Home » Economics (Page 163)
Category Archives: Economics
The BIS Issues A Dire Warning: “We Are Moving From The Liquidity To The Solvency Phase Of The Crisis”
The BIS Issues A Dire Warning: “We Are Moving From The Liquidity To The Solvency Phase Of The Crisis” There are three certainties in life: death, taxes and the BIS – the central banks’ central bank – warning about excesses from monetary policy (the most recent amusing example of this was last October when as […]
The Staggering Impact Of Online Shopping
The Staggering Impact Of Online Shopping Expect Many Local Stores To Close The ramifications of online shopping during this holiday season while covid-19 rages across the land will be staggering. The fourth quarter is the time of year when retailers normally make the bulk of their annual profits thanks to holiday shopping. The National Retail […]
Three Big Retailer Casualties in One Week: UK Retail Landlords Reel after Worst Week of Nightmare Year
Three Big Retailer Casualties in One Week: UK Retail Landlords Reel after Worst Week of Nightmare Year Some property owners are more exposed to the fallout than others. The UK’s retail property sector was hammered by three big corporate casualties last week, even as the country’s shopping centers began reopening after another lockdown. Two of […]
What Oil’s Troubles Mean to the Rest of Us
What Oil’s Troubles Mean to the Rest of Us To the extent that stock prices reflect expectations of future value, investors don’t like the prospects for oil, and oil’s demise signals muted prospects for economic growth. Exxon-Mobil (XOM) was removed from the Dow Jones Industrial Average this past August, ending a run that began when […]
For Stocks & Bonds, Upside Surprise of Inflation and Interest Rates “Could Prove Nasty”: Dudley
For Stocks & Bonds, Upside Surprise of Inflation and Interest Rates “Could Prove Nasty”: Dudley Five reasons to “worry about faster inflation.” It’s “a greater danger precisely because it’s no longer perceived as such.” “Given how completely financial markets have come to expect low inflation and interest rates, and how much support those expectations are […]
Weekly Commentary: Monetary Disorder In Extremis
Weekly Commentary: Monetary Disorder In Extremis November non-farm payrolls gained 245,000, only about half the mean forecasts – and down from October’s 610,000. It was the weakest job growth since April’s employment debacle. U.S. equities rallied on the disappointing news. A few Bloomberg headlines captured the aura: “Stocks Gain as Jobs Miss Boosts Stimulus Bets;” […]
This Was All Predicted 10 Years Ago
This Was All Predicted 10 Years Ago In 2010, the scientific journal Nature published a collection of opinions looking ahead 10 years, i.e., where we are right now. Nature then published a short response from zoologist Peter Turchin in its February 2010 issue. Quantitative historical analysis reveals that complex human societies are affected by recurrent — and predictable — waves of political […]
World Currency Included In The “Endgame” Reset
World Currency Included In The “Endgame” Reset Many Countries Endorse A Single World Currency The idea the world would be better served with a single “World Currency” has been growing and looms as a real possibility in the near future. Many people see this as a major part of the “endgame” or something that will […]
Dalio- The United States Is At A Tipping Point That Could Lead To Revolution Or Civil War
Dalio: The United States Is At A Tipping Point That Could Lead To Revolution Or Civil War It was almost exactly ten years ago that we first predicted that the Fed’s “moronic” QE which has sparked an unprecedented class, income and wealth divide, “positions US society one step closer to civil war if not worse.” […]
2021 is Already Optimized for Failure
2021 is Already Optimized for Failure One sure way to identify a system “optimized for failure” is if all the insiders are absolutely confident the system is “optimized for my success”. I often discuss optimization here because it offers an insightful window into how systems become fragile and break down. When we optimize something, we’re aiming to get […]
Low prices batter oil industry (and later the rest of us)
Low prices batter oil industry (and later the rest of us) It is a sign of the times that the largest oil company in the world, Saudi Aramco, the state oil company of the Kingdom of Saudi Arabia, must borrow money to pay its shareholder dividend. I have written about the twice-delayed and often troubled initial public […]
Facing the Anthropocene: An Update
Facing the Anthropocene: An Update Recent scientific work strengthens and extends the arguments in Ian Angus’s pathbreaking book on fossil capitalism and the crisis of the Earth System I’ve been pleased and deeply honored by the international response to my book Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth System (Monthly Review Press, 2016). […]
Economics and the environment
Economics and the environment This is the text, including slides, from a talk given on October 28 2020 during an online event organised by University College Cork’s Economics and Environmental Societies. (I didn’t follow the text word for word during the talk, but it covered the same ground) Thank you very much, I’m delighted to […]
