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Olduvai III: Catacylsm
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Putin’s energy shock is becoming a world food crisis. Brace for rationing.

Putin’s energy shock is becoming a world food crisis. Brace for rationing. The world was facing a grain supply crunch even before Putin’s invasion of Ukraine. The United Nations food price index was already higher in real terms than at the height of the global hunger crisis a decade ago, when Tunisian bread protests set […]

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‘Perfect storm’: Global financial system showing danger signs, says senior OECD economist

‘Perfect storm’: Global financial system showing danger signs, says senior OECD economist The world financial system is as dangerously stretched today as it was at the peak of the last bubble but this time the authorities are caught in a “policy trap” with few defences left, a veteran central banker has warned. Nine years of […]

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World faces wave of epic debt defaults, fears central bank veteran

World faces wave of epic debt defaults, fears central bank veteran Exclusive: Situation worse than it was in 2007, says chairman of the OECD’s review committee The next task awaiting the global authorities is how to manage debt write-offs without setting off a political storm Photo: Rex The global financial system has become dangerously unstable and […]

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Europe is blowing itself apart over Greece – and nobody seems able to stop it

Europe is blowing itself apart over Greece – and nobody seems able to stop it Prime Minister Alexis Tsipras never expected to win Sunday’s referendum. He is now trapped and hurtling towards Grexit Like a tragedy from Euripides, the long struggle between Greece and Europe’s creditor powers is reaching a cataclysmic end that nobody planned, […]

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Sucking Spoilt Milk From A Bloated Dead Sow

Sucking Spoilt Milk From A Bloated Dead Sow With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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