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The Unavoidable Crash
Spencer Platt/Getty Images The Unavoidable Crash After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do […]
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter? How about 100 percent? Unfortunately, these kinds of price increases are already being announced. The world was heading […]
Pandemic Pandemania Causes Global Economic Crisis
Pandemic Pandemania Causes Global Economic Crisis Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to […]
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal […]
The Next Economic Crisis and the Looming Post-Multipolar System
The Next Economic Crisis and the Looming Post-Multipolar System The Impending Crisis At one time, specifically during the post-World War 2 Bretton Woods era, it looked like as if the capitalist model could be indefinitely sustainable and avoid plunging the world into major world conflicts. That era began to come to an end during the […]
As The Perfect Storm Approaches, Most Americans Are Partying Instead Of Preparing
As The Perfect Storm Approaches, Most Americans Are Partying Instead Of Preparing I can’t think of a time when Americans were more apathetic about getting prepared, and yet this is exactly the time when the urgency to get prepared should be at the highest. Earlier today, my wife Meranda and I were discussing the fact […]
The Bubble’s Losing Air. Get Ready for a Crisis
The Bubble’s Losing Air. Get Ready for a Crisis Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained. Not much to do once it pops. Photographer: Spencer Platt/Getty Images Satyajit Das is a former banker, whom Bloomberg named one of the world’s 50 most influential financial […]
From Economic Crisis to World War III
Andrew Lichtenstein/Corbis via Getty Images From Economic Crisis to World War III The response to the 2008 economic crisis has relied far too much on monetary stimulus, in the form of quantitative easing and near-zero (or even negative) interest rates, and included far too little structural reform. This means that the next crisis could come […]
The Establishment Must Undermine Alternative Economists As Crisis Unfolds
The Establishment Must Undermine Alternative Economists As Crisis Unfolds There is a notion within the mainstream media that certain economic indicators are unassailable; they never stop being reliable. The way they look at and report on the system is rather outdated and extremely limited in scope; showcasing and cherry picking only net-positive statistics, even if […]
Bernanke, Geithner and Paulson Still Don’t Have a Clue About the Financial Crisis
Bernanke, Geithner and Paulson Still Don’t Have a Clue About the Financial Crisis NYT readers were no doubt disturbed to see a column in which former Fed Reserve Board chair Ben Bernanke, Obama Treasury Secretary Timothy Geithner, and Bush Treasury Secretary Henry Paulson patted themselves on the back for their performance in the financial crisis. […]
Economic Crisis Looms In Iran As Sanctions Bite
Economic Crisis Looms In Iran As Sanctions Bite In a little over two months, painful U.S. sanctions on Iran’s oil sector will take effect, but the Iranian economy is already showing signs of strain. Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving […]
Greece Economic Crisis Declared Over: It Isn’t
Greece Economic Crisis Declared Over: It Isn’t Mainstream media is all aglow over the alleged end of the Greek economic crisis. Mainstream media is wrong. RTE says Greece Crisis Declared ‘Over’ as Eurozone Agrees on Debt Relief The BBC says Greece Hails ‘Historic’ Debt Relief Deal The Financial Times says EU Commissioner Calls End to […]
Crash & Burn & the Sixth Wave
Crash & Burn & the Sixth Wave QUESTION: Martin, as all members do, I really do thank you and appreciate you for your knowledge and insight. I am a business owner – Real Water and do approximately $10 million in annual sales right now. As a concerned citizen, I have also run for political office and […]
Hidden No More, The Currency Wars Take Center Stage
Hidden No More, The Currency Wars Take Center Stage The market stands on a sinkhole, waiting for the next feather to drop. A feather that will bring down the system and send us into another economic crisis that will make the 2008 crash look like an opening act. For years, I and many others within […]