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Category Archives: Economics
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 […]
The Cyberattacks Are to Force the End of Paper Money
The Cyberattacks Are to Force the End of Paper Money I find it interesting how nobody seems to distinguish between a digital currency and blockchain cryptocurrency. The former is not traceable other than that transaction. To eliminate cybercriminals, the World Economic Forum is pushing ending paper money and moving to cryptocurrencies – not digital. With […]
Two Pins Threatening Multiple Asset Bubbles
Two Pins Threatening Multiple Asset Bubbles “Powell Says Fed Policies “Absolutely” Don’t Add To Inequality” -Bloomberg May 2020 The headline above is but one of countless times Fed Chairman Powell and his colleagues confidently said their policies do not result in wealth or income inequality. Their political stature and use of complex economic lingo give […]
JBS Shutters All US Meat Plants As Cyber Attack Jeopardizes Food Supply
JBS Shutters All US Meat Plants As Cyber Attack Jeopardizes Food Supply Update (2002 ET): The USDA has released an important update about the Biden administration’s steps to mitigate potential supply constraints and price surges following JBS’ ransomware attack. As noted earlier today by the White House, USDA is aware of the ransomware attack against JBS, […]
The Fate of the Canadian Rockies May Rest on This Decision
The Fate of the Canadian Rockies May Rest on This Decision Approving the Grassy Mountain Coal Project could enable industrializing Alberta’s sensitive and vital eastern slopes. Ranching on the eastern slopes of the Canadian Rockies in southern Alberta near the proposed Grassy Mountain Coal Project. Locals told a joint panel they fear the mine will […]
Gas Is Going To $5 Per Gallon: First In California, Then Across The Country
Gas Is Going To $5 Per Gallon: First In California, Then Across The Country Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental regulations are both driving up the price of gas. Author Allysia Finley […]
Where Will The Next Deflationary Shock Come From?
Where Will The Next Deflationary Shock Come From? View as PDF “Whenever I hear numbers like this, I look back to my childhood growing up in Hungary, where…[the] value of money meant nothing. I’m very worried this is an unstoppable situation because the longer the Fed waits, the more they will have to raise rates. […]
Earth and Humanity: Myth and Reality
Earth and Humanity: Myth and Reality
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect”
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect” The majestic inflation overshoot has arrived. The Fed’s favorite inflation measure, generally the lowest inflation measure the US government provides — tracking a lot lower than even the Consumer Price Index which already understates actual inflation — and therefore our lowest […]
China Warns Global Financial Bubble Could Burst
China Warns Global Financial Bubble Could Burst Almost three months after markets stumbled when after China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets (and China’s property sector) sparking concerns about further tightening in the world’s second-biggest economy and slamming risk assets, China has done it again and on […]
Suffering a sea-change
Suffering a sea-change There is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financial assets. It would be a mistake to ignore it, ahead of the forthcoming rise in global interest rates.Price inflation is roaring, and so far, central banks are in denial. But it is […]
If It’s Profitable, Is It Really Sustainable?
If It’s Profitable, Is It Really Sustainable? That an economic activity has to be profitable is considered a truism, something taken for granted and not reflected upon. But what if the opposite is the case? When I first took up small-scale organic farming in the 1970s, I spent a lot of energy in developing new methods […]
Four Reasons Why You Should Stash the Cash!
Four Reasons Why You Should Stash the Cash! With inflation and gas and food shortages on the rise, it is an excellent idea to have some cash stashed for emergencies. I know we live in a world that believes that there is an ATM around the corner and keeping cash in your wallet or in […]
Don’t expect the world economy to resume its prior growth pattern after COVID-19
Don’t expect the world economy to resume its prior growth pattern after COVID-19 Most people seem to think that the world economy is going through a temporary disruption, caused by a novel coronavirus. As soon as COVID-19 goes away, they expect the economy will be back to normal. I think that this assessment is overly […]
