The expansion and deepening of precarious employment reflects an intensification of exploitation of workers now accelerating – in both precarious and traditional work

Is This a Greek Debt Crisis Writ Large?

Is the Trump phony trade war really about reducing the U.S. $375 billion annual trade deficit with China? Or about U.S. bankers wanting more access and ownership of operations in China?

Trump’s pursuit of his ultra right economic nationalist policies, combined with the aggressiveness of US war-defense faction, will have the long run effect of reducing US hegemony in the global economy

The US trade offensive targeting China was set in motion at least a year ago, in spring 2017. It surfaced last August 2017

What’s going on with Trump’s trade offensive? There’s a dual track policy underway: One a phony trade war with US allies; the other a potential (but not yet) trade war with China, that may also in the end prove less than a bonafide ‘trade war’ as well.”

The U.S. budget deficit consequences of the Trump tax cuts are therefore massive. Instead of averaging $150 billion a year on average (the $1.5 trillion) the effect will be three to four times that, or around $300 to $400 billion a year.

Its really all about accelerating the subsidization of corporations and capital incomes for the wealthiest 1% by means of fiscal policy now that the central bank’s 9 years of subsidization of capital incomes by monetary policy

Margin buyers will prove desperate stock sellers, driving stock prices even lower in coming weeks, entering yet another new phase

In the months ahead the Republican wing—for whom Trump has nicely delivered in the form of tax cuts in the trillions of dollars and with whom Trump is now playing ball with regard to free trade—will circle the wagons on behalf of Trump. The Republican party wing of the elite don’t want to drive Trump from the White House