Watch the video on the Democracy Now site Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europe to the United States. China’s stock indices fell over 8 percent on Monday and another 7 percent today. On Wall Street, the Dow Jones Industrial... Read More
More at The Real News JESSICA DESVARIEUX, TRNN PRODUCER: It’s been about four years since the financial crash, and the Federal Reserve has been scaling back its program of monthly purchases of government and mortgage bonds. Each month, they’ve tapered off their purchases by $10 billion, and they’re on track for spending $45 billion this... Read More
More at The Real News Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. Michael is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond and... Read More
I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy ‘Help to Buy’ – a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax dodging... Read More
More at The Real News Student debt is the new growth zone for banking revenues. With no student bankruptcy permitted, this is akin to a low risk revenue stream for the financial industry, now second in size to mortgage debt. Solution to Student Debt is to Get the Banks Out of the Education Business Michael... Read More
More at The Real News PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. Ben Bernanke, the head of the Federal Reserve, announced a few days ago QE3, quantitative easing three, and now he says they’re going to continue to buy assets, multibillion dollars of purchases, until the... Read More
Michael Hudson’s presentation for the session “The Challenge of DeLeveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin. April 13, 2012.
Michael Hudson features in this 40 min documentary on the role property speculation and public finance had on this Great Recession. What role does economics itself have to blame for policy failure? More details Real Estate 4 Ransom from Real Estate 4 Ransom on Vimeo.
Hudson on the plan for the 1% to monopolise Main Street through concentration of ownership AKA asset grabs. 73,000 views in 2 days. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Washington. Concentration of ownership leads to concentration of political power. It’s rather obvious. It’s practically a... Read More
More at The Real News Michael discusses the growing Occupy Wall St movement and the opportunities for banking reform. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Washington. And in Washington, Occupy Washington has started. Occupy New York continues. And occupy many cities across the United States... Read More
frameborder=”0″ allowfullscreen> Democracy Now, August 2, 2011 After Months of Partisan Wrangling, Wall Street & Pentagon Emerge Victorious on Debt Deal AMY GOODMAN: After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final... Read More
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).
ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.
Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.