Nature of Democracy and the Ruling Class
The Greeks tried democracy over two thousand years ago with some limited success. Enlightened by the Enlightenment Age, we emulate our forebearers, convinced that we got it right this time.
SHARE Monday, July 1, 2019 Christine Lagarde sounds like a broken record.
Christine Lagarde concludes her June 27 speech at the Osaka G-20 meeting with these words: "...while the global economy is currently at a precarious stage, with the right policies and working together, we can overcome the challenges that we face and set the world on a path of stronger, more sustainable, balanced, and inclusive growth."
SHARE Monday, May 6, 2019 What kind of country is this?
What country grants itself the right to starve the populations of Iran and Venezuela in the name of the right of people to self-determination?
SHARE Monday, April 29, 2019 Playing poker in the Middle East
It is said that former real estate mogul, Donald Trump, would always negotiate with a strong hand to force the opposite party to accept his terms. In a poker game, you may win with a weak hand if you manage to convince the other players that you have a strong hand.
SHARE Saturday, March 16, 2019 Plus ca change plus c'est la meme chose
Senators are congratulating themselves over a resolution mandating President Trump to stop US support to Saudi Arabia's war in Yemen. Senator Rand Paul sees it as a "great opportunity" for Congress to take back its war powers.
(1 comments) SHARE Friday, March 8, 2019 The United States is bankrupt
The United States' net international investment position has been growing from minus $34 billion in 1979 to minus 7,725 billion (40% of GDP) in 2017. Does it matter? Does it threaten the dollar supremacy?
SHARE Friday, December 28, 2018 Syria: two wrongs do not make a right
Few people approved Donald Trump's decision to repatriate troops from Syria. Many more disagree. From the neoconservatives' point of view, the withdrawal does not make sense.Unfortunately, removing American troops from Syria without preparation or forewarning is equally senseless. Two wrongs do not make a right.
(2 comments) SHARE Monday, September 10, 2018 The New Evil Empire
This is how Ronald Reagan famously qualified the Soviet Union. The Soviet Union is no more. But, there is a new Evil Empire: the United States.