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Globalization is Poverty
Globalization is Poverty Marc Riboud Zazou, painter of the EIffel Tower 1953Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy […]
Productivity and Debt
Productivity and Debt William Blake Europe Supported by Africa and America 1796 Earlier this week I was struck by the similarities and differences between two graphs I saw float by. And the thought occurred that they are as scary as they are interesting. The graphs show eerily similar trends. And complement each other. The first […]
James Howard Kunstler: The World’s Greatest Misallocation Of Resources
James Howard Kunstler: The World’s Greatest Misallocation Of Resources And why we appear poised to repeat it James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration […]
Canada’s Goods Producing Sector Caves
Canada’s Goods Producing Sector Caves Exports get blamed, despite the crushed loonie. Many countries, including the US, report GDP on a quarterly basis. Canada reports on a monthly basis. So today Statistics Canada reported GDP for October. What’s disconcerting isn’t so much that GDP fell 0.3% on a monthly basis – these things happen – though it […]
Is Globalization Really Fueling Populism?
Is Globalization Really Fueling Populism? BRUSSELS – On both sides of the Atlantic, populism of the left and the right is on the rise. Its most visible standard-bearer in the United States is Donald Trump, the Republican Party’s presumptive presidential nominee. In Europe, there are many strands – from Spain’s leftist Podemos party to France’s right-wing […]
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that […]
Is This the Beginning of the Next Recession?
Is This the Beginning of the Next Recession? “Significant risk” of “falling into contraction” with “worse to come.” The US economy is largely service based. So when the “manufacturing renaissance” and “on-shoring” that everyone had been waiting for turned into no-shows, and when instead manufacturing started slowing in early 2015, it was no big deal, […]
China’s Hard Landing Suddenly Gets a Lot Rougher
China’s Hard Landing Suddenly Gets a Lot Rougher This has become a sign of the times: Foxconn, with 1.3 million employees the world’s largest contract electronics manufacturer, making gadgets for Apple and many others, and with mega-production facilities in China, inked a memorandum of understanding on Saturday under which it would invest $5 billion over the next five […]
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis It’s also happening in the US, but it’s much worse in Canada. In the US, May industrial production dropped “unexpectedly,” as it was roundly called on Monday, by 0.2%, according to the Federal Reserve. The index value has now dropped from month to month since December, […]
The Apex of Industrialism:Manufactured Fake Shit
The Apex of Industrialism: Manufactured Fake Shit The Dr. Pooper Papers, Issue #2: While it would be nice to think that in times before the industrial era that farming was a wholly benevolent practice, the truth of the matter is that similar to today, agriculture actually began with annual monocultures. Nonetheless, there did emerge over […]
Chinese Company Moves to Replace 90% of its Workforce with Robots
Chinese Company Moves to Replace 90% of its Workforce with Robots I’m not one of those people who thinks robots taking over menial labor from human employees is a bad thing. On the contrary, I think such a displacement could ultimately prove very positive for the species. Nevertheless, the short-term pain and suffering that this could […]
We Now Live in a “Pimpocracy”
We Now Live in a “Pimpocracy” Shabby Immensity Today, we continue mouth wide open … staggered by the shabby immensity of it … a tear forming in the corner of our eye. Yes, we are looking at how the US economy, money and government have changed since President Nixon ended the gold-backed monetary system in […]
Manufacturing Hit by Oil-Price Plunge? Southeast Worst Since Financial Crisis
Manufacturing Hit by Oil-Price Plunge? Southeast Worst Since Financial Crisis Atlanta Fed suspects oil bust, strong dollar. Despite President Obama’s emphatic assurances in the State of the Union Address that “our economy is growing and creating jobs at the fastest pace since 1999,” there have recently been some uncomfortable squiggles, so to speak. The collapse in […]
