Oh Sh*t... This Just Happened

Two of the oldest political parties are in danger of being completely wiped out in the UK. Rate of change in the economy goes down, rate of change in politics goes way up. Both the Labor and Tories are on the ropes right now, especially labor after the latest local election resul ...  Show more

The stock market was going to boom either way. Payrolls could have been plus 200 or minus 200, indexes were going to soar no matter what. Either the economy is robust or the other would mean the Fed will be forced to cut a lot of rates. But what the jobs data actually showed, no ...  Show more

Back in the 1970’s there was a very popular graphic of a Lincoln US one cent coin. The original coin on the back has the words engraved “In God we Trust”. The coin had been altered to say, in Oil we trust. 

At the time, that meme rang true as people were lining up at gas ...

The stock market crashed on August 5, in a new "Black Monday". What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese eco ...  Show more

The market sinking after the Federal Reserve raised interest rates by 75 basis points and forecast more hikes in the future to fight inflation. Former National Economic Council Dirctor Gary Cohn weighs in on whether a recession is now more likely than a soft landing. Jefferies Ch ...  Show more

The Norwegian central bank raised the interest rates by 50bp yesterday and said that there will be a similar move in September, to tackle the soaring inflation in Norway. The Philippines hiked by 50bp as well, to cool inflation. The Federal Reserve (Fed) minutes released this Wed ...  Show more