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The priest, the engineer and the economist
The priest, the engineer and the economist I was exchanging economist jokes over the holiday and heard this one that seemed apropos both to our resource predicament and the seeming abundance of the holiday season: A priest, an engineer and an economist were stranded together on a desert island. Given their location, fish seemed to […]
THE WOLF STREET REPORT: American Debt Slaves in the Weirdest Economy Ever
THE WOLF STREET REPORT: American Debt Slaves in the Weirdest Economy Ever During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? (You can also download THE WOLF STREET REPORT wherever you get your podcasts).
Inflation Expectations Solidly On The Rise
Inflation Expectations Solidly On The Rise Expectations Can Drive Inflation Inflation expectations appear to be solidly on the rise and that spells big problems for the financial system. For years the central banks across the world have claimed deflation has driven or allowed their QE policies to remain. This is central to their ability to […]
The Transition to a Sustainable Prosperity—A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada
The Transition to a Sustainable Prosperity—A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada Sunset over Lake Ontario (CC.0) Lucas George Wendt / Unsplash Summary This paper presents a stock-flow consistent (SFC) macroeconomic simulation model for Canada. We use the model to generate three very different stories about the future of the Canadian economy, covering the half […]
The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St.
The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop […]
What To Do When The Planets Diverge
What To Do When The Planets Diverge Planets Jupiter and Saturn came into closer alignment than any time since 1226 this week. Yet the planets in Washington did not align. The federal government was unable to ‘Christmas tree’ its stimulus bill. At the 11th hour, President Trump called bull pucky on the contents of Congresses […]
Is Society Collapsing?
Is Society Collapsing? Abandoned passenger train car, Astoria, Oregon. Photo: Jeffrey St. Clair. Twenty-five years ago, when the high-tech Second Industrial Revolution had just begun, I made a bet with an editor from Wired magazine that global society led by the United States would collapse in the year 2020 from a confluence of causes created by modern […]
Weekly Commentary: Just the Facts – 12/25/2020
Weekly Commentary: Just the Facts – 12/25/2020 For the Week: The S&P500 slipped 0.2% (up 14.6% y-t-d), while the Dow was little changed (up 5.8%). The Utilities declined 0.9% (down 2.9%). The Banks jumped 3.1% (down 15.0%), and the Broker/Dealers gained 1.9% (up 29.8%). The Transports dipped 0.3% (up 14.9%). The S&P 400 Midcaps rose […]
May This Year Bring Less Gifts and Far More Christmas
May This Year Bring Less Gifts and Far More Christmas Even The Grinch Knows This May this year bring to all more Christmas and less of the junk we have all come to know as gift giving. This time of year I find the mind-numbing barrage from stuff that peddlers are rushing to fill any […]
The Most Hopeful Scenario for 2021
The Most Hopeful Scenario for 2021 Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon. From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and […]
Today’s Negative Rates Are the Path to Poverty
Today’s Negative Rates Are the Path to Poverty Almost Daily Grant’s (ADG) made the pronouncement on December 14th that a “new benchmark in financial repression” had been set: ”a record $18.4 trillion in global debt is priced to yield less than zero, up from less than $8 trillion in March and a five-year average of $10.3 trillion.” […]
Fed’s New Paradigm Adds Helium to the Stock Bubble
Fed’s New Paradigm Adds Helium to the Stock Bubble Valuation are not only high, they are among the highest on record. The Laws of InvestingThe Wall Street Journal asks Has the Fed Rewritten the Laws of Investing? It has been an odd year with the Covid-19 crisis hammering the economy, but stocks recovering from sharp losses […]
Railroads Slashed Jobs Again in Nov, to Lowest in Many Decades, Traffic Down 17% since 2006, Stocks Soared to Record High
Railroads Slashed Jobs Again in Nov, to Lowest in Many Decades, Traffic Down 17% since 2006, Stocks Soared to Record High Railroads responded to structural challenges by slashing jobs. Did nothing for volume but did everything for their stocks. The North American Class 1 freight railroads – BNSF, Union Pacific, Norfolk Southern, CSX, Canadian National, […]
