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Category Archives: Economics
Our rapid ascent in energy and resource use has distorted our view of “normal”
Our rapid ascent in energy and resource use has distorted our view of “normal” The new reality warns we are on a collision course with Earth’s finite limits —– Tom Murphy “The delirious ascent in energy and resource use witnessed over the past few centuries has been accomplished via the rapid, accelerating expenditure of a one-time […]
Supply v Demand – Does It Always Work?
Supply v Demand – Does It Always Work? QUESTION: Mr. Armstrong, You say that wheat fell during the Great Depression during the Dust Bowl when supply would have declined. This makes no sense. Would you address that question? KL ANSWER: Your problem is typical in analysis. It appears that 99% of the people always try to reduce […]
Dangers Of Programmable Money Explained
Dangers Of Programmable Money Explained Dominic Frisby with Money, Markets & Other Matters talks about the war on cash and central bank digital currency, known as CBDC. He questions if CBDCs are “the final step into the brave new world – Orwellian great reset dystopia – we seem to be heading towards” or are they “the onramp to the Bitcoin […]
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse A bank’s prime brokerage unit is supposed to be a safe, reliable and predictable generator of revenue, resulting from modest-margin transactions with a bank’s hedge fund client base. It’s safe because the bank’s risk managers scour the bank’s exposure to various […]
Investors Do Not See “Transitory” Inflation
Investors Do Not See “Transitory” Inflation The Federal Reserve and European Central Bank repeat that the recent inflationary spike is “transitory”. The problem is that investors do not buy it. Inflation is always a monetary phenomenon, and this time is not different. What central banks call transitory effects, and the impact of supply chains are not the real drivers […]
New Booklet on False Solutions to Climate Change
New Booklet on False Solutions to Climate Change Starting last summer, people from several organizations have been working to update a booklet on false solutions to climate change (I was involved with this effort for awhile and wrote the first draft of a couple of the sections). Now Hoodwinked in the Hothouse: Resisting False Solutions to […]
The anti-colonial politics of degrowth
The anti-colonial politics of degrowth As degrowth ideas speed their way into social movements and academic research, they have encountered some interesting critiques. In a recent contribution to this Virtual Forum, Huber (2021) dismissed degrowth as a preoccupation of middle-class environmentalists in the global North who feel “anxiety” about excess consumption. Such a movement, he argues, can […]
BofA: “Transitory Hyperinflation Ahead”
BofA: “Transitory Hyperinflation Ahead” Last week, when discussing the latest earnings call commentary, Bank of America said “Buckle up! Inflation is here”, and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA […]
Would the Last Market Bull With the Last Dollar Please Turn Off the Music?
Would the Last Market Bull With the Last Dollar Please Turn Off the Music? Photo by Pablo Heimplatz on Unsplash Reality always wins in the end. It doesn’t matter if you’re excited about the economy or its outlook. Unless some economic scam is being perpetuated (unlikely), fundamentals always play a factor, and guide the U.S. economy through peaks and […]
Trade Deficit Again Growing, Now It’s Bigger Than Ever
Trade Deficit Again Growing, Now It’s Bigger Than Ever The trade deficit with China continues to weaken America and strengthen our rival. For all the ruckus it created, the trade war failed to bring down the trade deficit. Even while unusual circumstances continue to cloud the picture it appears that America’s trade picture is in […]
How Costco Is Masking A 14% Price Jump With Shrinkflation
How Costco Is Masking A 14% Price Jump With Shrinkflation The oldest trick in the retailer book is back. We have previously written about shrinkflation – the “creative” masking of higher prices whereby retailers sell a materially lower amount of products for the ‘same’ price, covering up what is often a significant price increase on […]
The Everything Bubble and What it Means for Your Money
The Everything Bubble and What it Means for Your Money In the aftermath of the Black Plague which swept across Europe between 1347 and 1353, wiping out between 30 and 60% of the population, the European economy changed dramatically. Source: Jeremy Norman – HistoryofInformation.com The Black Plague had a lasting socioeconomic impact; for example, towns […]
Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories
Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories Even the Fed’s repressed inflation measure without food and energy rose 2.3% annual rate in Q1. The US economy, as measured by inflation-adjusted GDP, grew by 1.6% in the first quarter from Q4 2020, according […]
Today’s Contemplation: Collapse Cometh X
Today’s Contemplation: Collapse Cometh X Monte Alban, Mexico (1988) Photo by author Circumstances have kept me sidetracked from writing for a few months. As life has settled a bit, although the spring weather keeps me busy working in the food garden, I felt it time to post again. Here is a comment I wrote this […]
The Grocery Price Shock Is Coming to a Store Near You
The Grocery Price Shock Is Coming to a Store Near You (Bloomberg) — Corn, wheat, soybeans, vegetable oils: A small handful of commodities form the backbone of much of the world’s diet and they’re dramatically more expensive, flashing alarm signals for global shopping budgets. This week, the Bloomberg Agriculture Spot Index — which tracks key farm products […]
