US SECOND QUARTER RATE OF PROFIT HOLDS UP DESPITE A RISING RATE OF INTEREST AND A FALLING RATE OF SURPLUS VALUE.

In this interesting article, albeit from a right-wing website, the US is in technical recession when using the blended GDP-GDI derived estimate. Also note that in the article this blended metric accurately predicted the 9 previous recessions it was applied to. https://mishtalk.com/economics/philadelphia-fed-gdpplus-measure-sure-looks-like-recession-started-in-2022-q4/

Finally, a number of recent articles are describing the damage being done to US Tech companies such as LAM as China embarks on an accelerated path of import substitution, making it debatable whether these companies can maintain their R&D effort given the reduction in their revenue from the loss of the Chinese market.

BRICS XV SUMMIT, MORE ABOUT PRESSURISING MULTILATERAL INSTITUTIONS THAN OPPOSING THE G7.

THE INTRODUCTION OF ELECTRIC VEHICLES, A CAR-CRASH IN THE MAKING.

Articles in the financial press covering Electric Vehicles have appeared with increasing frequency making their development worthy of discussion and criticism. This article shows how chaotic and dysfunctional their market induced birth has been.

THE DISPARITY BETWEEN THE USA AND CHINA WIDENS BUT THIS IS ONLY TEMPORARY.

NEO-LIBERALISM HAS LED TO A DYSFUNCTIONAL NEOLITHIC STATE.

UKRAINE EMBARKS ON A DIPLOMATIC OFFENSIVE AS ITS MILITARY OFFENSIVE FAILS.

PLANNED DEGROWTH, YES OR NO? A letter to Monthly Review. (https://monthlyreview.org/)

THE INTEREST RATE CONUNDRUM. The counter-vailing factors diluting its effect.

‘OPPENHEIMER’ the film. SPLITTING THE ATOM OR SPLITTING THE TRUTH?

Japanese research on this question tends to suggest that that Soviet invasion of Manchuria was the bigger shock to the Japanese military than the bomb. This being so, the question arises whether the timing of the bomb on Hiroshima was designed to pre-empt the invasion of the Red Army. Three days before the fateful August 6th bombing of Hiroshima the Red Army command had informed Stalin they were in position to invade the Japanese mainland.

EVALUATING BOTH THE US AND CHINESE ECONOMIES MID-WAY THROUGH 2023.