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Tag Archives: growth
Lacalle: A Day Of Reckoning Looms For The Global Economy
Lacalle: A Day Of Reckoning Looms For The Global Economy European and Asian economic data is deteriorating, says economist and author Daniel Lacalle. “I’d call right now the day of reckoning,” Lacalle says, in this video excerpt of our soon-to-be released podcast In The Arena. “The entire message from mainstream consensus is ‘Yes there was a […]
Keep it Simple
Keep it Simple Markets blow up on Friday on a series of tweets, markets jam higher on the pronouncement of dubious phone calls on Monday. The rapid back and forth has many heads spinning and makes for dramatic headlines as people are searching for explanations. To which I say: Keep it simple, especially in the age […]
Major Recession Alarm Sounds
Major Recession Alarm Sounds Red, red, in every direction we turn today… red. The Dow Jones shed 800 scarlet points on the day. Percentage wise, both S&P and Nasdaq took similar whalings. The S&P lost 86 points. And the Nasdaq… 242. And so the market paid back all of yesterday’s trade-induced gains — with heaps […]
BOOM! Fossil Fuel Combustion and the Mother of All Economic Busts
BOOM! Fossil Fuel Combustion and the Mother of All Economic Busts Photograph Source: Eric Kounce TexasRaiser – Public Domain William Catton focussed on what follows a boom in the human population. He spelled out the scenario in his 1980 book, Overshoot: The Ecological Basis of Revolutionary Change. As one reviewer put it, “Catton believed that industrial civilization had […]
Decoupling is dead! Long live degrowth!
Decoupling is dead! Long live degrowth! If making the degrowth case was like baking a cake, disproving the plausibility of green growth would be the equivalent of turning the oven on. Decoupling is only “a myth” or “a fantasy,” some would say, a notorious fallacy that requires as much attention as the confabulations of Flat […]
The Planetary Insanity of Eternal Economic Growth
The Planetary Insanity of Eternal Economic Growth This is the fantasy: we can rebuild our entire global industrial society every generation or two forever. “Earthrise” is one of the most influential photographs ever published. Taken on the Apollo 8 mission in late December 1968 by astronaut Bill Anders, it captures Earth’s uniqueness, isolation and modest scale: […]
Blain’s Morning Porridge – July 11 2019 – Man on the Moon Day!
Blain’s Morning Porridge – July 11 2019 – Man on the Moon Day! “The Sky is not the limit – there are footprints on the Moon.” So many choices for this morning’s quote. The classic Armstrong “One Step” was too obvious. I did think about “To infinity and beyond”. But the one I chose is […]
Trying To Prevent Recessions Leads To Even Worse Recessions
Trying To Prevent Recessions Leads To Even Worse Recessions Deutsche Bank strategists Jim Reid and Craig Nicol wrote a report this week that echos what I and other Austrian School economists have been saying for many years: actions taken by governments and central banks to extend business cycles and prevent recessions lead to even more severe recessions […]
The Fed’s Dangerous Inflation Game
The Fed’s Dangerous Inflation Game By now you’ve heard that the U.S. economy expanded at an annualized rate of 3.2% in the first quarter of 2019. That was reported by the Commerce Department last Friday morning. That strong growth coming on top of 4.2% in Q2 2018 and 3.4% in Q3 2018 means that in […]
Globally Synchronized…
Globally Synchronized… The economic sickness is predictably spreading. While unexpected in most of the world which still, somehow, depends on central banking forecasts, it really has been almost inevitable. From the very start, just the utterance of the word “decoupling” was the kiss of death. What that meant in the context of globally synchronized growth, […]
Fake Growth? Exploring The Big Mystery In Friday’s GDP Report
Fake Growth? Exploring The Big Mystery In Friday’s GDP Report We have become accustomed to the miraculous economic data ‘surprises’ that are propagandized out of China month after month – not too hot, not too cold, but just right – but in the latest US GDP data, as MarketWatch’s Greg Robb investigates, mystery theater comes […]
GDP: Fake News
GDP: Fake News The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015. But there’s probably less here than meets the eye. About half the GDP gain came from a surge in inventories and […]
The Japanification of the World
The Japanification of the World Zombification / Japanification is not success; it is only the last desperate defense of a failing, brittle status quo by doing more of what’s failed. A recent theme in the financial media is the Japanification of Europe.Japanification refers to a set of economic and financial conditions that have come to characterize Japan’s […]
How the Concentration of Wealth is Driving a New Global Imperialism
How the Concentration of Wealth is Driving a New Global Imperialism Corporate media today is highly concentrated and fully international. Their primary goal is the promotion of product sales and pro-capitalist propaganda through the psychological control of human desires, emotions, beliefs, fears, and values. Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions […]
Here’s The Problem: The Pie Is Shrinking
Here’s The Problem: The Pie Is Shrinking At that point, the only way to enable debt-serfs to service their debts is too give them free money, i.e. Universal Basic Income (UBI). Scrape away the churn and distraction and the problem is simple: the pie of prosperity is shrinking, and the “fixes” are failing. The status quo […]
