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IMF Warns Biden’s Fiscal Profligacy Poses “Significant Risks” To Global Economy ‘In Great Election Year’
IMF Warns Biden’s Fiscal Profligacy Poses “Significant Risks” To Global Economy ‘In Great Election Year’ The IMF said the the quiet part out loud today (admittedly wrapped in 100s of pages of PhD-ese) in their benchmark Fiscal Monitor this morning: pointing out that America’s recent economic performance is partially the result of the country’s unsustainable borrowing, and […]
Predicting the Future: How Good is the “Earth4All” Model?
Predicting the Future: How Good is the “Earth4All” Model? Jorgen Randers, one of the original authors of the first report to the Club of Rome, “The Limits to Growth,” of 1972. Now, he is one of the main authors of the new report to the Club, “Earth for All” This post is not meant to […]
Financial Forecast 2025-2032: Please Don’t Be Naive
Financial Forecast 2025-2032: Please Don’t Be Naive Rather than attempt to evade Caesar’s reach, a better strategy might be to ‘go gray’: blend in, appear average. Let’s start by stipulating that I don’t “like” this forecast. I’m not “talking my book” (for example, promoting nuclear power because I own shares in a uranium mine) or issuing […]
What About Prices?
What About Prices? Chapter 8 from my forthcoming book Rebuilding Economics from the Top Down Inflation, having been quiescent for decades, became a serious issue once more with the bout of inflation that occurred after the peak of the government reaction to the Covid crisis. Though it did not reach the 12-15% levels of the […]
AI, Cryptocurrency Will Double Data Center Energy Consumption by 2026
AI, Cryptocurrency Will Double Data Center Energy Consumption by 2026 According to the IEA, electricity consumption from data centres, artificial intelligence (AI) and the cryptocurrency sector could double by 2026. Factor in the global push to EVs. Please consider the International Energy Agency IEA Electricity Analysis Report 2024-2026. IEA Notable Points Global electricity demand rose moderately in […]
Forget the Black Swans; the Vultures already Circling us Are Bad Enough to Kill us
Forget the Black Swans; the Vultures already Circling us Are Bad Enough to Kill us There is certainly more coming to eat away at your finances as infamous bankster Jamie Dimon laid out quite broadly and plainly this week. Photo by Abhishek Singh on Unsplash Jamie Dimon never saw a dying bank he didn’t want to eat. Yet, […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
Today’s Contemplation: Collapse Cometh CIII–We All Believe What We Believe…Evidence Be Damned.
Today’s Contemplation: Collapse Cometh CIII Teotihuacan, Mexico. (1988) Photo by author. We All Believe What We Believe…Evidence Be Damned. The following contemplation is my comment on the latest Honest Sorcerer post that explores personality ‘types’ and how these contribute to why we tend to hold such different views of our world. Very interesting discussion and does help […]
Today’s Contemplation: And Now For Something Completely Different, Part 6
Today’s Contemplation: And Now For Something Completely Different, Part 6 February 16, 2023 (original posting date) While I take a break from my Contemplation posts here is the sixth installment of chapters from the fourth book in my fictional novel series (that stalled a few years ago but have ready). I will continue to share some […]
Inflation is Causing Tectonic Shifts
Inflation is Causing Tectonic Shifts Even if stock investors are acting as if nothing happened along the road they are walking, they will soon wish they had not missed the obvious. Photo by Roberta Piana on Unsplash Yesterday when stocks crashed hard, I wrote the following caveat to their epitaph: Whoa! Delusions broken. At least, for today, but give investors […]
Today Contemplation: Collapse Cometh CI–Theory Is Great, In Theory: More On Our ‘Renewable’ Energy Future
Today Contemplation: Collapse Cometh CI February 13, 2023 (original posting date) Monte Alban, Mexico (1988). Photo by author. Theory Is Great, In Theory: More On Our ‘Renewable’ Energy Future Quite often I get involved in online discussions with others about our predicament(s). Most of the time these are quite friendly in nature and a sharing of ideas […]
Today’s Contemplation: Collapse Cometh XCIX–Energy Future, Part 4: Economic Manipulation
Today’s Contemplation: Collapse Cometh XCIX February 9, 2023 (original posting date) Monte Alban, Mexico. (1986) Photo by author. Energy Future, Part 4: Economic Manipulation In Part 1, I argue that energy underpins everything, including human complex societies. In Part 2, I suggest that the increasing need for diminishing resources, especially finite or limited ‘renewable’ ones, invariably leads […]
Today’s Contemplation: Collapse Cometh XCVIII–‘Inevitable’ Growth: Helping To Keep the Profiteer Gravy Train Pumping
Today’s Contemplation: Collapse Cometh XCVIII February 7, 2023 (original posting date) Monte Alban, Mexico. (1988) Photo by author. ‘Inevitable’ Growth: Helping To Keep the Profiteer Gravy Train Pumping The following are two brief comments (followed by a couple of shorter responses to others) I put out on one of my town’s FB pages regarding the ongoing conversation/debate […]
