economics

In FY 2010-11 the share of consumer credit in total bank credit was only 19%. By FY2023-24 this increased to around 33%. Nearly half of this credit is unsecured or quasi-secured (secured against weak collateral), which makes it riskier. In the post-pandemic period, much of the growth in bank credit has in fact been driven by growth in consumer

In August 2023, the U.S. Commerce Department found that Chinese PV producers were shipping products to Cambodia, Malaysia, Thailand, and Vietnam for minor processing procedures to avoid paying U.S. antidumping tariffs. China’s PV-production capacity, already double the global demand, is expected to grow by another 50 percent in 2025. This extreme

The German “Octopus” and Processing Chokepoints

Yet geology wasn’t everything. Processing mattered too. And processing, the allied powers discovered in World War I, was disproportionately concentrated in Germany. Before the war, Germany’s geological deficits had driven its traders to scour the world for supply. They’d bought mines across the world

Wage and price rises, in brief, are usually a consequence of inflation. They can cause it only to the extent that they force an increase in the money supply.

The U.S. had operated an oil quota system since 1959 to protect domestic oil producers from cheap foreign oil. The quota system limited the amount of oil which could be imported into the U.S. to keep imports below 10-12% of total consumption. Obviously, this had the effect of keeping domestic prices above global levels, but the U.S. government

The claim that there can be no employment impact in the United States of a contraction in Chinese trade could be conceivable only if all trade settled only on a bilateral basis.

Okay then, what is religion about? A: Religion is not about beliefs. Instead, religions are strategies for the survival and reproduction of human tribes.