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The Advanced Economies are headed for a downfall
The Advanced Economies are headed for a downfall It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works. Figure 1. Three-year average GDP growth rates for Advanced Economies based on data […]
The Biggest Risks of This Decade
The Biggest Risks of This Decade Since the 2020 pandemic, many things have changed, but nothing more than geopolitics. Wars and clashes that used to be largely national have given way to more regional conflicts that threaten to upend the current world order. The Ukraine War and Israel-Iran conflicts have the potential to lead to […]
Economy Plunges into Stagflation with Both Feet
Economy Plunges into Stagflation with Both Feet Talk about a one-two-three punch to the ground! Stagflation came in perfectly on target for The Daily Doom’s predictions today. Real GDP is now falling much harder than was expected yesterday by two-faced Jamie Dimon when he spoke out of his second face, saying the economy is “booming,” backed by “healthy consumer finances.” He […]
Expect Big Negative Revisions to BLS Monthly Jobs in 2023, GDP Too
Expect Big Negative Revisions to BLS Monthly Jobs in 2023, GDP Too Yesterday, the BLS released a little-read jobs report that shows reported jobs in 2023 may be wildly overstated. In turn, that means GDP is likely overstated as well. Business Employment Dynamics (BED) data and and Monthly Job Data both from the BLS, chart […]
The Great Growth Hoax
The Great Growth Hoax For several days, ever since the supposedly amazing GDP report from quarter four 2023, we’ve been blasted by the media about how great the economy is doing. It’s exasperating because these claims do not fit with human experience. Last we heard from the Census Bureau, real income is down, and no […]
Financing the End of Modernity
Financing the End of Modernity How financialization heralds the end of the industrial age That didn’t worked out as intended… Who would’ve thought? Photo by micheile henderson on Unsplash Western neoliberal economies are on the brink of a steep economic decline. Barring an energy / productivity miracle a prolonged and deep recession is clearly on the horizon. While […]
The Green Growth Delusion
THE GREEN GROWTH DELUSION Advocates of “Green Growth” promise a painless transition to a post-carbon future. But what if the limits of renewable energy require sacrificing consumption as a way of life?A tree is surrounded by solar panels in Los Arcos, Spain, on Feb. 24, 2023. (AP Photo/Alvaro Barrientos, File) In the annals of industrial […]
Are You the Collateral Damage of Central Planners?
Are You the Collateral Damage of Central Planners? The Conference Board – a nonprofit think tank that delivers cutting edge research – recently published its latest Leading Economic Index (LEI) for the United States. The findings were a giant bummer. In December, the LEI dropped for the tenth consecutive month. The LEI, if you’re unfamiliar with it, […]
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
Poland’s central bank predicts double-digit inflation until 2024
Poland’s central bank predicts double-digit inflation until 2024 (Natural News) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation for the next two years. According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will […]
This Implosion Will Be Fast–Hold Onto Your Seats
THIS IMPLOSION WILL BE FAST – HOLD ONTO YOUR SEATS The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late. The massive money creation by central and […]
The devil is in the detail
The devil is in the detail If you get your news from the BBC, you might be forgiven for thinking that the economic hit from the pandemic lockdowns and restrictions has come to an end. Indeed, if you merely skim through the headlines in your social media feed, you might believe that the UK is […]
Degrowth economy: The climate solution no one is talking about
Degrowth economy: The climate solution no one is talking about For all the talk of renewable energy, electric vehicles and plant-based diets, there’s a gaping hole in the way we’re trying to solve accelerating climate change. We will not stay below 2°C of warming while pursuing economic growth — yet barely anyone talks about it. […]
#220. The human factor
#220. The human factor CONTINUITY, CONTRACTION OR COLLAPSE Over an extended period, but with growing intensity in recent times, there has been a discussion, here and elsewhere, about whether we can prevent economic contraction from turning into collapse. This is part of a broader debate in which every point of view seems to begin with the letter C. The […]
