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A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path. The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last […]
America’s Minsky Moment Approaches
America’s Minsky Moment Approaches Commentary Named after American economist Hyman Minsky, the idea behind a Minsky moment is that a financial markets crisis (especially in credit markets) is caused by a sudden and systemic collapse in asset prices, usually after a sustained period of speculative investment, excessive borrowing, and widespread financial risk taking. In other […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
Expect a Financial Crisis in Europe With France at the Epicenter
Expect a Financial Crisis in Europe With France at the Epicenter The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. The crisis is coming to a head with France and Italy in the spotlight. The first casualty will be Green policy. Image composite by Mish from the European Commission Compliance Tracker Compliance […]
The World F-‘d Around, Now It’s Finding Out
THE WORLD F-’D AROUND, NOW IT’S FINDING OUT Well, everyone wanted to do what they wanted to do instead of what they needed to do, and this is the end result. It was inevitable. Neglecting our responsibilities on this earth only had one outcome, and it’s a living nightmare. I think it’s time we talked […]
Today’s Contemplation: Collapse Cometh LXXVI–Roadblocks To Our ‘Renewable’ Energy Transition: Debt, Resource Constraints, and Diminishing Returns
Today’s Contemplation: Collapse Cometh LXXVI November 12, 2022 (original posting date) Chitchen Itza, Mexico. (1986) Photo by author. Roadblocks To Our ‘Renewable’ Energy Transition: Debt, Resource Constraints, and Diminishing Returns Today’s contemplation is a quick rundown of three of the roadblocks I see preventing us from achieving the utopian dream of a seamless ‘clean’ energy transition from […]
Eventual Financial Death Spiral Now Imminent – John Rubino
Eventual Financial Death Spiral Now Imminent – John Rubino Analyst and financial writer John Rubino warned nearly four months ago of a “U.S. Financial Death Spiral.” This past week, Bank of America caught up to Rubino and issued a warning about a “US dollar death spiral” because the federal government was going deeper in the red by […]
Record Global Debt: A Ticking Time Bomb for the World Economy
Record Global Debt: A Ticking Time Bomb for the World Economy The relentless increase in global debt is an enormous problem for the economy. Public deficits are neither reserves for the private sector nor a tool for growth. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing […]
The Era of Easy Money Ruined Us
The Era of Easy Money Ruined Us The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris. We have yet to reach a full reckoning of the consequences of the era of easy money, but it’s abundantly clear that […]
A Renewable Energy Future Will Collapse the Financial System
A Renewable Energy Future Will Collapse the Financial System Energy is the economy. That’s a radical concept because most people think that the economy runs on money. It doesn’t. What is energy? It is the potential or capacity to do work. The economy runs on work. That’s why energy is the economy. That’s simple. What […]
“Worried About Next Two Months”: Solar Firms Running Out Of Cash In California
“Worried About Next Two Months”: Solar Firms Running Out Of Cash In California The solar industry in California is facing significant headwinds following the implementation of a new policy in April, which reduced incentives that had encouraged homeowners to install solar systems. Bloomberg reports the California Solar & Storage Association has found about 63% of its 400 solar […]
US Debt Hits A Record $34.001 Trillion
US Debt Hits A Record $34.001 Trillion The US Treasury has a morbid habit of revealing big, round numbers of debt around major calendar milestones, and the new 2024 year was no different because according to the latest Treasury Daily Statement published after the close today and reflecting the US Treasury’s financial statements as of […]
Everyone Loves a Generous Government Until They Have to Pay For It
Everyone Loves a Generous Government Until They Have to Pay For It Not only does everyone love getting “free money” from the state, they also love hearing the fantasy repeated endlessly that debts are no problem. Governments, like individuals, can spend liberally with great generosity, or they can be frugal. Everyone receiving government money loves the […]
The Great Taking: The Latest “Anti-Mainstream” Conspiracy
The Great Taking: The Latest “Anti-Mainstream” Conspiracy A new book has exploded on the alternative / conspiracy / fringe landscape over the past few weeks – I don’t mean that in a derogatory sense. Zerohedge, Bombthrower Media, et al, we all occupy this space. Let’s call it, “anti-mainstream”. The book is called “The Great Taking” […]
