Relevant and even prescient commentary on news, politics and the economy.

The Increasing Debtor Status of the U.S.

by Joseph Joyce The Increasing Debtor Status of the U.S. The Net International Investment Position (NIIP) of a country reflects the difference between foreign assets owned by domestic residents and domestic liabilities held by foreign residents. The difference, positive or negative, determines a country‚Äôs status as an international creditor or debtor. The U.S. position, which […]

Climate chaos

(Dan here…lifted from David Zetland’s One-Handed Economist newsletter are some interesting links on climate change…and we need to consider the US heat dome as well as Great Britain and European heat waves) Climate chaos (sorry for all the links, but shit’s getting out of control) Read: Researchers now estimate that humans cannot “tolerate” (=not die) wet-bulb […]