The major economies are exhibiting signs of stagflation. That means interest rates could stay high, while economic growth goes missing. That is a recipe for an eventual crash in financial markets.
Month: February 2025
Where does the fightback against Trump stand today?
The actions sponsored by the left wing of the Democratic Party and the NGOs have been lethargic and unfocused. We are going to have to look elsewhere for viable resistance.
The Trump-Musk hate-filled power grab
Trump’s actions have been labeled a “coup” and a “constitutional crisis”. These descriptions are not conspiracy theories but attempts to understand events unfolding in real time. While it is unclear exactly how to label Trump’s actions, it is clear that the outcome depends on how far he is allowed to continue on this destructive path.
Behind Trump’s “Riviera of the Middle East” speech
Actual American occupation of Gaza is extraordinarily unlikely. It would clearly demand serious deployment of US troops and would destabilize the entire world situation. The real purpose of the speech was something else. It was to show the world the absolute and complete support of the US administration for the Netanyahu government and whatever actions that government takes.
Two myths about the Gaza ceasefire
There are two conspicuous myths about the Gaza ceasefire that went into effect last Sunday: that it was due to Trump’s pressure on Netanyahu, and that it was a victory achieved by Hamas.
