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BlackRock says we’re all doomed. It’s being optimistic
BlackRock says we’re all doomed. It’s being optimistic The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse BlackRock predicts a lasting fall in living standards for the many, alongside huge profits for the few | Maureen McLean/Alamy Live News The working assumption, for governments and central banks across the […]
Are You Prepared for a Hard Landing?
Are You Prepared for a Hard Landing? The New Year brings both optimism and hope. A chance to start fresh. To turn over a new leaf. The sentiment is welcome. The outcome, however, can be a grave disappointment. If you recall, 2022 was supposed to be a year of redemption and prosperity. After the ugly […]
The Global Financial System Is A Rube Goldberg Machine
The Global Financial System Is A Rube Goldberg Machine Much Of The Economy Is Like This Machine More than one economist, big wig CEO, and Fed watcher has alleged the problems haunting the financial system have very deep roots. These people often contend governments and central banks have not fully rectified the problems causing the […]
Global NatGas Prices Sink As Warm Weather Spreads
Global NatGas Prices Sink As Warm Weather Spreads US and European natural gas prices are sliding as warmer weather reduces demand for the heating fuel, and storage levels remain high. Risks of a global energy crisis are diminishing for now — well — that’s until the next cold blast strikes. The polar vortex that sent […]
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says Gas prices could top $4 a gallon in most major US states next year, GasBuddy says. (Photo by Steve Pfost/Newsday RM via Getty Images) Gas prices could surge toward […]
China is destroying itself
China is destroying itself Preface. China has been destroying itself for many decades now. In Mao’s “great leap forward” about 35 to 50 million are estimated to have died from starvation from 1958 on, as you’ll read in my book review of” Shapiro J (2001) Mao’s War Against Nature: Politics and the Environment in Revolutionary […]
It’s a New Era
It’s a New Era This dynamic–making problems much worse by forcing more of whatever worked in the previous era into a saturated, increasing unstable new era–receives little attention or understanding. Eras may last decades, and only those who’ve lived long enough to recall previous eras have experienced the transition from one era to the next. The […]
Rising authoritarianism and worsening climate change share a fossil-fueled secret
Rising authoritarianism and worsening climate change share a fossil-fueled secret Around the world, many countries are becoming less democratic. This backsliding on democracy and “creeping authoritarianism,” as the U.S. State Department puts it, is often supported by the same industries that are escalating climate change. In my new book, “Global Burning: Rising Antidemocracy and the Climate […]
One Great Big Nasty Prediction for 2023
One Great Big Nasty Prediction for 2023 Welcome to 2023! The New Year’s edition of the Economic Prism is a place of wild conjecture and rough suppositions. A place where abstract thinking is celebrated. Imaginative cycle theories, deep metaphysics, fractal wave patterns, happy accidents, and amateur fortune tellers of all stripes are invited too. Today, […]
Of Economic Crises and Pandemics: Facebook as Fact, Government as Truth, Big Pharma as God
Of Economic Crises and Pandemics: Facebook as Fact, Government as Truth, Big Pharma as God If events since March 2020 have shown us anything, it is that fear is a powerful weapon for securing hegemony. Any government can manipulate fear about certain things while conveniently ignoring real dangers that a population faces. Author and researcher Robert […]
Struggling farmers face another challenge with diesel shortage
Struggling farmers face another challenge with diesel shortage Three generations of the Heinrich family of farmers in front of a combine that Tim, right, says can go through 150 gallons of diesel fuel on a busy day. Heinrich family As if this year hasn’t been rough enough on the agriculture community, farmers can now add […]
Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance
Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance Credit Suisse contributor Zoltan Pozsar has continued his ongoing series about Bretton Woods III where commodities will dictate the new world order. For his last dispatch of the year, he described how the world is now shifting to a multipolar order “being built not […]
The degrowth propaganda squad
The degrowth propaganda squad Degrowth. Image: Klimacamp Wien What degrowth thinkers can learn from free market economist Friedrich Hayek and the father of public relations, Edward Bernays. ‘There is no alternative.’ The infamous slogan used by Margaret Thatcher would often be flung in your face, explicitly or implicitly, whenever you tried, in recent decades, to resist […]
