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Pozsar Warns Of Another “Lehman Weekend” As Russia Sanctions May Trigger Central Bank Liquidity Flood
Pozsar Warns Of Another “Lehman Weekend” As Russia Sanctions May Trigger Central Bank Liquidity Flood In a remarkable show of force and unity, western powers cast aside all their previous concerns about Russian energy supplies and uniliaterally announced the nuclear option of imposing sanctions on the Russian central bank coupled with targeted exclusions from SWIFT of key […]
Even the Fed’s Lowball Inflation Measure Goes WOOSH: Fodder for 50-Basis-Point Rate Hike in March
Even the Fed’s Lowball Inflation Measure Goes WOOSH: Fodder for 50-Basis-Point Rate Hike in March The most reckless Fed ever is still just watching – and fueling – the consequences of 23 months of policy errors as the Inflation Monster gets bigger and bigger. The Fed’s official yardstick for inflation, the “core PCE” price index, […]
Coming Up For Air
COMING UP FOR AIR “A government big enough to give you everything you want is a government big enough to take from you everything you have.” – Originally attributed to Thomas Jefferson, but the actual author is now in question. “That’s another (fine) mess you’ve gotten me into.” – Laurel & Hardy catchphrase. Even though I’ve written […]
“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis
“Cash Delay” Deliveries Strike Polish ATMs As People Panic Hoard Amid Ukraine Crisis Russian forces continue to invade Ukraine for the second day, causing mass panic in neighboring countries. Poland, which has a 326-mile border with Ukraine, is bracing for a wave of refugees. The spillover of chaos is also causing Polish people to panic hoard cash […]
Geopolitics and Degrowth
Geopolitics and Degrowth The Geopolitics of Degrowth holds that real power flows not from waste, centralization and coercion but from decentralization, relocalization and the free flow of value. Conventional geopolitics is all about more: more military power, more sanctions, more coercion, more influence. The Geopolitics of Degrowth is all about the the power of less: wasting less, consuming less, needing less […]
Cargill Ship Hit In Missile Attack In Ukraine Waters
Cargill Ship Hit In Missile Attack In Ukraine Waters Star Tribune reports a vessel chartered by Cargill Inc., a Minnesota-based agribusiness giant, was hit in a missile attack after leaving a deep-sea port on the outskirts of Odessa on Thursday. “Right now, our priority is the safety of our people in the region. This is a […]
Has the World Gone Mad?
Has the World Gone Mad? Understanding the crisis in Ukraine from a peak resource perspective No, this war is not (just) about getting Ukraine’s resources. Other political ambitions aside, this one is more about the rest of Europe loosing its energy carriers, together with its political power — and stability. It is no wonder that […]
Global Stocks, Futures Crash; Nasdaq In Bear Market, Oil Soars Above $105 On Russia Attack
Global Stocks, Futures Crash; Nasdaq In Bear Market, Oil Soars Above $105 On Russia Attack U.S. stock index futures crashed along with global markets on Thursday as Russia’s assault on Ukraine sent investors fleeing risky assets, while the tech-heavy Nasdaq was set to open in a bear market. Contracts on the Nasdaq 100 were down […]
Most People Have No Idea How Much Stocks are Likely to Crash
Most People Have No Idea How Much Stocks are Likely to Crash Let’s discuss value investor Jeremy Grantham’s thesis on “super bubbles” and his target for the S&P 500. S&P 500 chart courtesy of StockCharts.Com, annotations by Mish with thanks to Jeremy Grantham. Fourth Super Bubble For almost a half-century, value-investing icon Jeremy Grantham […]
Our Financial System Is Optimized for Sociopaths and Exploitation
Our Financial System Is Optimized for Sociopaths and Exploitation Let’s call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons. We live in a peculiar juncture of history in which truth has been banished as a threat to the maximization of private gain, i.e. the hyper-pursuit of self-interest. Evidence that supports a causal chain has […]
JPMorgan Publishes Terrifying Take On What Ukraine Crisis Will Do To Commodity Prices
JPMorgan Publishes Terrifying Take On What Ukraine Crisis Will Do To Commodity Prices So far western media has been relatively silent on what the escalating Ukraine crisis means for western consumers when it comes to prices for everyday commodities such as oil, gas, wheat, corn (and gold, for the goldbugs), and with good reason: as […]
UK Households Struggle As Inflation Hits 30-Year High, New Taxes Kick In
UK Households Struggle As Inflation Hits 30-Year High, New Taxes Kick In Millions of Britons who previously found themselves financially ‘comfortable’ are feeling the heat over accelerating inflation, record energy bills, and tax increases which kick in this year. A food bank for military veterans in Newcastle-under-Lyme, England. The Food Foundation survey found that 16% of people surveyed […]
Armstrong v Schwab
Armstrong v Schwab While Nigel Farage spoke at our 2019 WEC in Rome, he said he came because our events were the “alternative to Davos.” For years Schwab and I have been on opposite sides of the table. The stark difference between myself and that of Klaus Schwab boils down to the divergence in economics […]
Rural gentrification Part II: Of localists and homesteaders
Rural gentrification Part II: Of localists and homesteaders In this post, I discuss some issues about gentrification, localism and homesteading or neo-agrarianism, following on from my last post and the wider debate I referred to there. Let’s begin with a word on gentrification, which is usually applied to urban situations where richer people avail themselves of cheaper […]
Our Leaders Made a Pact with the Devil, and Now the Devil Wants His Due
Our Leaders Made a Pact with the Devil, and Now the Devil Wants His Due The unprecedented credit-fueled bubbles in stocks, bonds and real estate are popping, and America’s corrupt leaders can only stammer and spew excuses and empty promises. Unbeknownst to most people, America’s leadership made a pact with the Devil: rather than face the […]
