By Michael Roberts Last week’s speech by US Federal Reserve Chair, Jay Powell, was truly shocking. Powell told his audience of economists that “The scope and speed
Category: Economics Archive
By Michael Roberts I have mentioned many times on this blog that rising global debt reduces the ability of capitalist economies to avoid slumps and
By Michael Roberts Optimism reigns in global stock markets, particularly in the US. After falling around 30% when the lockdowns to contain COVID-19 virus pandemic
By Michael Roberts On Thursday night, EU leaders again failed to agree on how to provide proper fiscal support for hard-hit member states to cope
By Michael Roberts The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII.
By Michael Roberts There are now two billion people across the world living under some form of lockdown as a result of the coronavirus pandemic.
By Michael Roberts If all country pandemics were the same, then the figure in the graph (left) would show how this pandemic will come to
By Michael Roberts According to AFP estimates, some 1.7 billion people across the world are now living under some form of lockdown as a result
By Michael Roberts Forecasts of a global slump in the rest of 2020 are coming in droves from mainstream economists – it’s now the consensus
By Michael Roberts As I write, the coronavirus epidemic (not yet declared pandemic) continues to spread. Now there are more new cases outside China than
