Home » Economics (Page 165)
Category Archives: Economics
“Own Nothing and Be Happy”: The Great Reset’s Vision of the Future
“Own Nothing and Be Happy”: The Great Reset’s Vision of the Future World Economic Forum’s video tells us about the plans for humanity in the year 2030 The World Economic Forum’s (WEF) annual meeting at the end of January in Davos, Switzerland, brings together international business and political leaders, economists and other high-profile individuals to […]
Aggregate green growth is a mirage: we need to take a more scientific approach to societal wellbeing
Aggregate green growth is a mirage: we need to take a more scientific approach to societal wellbeing In the spring of 2020, the new Irish government announced its desire to develop new measures of well-being and progress in Ireland. The idea was given some prominence in the Programme for Government, ‘Our Shared Future’. This is exactly […]
The Consequences of Budget Deficits For International Trade
THE CONSEQUENCES OF BUDGET DEFICITS FOR INTERNATIONAL TRADE In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing US budget deficits will lead to increasing trade deficits, a situation with serious political consequences. Furthermore, with foreign interests already saturated with […]
Cashless World Signals a Global End to Privacy
Cashless World Signals a Global End to Privacy Countries are moving to digital currencies at lightning speed. This is the future of money. Digital currencies will replace cash on an ASAP agenda. We are witnessing Europe, Canada, Asia, and even China all moving toward this new digital world for (1) total control, (2) taxes, […]
Both hands now – an introduction to ‘A Small Farm Future’
Both hands now – an introduction to ‘A Small Farm Future’ Today I’m going to begin my cycle of posts commenting on, expanding and perhaps occasionally qualifying the analyses in my book A Small Farm Future. You have bought your copy by now, right? Ah well … far be it from me to tell you what to do […]
World’s Negative-Yield Debt Pile Has Just Hit a New Record
World’s Negative-Yield Debt Pile Has Just Hit a New Record $17 trillion of investment-grade debt now has sub-zero rates U.K. and Australian central banks expand bond-buying programs The world’s stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn […]
State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon
State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay. Consumers have undertaken an astounding project instead of consuming: Paying down their credit cards. In September, outstanding balances of credit cards and other […]
For Stocks, Any Election Outcome is Now the Best Outcome, Disputed Election, Long Legal Mess, Split Government Without Stimulus, Whatever…
For Stocks, Any Election Outcome is Now the Best Outcome, Disputed Election, Long Legal Mess, Split Government Without Stimulus, Whatever… This is funny in terms of stock-market “narratives” during these crazy times. At first, long ago, the narrative was that a Trump victory would boost stocks. And then when this became more uncertain, the narrative […]
What We Don’t Elect Matters Most: Central Banking and the Permanent Government
What We Don’t Elect Matters Most: Central Banking and the Permanent Government We’re Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter […]
The Economic Superorganism: Excerpt
The Economic Superorganism: Excerpt For the last 200 years, increasing global energy consumption has translated to increasing global GHG emissions. While this might not be the case in the future, how do we consider the conflict between our instincts to react to immediate circumstances (i.e., consume more energy now, grow the economy now) and the […]
The fall of an empire
The fall of an empire Illustration: Aïda Amer/Axios The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large part because it has made the biggest bets on oil and gas — and the smallest bets on […]
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness Transportation fuel demand rose to where it had been in … 1997. While the overall S&P 500 Index is down 2.7% in October, about flat for the three-month period, and up 2.8% for the year, the S&P 500 Energy […]
Australia’s Perth Mint Silver Bullion Sales Surge In 2020
Australia’s Perth Mint Silver Bullion Sales Surge In 2020 With the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020. And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single month this year. The […]
Today’s Contemplation: The Coming Collapse VIII
October 30, 2020
Today’s Contemplation: The Coming Collapse VIII Chitchen Itza, Mexico (1986) Photo by author Once again, a comment I posted in response to an article on The Tyee. Where to begin? I realise this article is primarily about a federal political party and its future but there are two underlying issues that are discussed that need far […]
Continue Reading →