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Weekly Commentary: 2021 Year in Review
Weekly Commentary: 2021 Year in Review Books will be written chronicling 2021. I’ll boil an extraordinary year’s developments down to a few simple words: “Things Ran Wild”. Covid ran wild. Monetary inflation ran wild. Inflation, in general, ran completely wild. Speculation and asset inflation ran really wild. More insidiously, mal-investment and inequality turned wilder. Extreme […]
How Inflation Could Crash The Economy In 2022
How Inflation Could Crash The Economy In 2022 Photo by Alyssa Kibiloski It’s understandable if you’re tired of hearing about rising inflation. But it has become an economic mainstay in the Biden Administration. And each month seems to bring fresh records not experienced in decades. For Baby Boomers who lived through the Carter years, 2021 might […]
The Coming Retirement Crisis Will Affect Everyone
The Coming Retirement Crisis Will Affect Everyone We are on the cusp of a retirement crisis that will affect everyone. Far too many promises have been made and the demographics we face do not bode well for a bright future. The answer that some people tout is we should have more children or open the […]
The War on Cash & the Dollar
The War on Cash & the Dollar I have warned that Europe is the epic center for the decline and fall of Western Culture and economic strength. While the US has not yet joined Europe, the Democrats are licking their lips and trying desperately to figure out how to kill cash forcing everything to be […]
How To Make Better Predictions
How To Make Better Predictions By Tis the season of Wall Street predictions. How will US, European and Asian stocks do next year? How many times will the Fed increase interest rates? Where will the 10-year Treasury trade in 2022? All this got us to thinking about the process of making predictions, and that is […]
US Dollar’s Status as Dominant “Global Reserve Currency” at 25-Year Low. And USD Exchange Rates?
US Dollar’s Status as Dominant “Global Reserve Currency” at 25-Year Low. And USD Exchange Rates? Euro’s 20th birthday after dreams of “Dollar Parity” put on ice during Euro Debt Crisis. Central banks still leery of Chinese renminbi. The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the […]
How to Survive the Mega Collapse of 2022
How to Survive the Mega Collapse of 2022 Welcome to 2022! The New Year’s edition of the Economic Prism is a place of wild guesses and rough suppositions. Today we focus our eyes through our proprietary prism. We set our sights over a 12 month viewshed. What do we see? First off, 2022 will be […]
#219. The unravelling begins
#219. The unravelling begins THE REALITY OF SCARCITY, THE SCARCITY OF REALITY In nineteenth-century England, pictures of great events and famous personages could be purchased “penny-plain or tuppence-coloured”. Where the world economy is concerned, the price of flattering colouration has soared into the trillions, but the value of a “penny-plain” view has never been higher. The […]
2022: The Year of Breakdown
2022: The Year of Breakdown In other words, our economy and society have been optimized for failure. If we look at the fragility and instability of essential systems, it’s clear that 2022 will be the year of breakdown. Let’s start by reviewing how systems break down, a process I’ve simplified into the graphic below. 1. Regardless […]
The Political Economy of Degrowth
The Political Economy of Degrowth Abstract What is degrowth and what are its implications for political economy? Divided in three parts, this dissertation explores the why, what, and how of degrowth. The first part (Of growth and limits) studies the nature, causes, and consequences of economic growth. Chapter 1: Understanding economic growth answers a series […]
Fertilizer Inflation Contributing to Higher Food Prices
Fertilizer Inflation Contributing to Higher Food Prices Food prices are expected to rise going into 2022, and one major contributing factor is the rising price of fertilizer. The American Farm Bureau Federation stated that all nutrients had risen dramatically in cost over the last year: ammonia has increased over 210%; liquid nitrogen has increased over 159%; urea […]
Vaclav Smil: ‘Growth must end. Our economist friends don’t seem to realise that’
Vaclav Smil: ‘Growth must end. Our economist friends don’t seem to realise that’ The scientist and author on his latest book – an epic, multidisciplinary analysis of growth – and why humanity’s endless expansion must stop. Vaclav Smil is a distinguished professor emeritus in the faculty of environment at the University of Manitoba in Winnipeg, Canada. […]
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
THE ECONOMY MAY BE FINALLY PEAKING, AND THE FED WON’T HELP MATTERS Here we go again it may seem to many. The Fed is preparing us for a policy tightening just when a powerful growth cycle upturn is faltering. Or is it in fact an example of another well-known type of error from Fed history—getting […]
Ellen Brown: The Real Antidote to Inflation
Ellen Brown: The Real Antidote to Inflation The Fed has options for countering the record inflation the U.S. is facing that are far more productive and less risky than raising interest rates. [Images Money / CC BY 2.0] The Federal Reserve is caught between a rock and a hard place. Inflation grew by 6.8% in November, […]
Weekly Commentary: Just the Facts – December 24, 2021
Weekly Commentary: Just the Facts – December 24, 2021 For the Week: The S&P500 rallied 2.3% (up 25.8% y-t-d), and the Dow rose 1.7% (up 17.5%). The Utilities were little changed (up 11.7%). The Banks gained 1.4% (up 34.1%), and the Broker/Dealers advanced 2.2% (up 29.5%). The Transports rose 2.3% (up 29.4%). The S&P 400 […]
