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A crisis of affordability
A crisis of affordability Western capitalist economies don’t really do shortages. There are a few stand alone exceptions such as a music festival or a sporting event, where demand so outstrips supply that queues form. But for the most part – as we saw last week with the eye-watering rise in wholesale gas prices – […]
Evergrande Contagion Threatens to Collapse the Everything Bubble
Evergrande Contagion Threatens to Collapse the Everything Bubble Photo by Hyunwon Jang “Evergrande, a real-estate colossus in China, is collapsing. Don’t expect the collapse to be contained to China. The global macro implications are huge.” – Mike Shedlock The U.S. economy is staring down the barrel of a financial shotgun thanks to the Chinese real estate bubble that […]
The Threat Board is Looking Busy
The Threat Board is Looking Busy Markets are never as bad as you fear, but never as good as you hope. The Threat Board has seldom looked so complex: we can try to predict outcomes, but its notoriously difficult. The list of potential ignition points seems to be expanding exponentially: Energy Prices, Oil, Inflation, Stagflation, […]
What if there were no truck drivers?
What if there were no truck drivers?
If the Fed Can’t Hit It’s Inflation Target, Why Not Just Move the Goalposts?
If the Fed Can’t Hit It’s Inflation Target, Why Not Just Move the Goalposts? The Fed has an inflation problem. The CPI is running well above the mythical 2% target and there isn’t any sign that it will ease soon. To deal with this problem, the central bank should tighten its monetary policy. But that would create […]
Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas
Brian Taplin feeds the free-range Norfolk Black organic turkeys on Laverstoke Park Farm, on their final day before being killed for the Christmas Day table, in Overton, England, on Dec. 12 2006. (Matt Cardy/Getty Images) UK Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas Trees and toys also at risk, suppliers say […]
Senior Fed Economist Slams Economics As “Arrant Nonsense”, Hints It Perpetuates “Criminally Oppressive, Unjust Social Order”
Senior Fed Economist Slams Economics As “Arrant Nonsense”, Hints It Perpetuates “Criminally Oppressive, Unjust Social Order” For some “inexplicable” reason central bankers usually wait until after they part ways with their employer before they tell the world all the dirt on their former employer (not that the world seems to care much or, for the […]
The Biggest Federal Reserve Scandal
The Biggest Federal Reserve Scandal Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to the biggest Fed scandal — […]
Beware the United Nations, IMF, WHO, World Bank, and BIS
Beware the United Nations, IMF, WHO, World Bank, and BIS People must understand that just as a small business wants to expand and grow bigger, that same human tendency exists in government. No matter what form, they will always try to expand their power. The United Nations has been the greatest threat to humanity since […]
The Harsh Truth Behind Europe’s Energy Crisis
The Harsh Truth Behind Europe’s Energy Crisis Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the […]
The value of a degrowth economy: Our planet would be richer for it
The value of a degrowth economy: Our planet would be richer for it (Cartoon by Mark David | @MDavidCartoons) Decades of economic expansion have come at the expense of developing nations and a tremendous cost to the planet. Degrowth is a healthier future option, writes Erin Remblance. THE THOUGHT of a degrowth economy can be scary. We’ve all grown […]
Not Again. Costco Warns Of Toilet Paper Shortage
Not Again. Costco Warns Of Toilet Paper Shortage Costco warned customers this week about a toilet paper shortage as the wholesale retailer is having challenging time stocking shelves due to supply chain disruptions, according to Fox News. Costco told Fox News via an email statement, “Due to increased volumes, you may see a slight delay in the processing […]
Why the economy must grow
Why the economy must grow There are three main reasons why our economy grows: • because it is easier to make money in an economy that is growing • because we all, individuals, companies and governments, borrow money • because we pay interest on the money we borrow. Because it is easier to make money in a growing […]
The Tragedy of Growth
THE TRAGEDY OF GROWTH To protect wellbeing and avoid ecological disaster we must abandon GDP growth and transform our economic system Critiques of Gross Domestic Product (GDP) as a measure of economic progress are widespread. However ‘beyond GDP’ narratives often seek to complement the dominant indicator with other measures of progress, aiming for ‘inclusive’ or […]
The Record-Breaking Failures of Nuclear Power
The Record-Breaking Failures of Nuclear Power Photograph Source: Watts Bar Unit 2 nuclear power reactor – CC BY 2.0 The Tennessee Valley Authority could likely rightfully claim a place in the Guinness Book of World Records, but it’s not an achievement for which the federally-owned electric utility corporation would welcome notoriety. After taking a whopping 42 […]
