Dr. Steve Keen
Economist (heterodox macro); active posts on government finance, debt dynamics, macro modeling, and U.S. outlook.
Trump’s Iran War Sparks Oil Crisis and Recession
3 months. 2 wars. 1 recession incoming. Trump promised to be the peace president. Then he started a war on Iran with no imminent threat. Now the Strait of Hormuz is a live war zone, oil prices are rising, and the working class is paying the bill. I am going live in an hour to break it all down here: https://youtu.be/2hrRnQeEEB8?si=h3wEYBEX4Tdp4v5k TrumpWar #IranWar #EconomicCollapse #DollarDominance #PostKeynesian
One-Third of Oil Supply at Risk Drives $150 Forecast
Oil could hit $150 a barrel. Not because of speculation. Because one-third of the world's oil supply is now at risk, and there is no substitute for oil in global production. None. Here is what mainstream economists are missing:
Iran Crisis Pushes Oil to $150, Hurting Voters
Oil is heading to $150 a barrel. And the people who will feel it hardest are the ones who voted for the man who caused it. I sat down to break down exactly what the Iran crisis means for oil markets,...
Warflation: Unnamed Economic Threat Looms Ahead
The word warflation does not appear in any economics textbook. But it is the most accurate word for what is coming.
US Iran Ops Reveal Global Economy’s Fragile Bottlenecks
3 terrifying reasons the US military operations in Iran expose the fragility of global economics. Mainstream theory assumes a world of abundance and perfect competition. The reality is that our global supply chains rely on massive physical bottlenecks. From the single...
Recurring Collapse Patterns Reveal True Market Drivers
3 patterns that repeat every single time a growth stock collapses, and Tesla, Bitcoin and Palantir are all showing them right now. The Efficient Markets Hypothesis tells you the market gets the pricing right. I have spent decades showing why that...
Mainstream Economists Overlook Private Debt, Miss Recession
1/8 I predicted the Great Recession 3 years before it happened. It might sound ridiculous, but mainstream economists have convinced themselves that private debt does not matter. They only monitor government debt. EconomicTheory
Musk's AI Debt Plan: Flawed Promise, Real Risks
Elon Musk and the AI Solution to U.S. Debt: A Critical Analysis Link to the complete analysis - https://youtu.be/zxkw2w4-WpQ?si=iZFhj_AoZ_c3m3te
AI Not Needed to Prevent US Bankruptcy, Model Shows
Early invite to my network, as I am going live in an hour to debunk what Elon Musk says: The U.S. is 1000% heading for bankruptcy without AI. I ran the model. Then I ran it again with correct accounting. The doom loop...
Economists Hide Real Risks of U.S. Bond Dumping
Everyone's worried about foreign countries dumping U.S. bonds, but here's what mainstream economists won't tell you about government finances. The link to the complete presentation is in the comments.
Debt Wall Myth: Accounting Shows Different Reality
The $10 trillion U.S. debt wall has become a political weapon. But the accounting tells a different story than what you'll read in mainstream economics textbooks.
90% of Govt Money Creation Neutralized by Bond Sales
I've been teaching this for decades, and now the data proves it: 90% of government money creation between 2000 and 2024 was cancelled out by secondary bond sales. The system we have actively destroys the money governments create. EconomicReform
