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Olduvai III: Catacylsm
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Scientists Conclude Dire Climate Change Models Were Wrong, Now What?

Scientists Conclude Dire Climate Change Models Were Wrong, Now What? Scientists admit they did not model clouds accurately and that they need a supercomputer 1000 times more powerful to accurately do that. Bryce Canyon National Park, Utah, image by Mish, quote by Judy Collins Climate Change Modeling Meets Limits of Science  The Wall Street Journal […]

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Fed Warns of High Downside Risks

Fed Warns of High Downside Risks In its semiannual monetary report to the Senate Finance Committee the Fed warns of six downside risks. The risks are not spread evenly. Low wage earners and small businesses are particularly vulnerable. Please consider the Fed’s Monetary Policy Report to the Senate Committee on Banking, Housing, and Urban Affairs and to […]

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Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious

Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the […]

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Time to Panic in Australia

Time to Panic in Australia Australians’ private debt has soared to 187 per cent of their income. Debt is up from about 70 per cent in the early 1990s. The jobless rate rose for the second straight month in December to 5.8 per cent, and underemployment, the number of workers wanting more hours, is near an […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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