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UK Food Inflation Hits Record High As Discretionary Income Evaporates Ahead Of Dark Winter
UK Food Inflation Hits Record High As Discretionary Income Evaporates Ahead Of Dark Winter Brits have watched double-digit inflation wipe out any wage gains in one of the worst cost-of-living crises in a generation. Many have gone into debt, paying for things such as food, energy, and shelter. Others have been left with little or […]
Energy Bills In Europe Are 90% Higher Than Last Year
Energy Bills In Europe Are 90% Higher Than Last Year Electricity and gas prices are soaring across Europe, with bills close to double from last year in most European capitals, according to new data from the Household Energy Price Index—a monthly tracker of energy prices for households across 33 European capitals, including the 27 EU member […]
Regardless of Who’s Elected, Imperial Corruption Rules the Nation
Regardless of Who’s Elected, Imperial Corruption Rules the Nation But in the meantime, enjoy the political theatrics down on the sand-strewn floor of the Coliseum. While the much-touted differences between America’s political parties get obsessive, hysterical attention, the sameness of Imperial corruption, waste and squalor regardless of who’s in power gets little notice. Scrape away the […]
11 Signs That Economic Activity Is Plunging Off A Cliff
11 Signs That Economic Activity Is Plunging Off A Cliff Have you noticed it too? There has been a dramatic shift in the economy in recent days. It has been sudden and it has been severe. All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large […]
The decoupling canard won’t die…
The decoupling canard won’t die… aka, ‘Green Growth is an oxymoron’! I keep coming across people contending that decoupling will allow continued economic expansion, whilst reducing emissions. I put together this summary of rebuttals: This is a great starting observation from Tim Morgan at Surplus energy economics: “At the same time, we should dismiss the […]
The Shortages Are Coming
The Shortages Are Coming Do you remember in early 2020 when they told us that the shortages that we were experiencing would just be temporary? Of course some of them were, but then more shortages just kept on erupting. That wasn’t supposed to happen, and now it appears that our supply chain problems could potentially […]
The Unintended Consequences of Unintended Consequences
The Unintended Consequences of Unintended Consequences Decades of central bank distortions and regulatory / market-share capture by cartels and monopolies have completely gutted “markets,” destroying their self-correcting dynamics. Unintended consequences introduce unexpected problems that may not have easy solutions. An entirely different set of problems are unleashed as unintended consequences have their own unintended consequences. This is the problem with complex […]
Peter Schiff: Very Scary Admissions from the Fed
Peter Schiff: Very Scary Admissions from the Fed Last week, the Federal Reserve delivered a 75-basis point rate hike, but Fed Chair Jerome Powell failed to deliver the more doveish rhetoric that many expected. The messaging did not indicate much softening in the stance on the future trajectory of rate hikes, despite an apparent “soft pivot” […]
Oil is Bankrupt (If We Want It)
Oil is Bankrupt (If We Want It) Alberta’s Oil Companies Are the Walking Dead. Albert’s oil-patch is a zombie, the walking dead. The companies that extract oil there owe more money than they can pay, more than they can borrow, more than they can earn. If they were made to pay their lawful debts, they […]
Energy’s role in economic production is severely underestimated!
Energy’s role in economic production is severely underestimated! Another brilliant exposition by Prof Steve Keen. The wording below is from a LinkedIn post I made tonight, targeted to Megan Woods (NZ Energy Minister) and Tina Schirr (BEC Lead) I posted the following to LinkedIn tonight, here’s the link to the OP: https://www.linkedin.com/posts/nathansurendran_friede-gard-prize-lecture-05-energy-in-production-activity-6994962828289851392-oU7s Friede Gard Prize Lecture […]
Are You Ready for the Coming U.S. Government Default?
Are You Ready for the Coming U.S. Government Default? The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward. Optimistic investors keyed in on the Federal Open Market Committee (FOMC) statement and, in particular, the remark that the […]
There Is No Way Out for Europe
There Is No Way Out for Europe “Civilizations die from suicide, not by murder” The late historian Toynbee argued, that when civilizations meet a challenge they cannot overcome or resolve, they rather commit suicide than to let themselves murdered by outside forces. I sincerely doubt however that anyone from the political class in the West […]
