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Category Archives: Economics
This Isn’t Just Another Crash
This Isn’t Just Another Crash Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we’ve been swamped with charts overlaying recent stock market action over 1929, 1987,2000 and 2008 — though the closest […]
Food Shortages Set in Motion by Politicians
Food Shortages Set in Motion by Politicians COMMENT: Dear Martin,it is amazing what your computer is picking in advance. In Germany we now have the French fries crisis. (Reported now by N-TV) Do to the fact, that all restaurants are shut down, the Farmers cannot sell most of their potatoes. So we will see a lot […]
Bailouts Can’t Save This Fragile System
Bailouts Can’t Save This Fragile System It’s obvious the global economy is painfully fragile. What is less obvious is the bailouts intended to “save” the fragile economy actually increase its fragility, setting up an inevitable collapse of the entire precarious system. Systems that are highly centralized, i.e., dependent on a handful of nodes that are […]
Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For
Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn’t cover – are […]
Why Assets Will Crash
Why Assets Will Crash This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% […]
Why Lockdowns Work
Why Lockdowns Work There was another comment at the Automatic Earth yesterday questioning the function and wisdom of various lockdowns. I thought I’d explain this in more detail. Ilargi if you or anyone else could explain what the exit strategy is from a lockdown I’d be interested in hearing it. As it is, this lockdown […]
THE WOLF STREET REPORT: Nothing’s Fixed – What’s Behind the Corporate Debt Bailout
THE WOLF STREET REPORT: Nothing’s Fixed – What’s Behind the Corporate Debt Bailout Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
Will Civilization’s Response to COVID-19 Lead to a More Sustainable, Equitable World?
Will Civilization’s Response to COVID-19 Lead to a More Sustainable, Equitable World? What better time to shift our thinking and actions away from a hyperconsumptive, inequality-widening, environmentally-detrimental era than the 50th anniversary of Earth Day. Having been shaken to our collective core by the COVID19 pandemic, can we muster the will to make major changes […]
Investing Legend Sees A Second Great Depression For Stocks By 2023
Investing Legend Sees A Second Great Depression For Stocks By 2023 The name of Kiril Sokoloff, author of the weekly WILTW (What I Learned This Week) newsletter through his advisory firm 13D Global Strategy & Research, needs no introduction on this website for the simple reason that over the past few years we have often published […]
Oil flows spell deep depression
Oil flows spell deep depression Energy is not just one commodity among many in the economy; it is the commodity. Without energy, nothing gets done. And, oil is not just one form of energy in the energy commodity complex; it is the energy source upon which our modern way of life depends. In fact, it is the main energy […]
Lockdowns Ending but Their Politics Still Rule
Lockdowns Ending but Their Politics Still Rule While it looks like the worm is turning against the draconian economic shutdowns decreed by governments, so much damage has already been done it likely won’t matter now. I began the week hopeful that my home state of Florida would lead the way towards challenging the anti-human and […]
We Need to Shut Them Down
We Need to Shut Them Down We need to shut them down. Governments that is. At least the ones that cannot pay their bills because of unnecessary economic lockdown orders. I have tried just about everything in these pages to induce politicians to see that they are pushing the worst policies since at least the New Deal […]
Massive Unemployment Surge Creates Challenge Ahead
Massive Unemployment Surge Creates Challenge Ahead Unemployment has several faces. It will be interesting to see how America handles the massive unemployment caused not so much by covid-19 but the government’s effort to hold employers responsible for the cost. When the government passed a law increasing employers’ responsibility for paying workers even when there was […]
