The US housing market still appears in tatters , which is showing up on the books of more federal agencies that have stepped in to back it and may end up needing bailouts. The US has already poured billions of dollars into Fannie Mae and Freddie Mac since taking them over in 2008, and the [...]

Another day, another eurozone headlines…amidst good signs and bad signs, the headlines may change but the economic picture remains the same. And what becomes of Europe’s closest economic partner, the US, with financial problems of its own? President Obama is making deals with Asian countries at a summit in Hawaii. Does that say it all? [...]

Prof. Michael Hudson gives an eight part series on the global economic crisis. Views you will not get in the mainstream.