Michael Hudson: Trends that can't go on forever, won't: Financial bubbles, trade and exchange rates

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Trends that can't go on forever, won't: Financial bubbles, trade and exchange rates

24 pp.
3.90 EUR
(March 2009)

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Michael Hudson deals with several issues: 1. the need to restore the financial dimension to international economics, 2. how interest rates, mortgage credit and real estate bubbles determine cost disparities, 3. the rising importance of finance, insurance, real estate-sector costs, 4. how the post-Soviet property bubbles have financed their trade deficits, 5. how the USA free ride has fuelled a global financial bubble, 6. the U.S. payments deficit as the "engine of world growth" or as economic overhead, and 7. with financialising the global bubble economy.

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