ER Editor: Not being an economist ourself, it’s wonderful to get one to explain things clearly. Charles Hugh Smith is particularly good at this. The phrase he uses below, ‘dependency on credit-fueled investment and consumption,’ […]
Sugar and Spice and Everything Vice: the Empire’s Sin City of London CYNTHIA CHUNG The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have […]
The Last 10 Years Have Been “An Unparalled Transfer Of Wealth To The Managerial Class” BEN HUNT Back in April, I wrote This Is Water. There are these two young fish swimming along and they happen […]
ER Editor: Paul Craig Roberts offered the following correction to his article with Michael Hudson, below: UPDATE and CORRECTION to “Is Neoliberalism Killing Russia?” I have learned from Andrei Martyanov that southfront.org’s report misinterprets the […]
Political Nightmares Multiply for Europe Ahead of Davos TOM LUONGO Europe’s dreams of integration are slipping away as the people wake up from the nightmare erected for them. As we approach Act IX of the […]
What is The Deep State? 21st Century Wire One of the ancillary benefits of Donald Trump’s insurgence into the US political scene has been a forceful injection of realism into the national political discourse. One […]
Banking crisis, private profits, socialized losses, again: the Italian chapter. GEFIRA If you ever want an example of the crisis of credibility of liberalism today, just look at the banking sector. Ever since 2007, the […]
What’s Killing the Middle Class? (Part 2) CHARLES HUGH SMITH The Powers That Be are perfectly fine with your transition to proletarian debt-serf. Yesterday (see part 1 here) we covered the usual suspects in the […]
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