The latest news from Russia is that Vladimir Putin has ordered "partial mobilization, " meaning that any Russian adult can be called upon to enlist in the army to serve the nation in its wartime efforts. While this falls short of conscription, this latest move goes far beyond what Putin has been doing. The announcement … Continue reading Putin Orders Partial Mobilization, Biden Vows To Defend Taiwan As Xi Flexes His Muscles! Are We Headed To A “Nuclear Winter”?
Is the US Economy in a recession? Depends on whom you talk to. While there have been two-quarters of contraction in economic activity, the Biden Admin is loath to call it a recession, fearing it might hurt the Democrats in the looming Midterms in November. On the other hand, in a "surprise" of sorts, the … Continue reading A Recession By Any Other Name Is Still A Recession! Here’s Why The Global Economy Is Entering A Downturn
Xi's Loss Can Be Modi's Gain India is the "flavour of the month". With world leaders wooing Modi and targeting Xi, it sure looks like "our moment under the Sun" has come. The reasons for this newfound "love" for India are many. They include a West that is both weary and wary of China's rise, … Continue reading As The West Targets Xi, And Woos Modi, China’s Loss Should Become India’s Gain!
Another recession is on the horizon. What's new, one might say, especially when booms and busts are regarded as capitalism's "natural" trend cycles, which keep repeating. For the last five decades, "everyone and their dog" have put their faith and money in the neoliberal way of ordering economies and societies. So, it is not fair … Continue reading Another Recession Looms! Yawn! Deja Vu! And Why It Would NOT Be “Different” This Time
Is the Global Economy "resilient" enough to withstand another 2008-like Lehmann Shock? For those of you who are too young to remember, I am talking about the bankruptcy of the American Investment Bank, Lehman Brothers, on September 15, 2008, which "triggered" the Great Recession and almost "took down" the Global Financial System. For those old … Continue reading Is The Global Economy Resilient Enough To Withstand Another 2008 Like Lehman Shock To The System?
Is Vladimir Putin going for broke? The breaking news out of Russia is that its gas monopoly, Gazprom, is "cutting" natural gas supplies to Europe to a fifth of what it normally supplies to the continent. While the ostensible reasons being cited are turbine maintenance and the non-arrival of them after repairs from Canada, which … Continue reading Is Putin Going For Broke? Using Gas And Grains As Weapons, Russia Raises The Stakes In The War With The West
Ok! Donald Trump said it first! The Global Economy is headed into a New Great Depression! At a rally in Arizona last night, Trump "predicted" that the US Economy is approaching levels of distress not seen since the 1930s when the Great Depression eviscerated the nation. While I do not intend to debate the merits … Continue reading Ok! Donald Trump Said It First! A Moron’s Guide To The Looming Depression Ahead For The Global Economy.