Tag: misery index

High Stakes as Uncle Sam’s Days of Impunity Are Finally Over

Ms. Cat

The edifice of American imperial power has never been challenged at its foundation. It is now.

High Stakes as Uncle Sam’s Days of Impunity Are Finally Over

Related:

No One Seems to Want to Investigate the Nord Stream Pipeline Sabotage Except Russia

Despite the UN’s apparent disinterest in pursuing a broader inquiry, Russia claimed this week that it would continue to pursue an international effort. “We will do everything in our power to continue to insist and to initiate such an international investigation,” Kremlin spokesman Dmitry Peskov told reporters during a conference call.

The scissors of slump

Ms. Cat

Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”

It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.

The scissors of slump