Britain’s Economy Needs a Pick-Me-Up. Is the Coronation Enough?
Dawn Anchor, who runs a pub in the village of Kings Worthy, about 60 miles southwest of London, has everything she needs: reams of red, white and blue bunting, mini…
What is Section 4 of the 14th Amendment, “The Validity of the Public Debt of the United States?” | naked capitalism
Yves here. Many economists and investors contend that the 14th Amendment prohibits the Federal Government from defaulting involuntarily. Below are some recent articles that take that view: The Constitutional Case…
Is This the Beginning of the End for Gasoline? | naked capitalism
Yves here. While this post’s conclusions look correct, it’s important to recognize that the reduction in gasoline purchases is due primarily to the fact that work at home has, for…
Respectful Persuasion Is a Relay Race, Not a Solo Sprint – 3 Keys to Putting It in Practice | naked capitalism
Yves here. I’m not sure what to make of this article. It’s not so much that it seems overtly wrong but wrong by virtue of a lot of omission, particularly…
Erdogan Makes Comeback in Turkish Polls. Opposition Sends Mixed Signals on Russia. | naked capitalism
Turkish President Recep Tayyip Erdogan, still very much alive, is making up ground quickly in the polls ahead of the May 14 elections. Back in early March, Erdogan was running…
Big Banks Must Become Globally Resolvable – or Significantly ‘Smaller’ | naked capitalism
Yves here. It is frustrating to see an article give a good statement of a problem and then not understand what a solution would entail. The authorities in the US…
Covid: The Poor People’s Pandemic | naked capitalism
Yves here. This post focuses on an important aspect of Naked Capitalism Covid coverage, that it has harmed lower income groups the most, in both health and income terms. Liz…
When a Storm Dumped Two Feet of Water on My City, I Learned Something Gratifying About My Neighbors | naked capitalism
Yves here. I’m running this story because serious flood damage is in more of our futures than we want to contemplate. Having said that, I’m not surprised a story like…
What Happens If the West Decides to Negotiate an End to the War in Ukraine and Russia Does Not (Really) Go Along? | naked capitalism
Let’s play out commonly-held views among non-mainstream, close watchers/commentators on the Ukraine conflict. Keep in mind they are increasingly confirmed by the orthodox press (see Ukraine Isn’t Ready For Its…
Chinese Companies Are Taking Advantage of United States’ Nearshoring Strategy By Setting up Shop in Mexico | naked capitalism
Although China accounts for only a small fraction of Mexico’s total Foreign Direct Investment, it has significantly expanded its portfolio in recent years and is by far the fastest growing…