Imports increasing, exports decreasing. This is not how you export yourself out of a crisis
Economics
Richard Murphy – Is the crisis happening?
I keep warning of a crisis. But the question to ask is whether there is evidence of it happening. There is. Take this chart from the FT on US oil reserves, which are falling rapidly: […]
Globalisation
The Washington Post: Short on time, Biden sought new Ukraine tank plan to break stalemate
How the US and Germany reached that tank deal. Amid growing discord, a new proposal and a week of nonstop negotiations finally resolved the dispute, as Germany relented on Leopards and the US pledged (eventually) […]
EU politics
Paul Mason: British Labour’s radical left must fight the rise of a new machine politics
If you wish to know about what is going on in the Left of the British Labour Party, this piece provides a good insight. Read here
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