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No Trucking Way
No Trucking Way The financial economy and real economy used to live with each other happily: now they are in a long-distance relationship reliant on logistics to keep in touch. What happens when those logistics break down? (Very bad things, as I was discussing here the other day.) We have covered the ocean-carrier side of this […]
China Rations Diesel Amid Nationwide Fuel Shortages
China Rations Diesel Amid Nationwide Fuel Shortages
U.S. Dairy Cows Too Expensive to Feed, Causing Herd to Plummet
U.S. Dairy Cows Too Expensive to Feed, Causing Herd to Plummet The U.S. herd shrank by 85,000 cows between June and September The number of dairy cows in the U.S. is plunging at a pace not seen in more than a decade, signaling elevated costs for products like butter. The cost of feeding dairy cows […]
We’re Starting to Feel Like There’s Nothing Left to Lose
We’re Starting to Feel Like There’s Nothing Left to Lose Striketober is just the beginning. Adobe Stock They wouldn’t pay me. “If you forgot to clock in, then you didn’t work.” One night, I stayed late to help clean up the kitchen. We were understaffed again, as usual. The manager clocked us out 30 minutes […]
Why We Could Be Staring Down The Barrel of A Catastrophic NASDAQ Crash And Not Even Know It
Why We Could Be Staring Down The Barrel of A Catastrophic NASDAQ Crash And Not Even Know It Covid. Gamma. Options. Is it any wonder we haven’t noticed that we are teetering on the edge just yet? It would certainly take a special confluence of factors for us to be staring down the barrel of […]
‘Your grocery stores are like museums’: Then and now
‘Your grocery stores are like museums’: Then and now About 15 years ago I helped to host a group of Russian entrepreneurs during one stop on their tour of the United States, a tour sponsored by the Chamber of Commerce. As we hosts accompanied our visitors, we naturally fell into conversation with them. One of […]
Biden says he worries that cutting oil production too fast will hurt working people
Biden says he worries that cutting oil production too fast will hurt working people President Biden spent three days in Rome talking to world leaders before and during the G-20. He held a formal press conference before heading to the UN climate summit in Glasgow. Brendan Smialowski/AFP via Getty Images President Biden said on Sunday […]
Why the Troubled U.S. Empire Could Quickly Fall Apart
Why the Troubled U.S. Empire Could Quickly Fall Apart Photograph by Nathaniel St. Clair The U.S. wars lost in Iraq and Afghanistan showed imperial overreach beyond what even 20 years of war could manage. That the defeats were drawn out for so many years shows that domestic politics and the funding of the domestic military-industrial […]
Weekly Commentary: Losing Control
Weekly Commentary: Losing Control Tesla’s market capitalization surpassed $1.1 TN this week, the first junk-rated company with a trillion-dollar valuation. Now the richest individual in the world, Elon Musk’s wealth this week reached a staggering $300 billion. The S&P500, Dow, Nasdaq100, and Nasdaq Composite ended the week at all-time highs. Microsoft retook the top spot […]
Billionaire Tax Is A Ploy To Take Eyes Off Bigger Problems
Billionaire Tax Is A Ploy To Take Eyes Off Bigger Problems In sports, the term head-fake is used to describe the act of moving the head in such a way as to deceive an opponent as to one’s intended direction or move. The idea of a billionaire tax to tax the super-rich with the idea they […]
The Fed’s Inflation Is behind the Supply Chain Mess
The Fed’s Inflation Is behind the Supply Chain Mess It seems supporters of the Biden administration finally settled on a narrative they like for explaining away supply chain shortages. Here’s the administration’s talking point: the US economy is rolling along so well that Americans are demanding huge amounts of goods. That’s overwhelming the supply chain and […]
Will China Pop the Global Everything Bubble? Yes
Will China Pop the Global Everything Bubble? Yes The line of dominoes that is already toppling extends around the entire global economy and financial system. Plan accordingly. That China faces structural problems is well-recognized. The list of articles in the August issue of Foreign Affairs dedicated to China reflects this: Xi’s Gamble: the Race to Consolidate Power and […]
Intermission: The Machine Stops?
Intermission: The Machine Stops? ‘I have seen the hills of Wessex.’ “The Machine,” they exclaimed, “feeds us and clothes us and houses us; through it we speak to one another, through it we see one another, in it we have our being. The Machine is the friend of ideas and the enemy of superstition: the […]
COP-26: Stopping Climate Change and Other Illusions
COP-26: Stopping Climate Change and Other Illusions Measured atmospheric CO2 at Mauna Loa Observatory. Note: red = the monthly mean values; black = the same, after correction for the average seasonal cycle. Do not expect significant progress from COP-26 on climate change mitigation. There are fundamental barriers that prevent the deep and rapid changes that […]
