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Tag Archives: status quo
Dear High School Graduates: the Status Quo “Solutions” Enrich the Few at Your Expense
Dear High School Graduates: the Status Quo “Solutions” Enrich the Few at Your Expense You deserve a realistic account of the economy you’re joining. Dear high school graduates: please glance at these charts before buying into the conventional life-course being promoted by the status quo. Here’s the summary: the status quo is pressuring you to […]
The U.S. Economy In Two Words: Asymmetric Gains
The U.S. Economy In Two Words: Asymmetric Gains The Status Quo is in trouble if the bottom 95% wake up to the asymmetric gains that are the only possible output of our hyper-financialized economy. The core dynamic of the U.S. economy in this era is asymmetric gains: the gains in income, wealth and power are […]
The Next Recession Will Be Devastatingly Non-Linear
The Next Recession Will Be Devastatingly Non-Linear The acceleration of non-linear consequences will surprise the brainwashed, loving-their-servitude mainstream media. Linear correlations are intuitive: if GDP declines 2% in the next recession, and employment declines 2%, we get it: the scale and size of the decline aligns. In a linear correlation, we’d expect sales to drop […]
Steven Pinker’s Ideas About Progress Are Fatally Flawed. These Eight Graphs Show Why.
Steven Pinker’s Ideas About Progress Are Fatally Flawed. These Eight Graphs Show Why. It’s time to reclaim the mantle of “Progress” for progressives. By falsely tethering the concept of progress to free market economics and centrist values, Steven Pinker has tried to appropriate a great idea for which he has no rightful claim. In Enlightenment Now: […]
What Lies Beyond Capitalism and Socialism?
What Lies Beyond Capitalism and Socialism? The status quo, in all its various forms, is dominated by incentives that strengthen the centralization of wealth and power. As longtime readers know, my work aims to 1) explain why the status quo — the socio-economic-political system we inhabit — is unsustainable, divisive, and doomed to collapse under […]
Playing for All the Marbles
Playing for All the Marbles Global Plunge Protection Teams must be ordering take-out food; every night is a long one now. The current stocks/bonds game is for all the marbles, by which I mean the status quo now depends on valuations and interest rates remaining near their current levels for the system to function. If […]
Solutions Only Arise Outside the Status Quo
Solutions Only Arise Outside the Status Quo Solutions are only possible outside these ossified, self-serving centralized hierarchies. Correspondent Dan F. asked me to reprint some posts on solutions to the systemic problems I’ve outlined for years, most recently in How Much Longer Can We Get Away With It? and Checking In on the Four Intersecting […]
The Status Quo Will Reign
The Status Quo Will Reign This month’s stock market correction is still fresh in everyone’s mind. Many have even begun to wonder if the era of dark money was truly over. How will the recent correction affect the Fed’s dark money policies? The consensus explanation for the correction was that inflation was rising and that would […]
The Ghosts of 1968
The Ghosts of 1968 The hope of 1968 that public demonstrations can actually change the power structure has been lost. 1968 was a tumultuous year globally and domestically. The Prague Spring in Czechoslovakia–a very mild form of political and cultural liberalization within the Soviet bloc–was brutally crushed by the military forces of the Soviet Union. […]
Is the 9-Year Long Dead Cat Bounce Finally Ending?
Is the 9-Year Long Dead Cat Bounce Finally Ending? Ignoring or downplaying these fundamental forces has greatly increased the fragility of the status quo. The term dead cat bounce is market lingo for a “recovery” after markets decline due to fundamental reversals. Markets tend to bounce back after sharp declines as participants (human and digital) […]
The Rowboat (Wages) and the Yacht (Assets)
The Rowboat (Wages) and the Yacht (Assets) As I keep saying: the status quo has divested the working and middle classes. The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the yacht […]
As US Global Influence Recedes, Secession Demands Grow
As US Global Influence Recedes, Secession Demands Grow One of the more welcomed outcomes of the paring back of the US State Department bureaucracy is the elimination of scores of “status quo enthusiasts.” Since the end of World War II, the State Department’s ranks have been populated by foreign service officers and career diplomats who […]
Social Change Will Upend the Status Quo
Social Change Will Upend the Status Quo The nation is fragmenting because the Status Quo is failing the majority of the citizenry. The core narrative of the Status Quo is that nothing fundamental needs to be changed: all the problems can be solved with more “free money” (borrowed from the future at low rates of […]
Yes, But at What Cost?
Yes, But at What Cost? This is how our entire status quo maintains the illusion of normalcy: by avoiding a full accounting of the costs. The economy’s going great–but at what cost? “Normalcy” has been restored, but at what cost? Profits are soaring, but at what cost? Our pain is being reduced–but at what cost? […]
