Savings Versus “Pool of Real Savings”: Clarification

There is so much confusion about economic statistics and basic definition of terms such as 'savings.'  I wrote a lengthy reply to a commentator on my latest article at Russia Insider that I thought should help clarify some of the terminology I use and why I hate GDP as a statistic. I'm not talking about … Continue reading Savings Versus “Pool of Real Savings”: Clarification

Kim Backs Down, Afghan War in Doubt

Last week I floated the idea that Trump's belligerence towards North Korea may be a pressure ploy to see who blinks first and define the limits of China and Russia's support for the Nuclear weapons programs there and in Iran. Trump has been steadily applying pressure on China and North Korea since he took office.  … Continue reading Kim Backs Down, Afghan War in Doubt

Was that Trump in Poland or Bush the Lesser?

And Trump now has the temerity to dress Russia down for standing in the way of this progress that heretofore he was a critic of? As Putin rightly points out in his interview with Oliver Stone, U.S. Presidential candidates say a lot of things on the campaign trail, but the reality of the bureaucracy (and … Continue reading Was that Trump in Poland or Bush the Lesser?

Macron Is Doing Merkel’s Dirty Work With Russia Over Syria

French President Emmanuel Macron’s statement yesterday changes the game in Syria. Until yesterday France had been the most vocal supporter of U.S. regime change policy in Syria. Now it is its most pragmatic critic. This signifies a multitude of changes geopolitically. First, it dovetails with German Chancellor Angela Merkel’s statement that the EU should no longer … Continue reading Macron Is Doing Merkel’s Dirty Work With Russia Over Syria