By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. Financial conditions for junk-rated companies have tightened only a little since the Fed started tightening in early 2022,…
By Lambert Strether of Corrente. Patient readers, I apologize for being late; I got the bright idea of checking the masking policies of the hospitals with which HICPAC members are…
In honor of the NATO summit July 11 and 12, this is a comparison of how the Nazi leadership in World War Two and today’s collective West similarly underestimated Russia…
Conor here: The similarities between elements of the Iraq travesty and current events in Ukraine are remarkable. For instance, among all the other needless death and destruction, the war in…
The workers were furious. Believing that new mechanical looms threatened their jobs, they broke into factories, seized machinery, brought it into the street and set it afire, all with widespread…
Conor here: The following piece looks at trade, migration and investment (as well as the overall macroeconomic impacts) in the post-Brexit UK, and the conclusions are sobering. With declining living…
With the unfolding disaster for the West in Ukraine, Washington’s desperation for some sort of good news to emerge from this week’s NATO summit is growing. While Kiev has been…
Conor here: The following piece shows how the fallout from the destruction of the Kakhovka Dam will be long-lasting for agricultural operations in “Europe’s Breadbasket.” The incoming cluster bombs won’t…
Some hummingbirds are flower robbers. Here’s how to spot them Science The Simple Mistake That Almost Triggered a Recession The Atlantic. The deck: “Leading economists said we’d need higher unemployment…
Yves here. The key message of Michael Hudson’s piece is how the Fed has painted itself in a corner with its super low interest rate policy. In fact, the Bernanke…