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Olduvai III: Catacylsm
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What’s up with the global economy, and where do we go from here?

What’s up with the global economy, and where do we go from here? A deflationary spiral, such as is now becoming evident globally, acts as a natural poison. It now appears that the grand yearly addition to total human wealth, the global GNP, is no longer growing. If so, this means the world is headed […]

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Economic Stagnation And The Global Bubble

Economic Stagnation And The Global Bubble You’d think with all the “stimulus” from Washington over the fifteen years since the dotcom bust, American capitalism would be booming. It’s not. On the measures which count when it comes to sustainable growth and real wealth creation, the trends are slipping backwards — not leaping higher. After a […]

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“If It Looks Like A Duck” – The Man In The Moon: Part 2

“If It Looks Like A Duck” – The Man In The Moon: Part 2 In part 2 of the “Man in the Moon” series we look at Paul Volcker’s roundtrip – monetary policies and their impacts from 1971 through the Great Leveraging to today. Part 1 can be found here. If it Looks Like a Duck… […]

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Our Social Depression

Our Social Depression This erosion of opportunities to complete life’s stages and core dramas is rarely recognized, much less addressed. The consequences of economic stagnation are not limited to finance: stagnation is causing a social depression. We can best understand this social depression by examining how the natural stages of human life are being disrupted. Each stage has […]

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oftwominds-Charles Hugh Smith: We Just Enjoyed the Last Christmas in America

oftwominds-Charles Hugh Smith: We Just Enjoyed the Last Christmas in America. The end of rising wages = the end of mass affluence: we just enjoyed the Last Christmas in America (TLCIA). As unemployment topped 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America. (TLCIA) The government responded to the high […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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