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Portrayals of Degrowth in the Press: ‘Free market magic’ vs ‘Radical doomsayers’
Portrayals of Degrowth in the Press: ‘Free market magic’ vs ‘Radical doomsayers’ In October 2020, I analysed press coverage of degrowth in Western European (English language) newspapers and magazines between January 2015 and October 2020. Using media theory concepts such as agenda setting and framing, my research explored how degrowth is being considered in the […]
Saudi Arabia And Russia Warn Of Major Oil Supply Crunch
Saudi Arabia And Russia Warn Of Major Oil Supply Crunch The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report suggesting no new investment in oil and gas would be needed if the world is to reach […]
Core Consumer Prices Surge At Fastest Rate Since 1992
Core Consumer Prices Surge At Fastest Rate Since 1992 With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” […]
One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb”
One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb” As excerpted from “Inflation: The defining macro story of this decade” a must-read report written by Deutsche Bank’s global head of research, David Folkerts-Landau, co-authored by Peter Hooper and Jim Reid. Ronald Reagan (1978): “Inflation is as violent as a mugger, […]
#202. The shape of things to come
#202. The shape of things to come As, when and if the coronavirus pandemic recedes into the past, there’s a widespread assumption that we’ll see the welcome return of a ‘normality’ defined to include “growth” in the economy. The big change looking forward will, we’re assured, be the replacement of climate-harming oil, gas and coal with […]
Investments In Intangible Assets Have Minimized Inflation
Investments In Intangible Assets Have Minimized Inflation Damn near every economist and analyst seem oblivious to the point being made in this article. The Fed should be ecstatic so many people are willing to invest in intangible assets. By not buying tangible and real items they help to minimize inflation. In our bullshit world where media […]
The Abuse of Public Debt–And How It Sets the Stage For Economic Disaster
THE ABUSE OF PUBLIC DEBT—AND HOW IT SETS THE STAGE FOR ECONOMIC DISASTER The 2020–21 recession has been devastating for the global economy. It has been ninety years since the global economy last suffered through a recession of this magnitude (in the Great Depression). Nonetheless, it seems that the social effects of the current recession […]
Don’t Go Picking Up Quarters in Front of a Steamroller
Don’t Go Picking Up Quarters in Front of a Steamroller Photo by Leroy Evans How did you go bankrupt? Two ways. Gradually, then suddenly. ― Ernest Hemingway, The Sun Also Rises Winning the lottery sounds like a dream come true, until you understand most people who win end up broke a few years later. (Most don’t invest their money properly to […]
How We End Consumerism
How We End Consumerism
Is the United States on The Same Calamitous Path as Yugoslavia?
Is the United States on The Same Calamitous Path as Yugoslavia? “Tito, go and make them happy and bring order to the Balkans.” Pic from Propagandopolis Of all the inflationary disasters in modern economic history, Yugoslavia’s is the one most ignored by the mainstream. To be sure, the collapse of the Eastern European nation was a […]
Today’s Contemplation: Collapse Cometh XVIII
Today’s Contemplation: Collapse Cometh XVIII Tulum, Mexico (1986) Photo by author As per usual, my comment on an article in The Tyee that gives an interesting perspective on the idea of ‘Carbon Footprint’ and individual verses collective actions in addressing the behavioural/consumption changes necessary for effective action on climate change. * * * Great read […]
Putin Charges US With Using Dollar To Wage “Economic & Political War”
Putin Charges US With Using Dollar To Wage “Economic & Political War” Yesterday Russia announced the dramatic news at its own ‘Davos-style’ economic forum in St. Petersburg which is running this week that it will dump the US dollar from its $186 billion National Wealth Fund. As we detailed previously it comes as Washington continues to tighten the sanctions screws on Moscow, […]
World Localization Day is back!
World Localization Day is back! June 20th 2021 marks the return of the international WLD campaign, which aims to galvanize the worldwide localization movement into a force for systemic change. This movement is made up of myriad initiatives and groups on every continent working to rebuild community fabric, reduce ecological impact and increase human wellbeing, by […]
Exponentiality Leads to Finality
EXPONENTIALITY LEADS TO FINALITY As technological developments and markets go parabolic, we observe many market “experts”, even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that this will go on forever. This is the typical attitude at market and economic tops and guarantees that THIS WILL NOT END WELL! […]
ESG = Energy Stops Growing
ESG = Energy Stops Growing For most of my career, oil demand has grown each year and supply has roughly kept up. Sure, it’s overshot in both directions. We’ve seen shortages and we’ve seen gluts. We’ve even seen oil go negative. Throughout this time, we’ve always intuitively known that the cure for high prices is […]
