Corporatist Medicare for All?
According to polls taken in recent years (e.g., Pew Research, Gallup, Data for Progress), a solid majority of Democrats and well over a third of all Americans are in favor of replacing the cu
The Trap of Class Consciousness
We have reached a point in contemporary society at which, when confronted with a claim, our immediate response is rarely to ask whether it is true. Instead, we ask who is making the claim, what perspective informs it, and what hidden motives might underlie it. The provenance of an argument seems, in some respects, to have come to eclipse its truth; suspicion has supplanted what was once a rational and logical mode of analysis.
Freddie Mac: Multifamily Delinquency Rate Rises to Multi-Decade High
Fannie Mae and Freddie Mac (also known as “GSEs”) have released their August reports on their mortgage portfolios and mortgage delinquencies. Both Fannie and Freddie report that serious delinquencies in multifamily are rising to multiyear highs. Freddie Mac, in particular, shows delinquency rates at the highest level in more than twenty years.
President Trump Bribes the People
President Trump, speaking at the Republicans’ midterm convention, pledged that if Republicans maintained control of the Congress in the November election every adult American will receive 5,000 dollars from the government.
President Trump said that the government could afford the estimated 1.3 trillion dollars cost “because we’ve done so well and because our country is making so much money.”
“History shows financial calamities occur when rates rise rapidly like this”
During 16 instances of rapid increases in the 10-year yield since 1970, a financial crisis occurred.