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My Comments: There are those who believe it's different this time. They are mystified some of us suggest the rules that govern economic activity are still valid. What is different is the current pandemic. It has the potential to kill you, especially if you're among the older cohort. Meanwhile we're looking at climate change, more …
Continue reading The Next Global Depression Is Coming and Optimism Won’t Slow It Down
My Comments: Please note this chart appeared four years ago in 2016. I share it here to create a context for us to consider as we struggle with the pandemic and the effect it's going to have on our economy and our way of life. We've become very accustomed to what might be called "the …
Continue reading The most important chart in economic history
My Comments: Two things of note before you get too far into this post. One is that I distrust assertions that "...this time it's really different". Too often it proves to be wrong. This time it may be right. Two is that I'm scaling back my efforts to present a blog post every weekday. I've …
My Comments: In earlier post's you've seen remarks from Scott Minerd, someone whose insights and judgements I've followed for years. As usual, he has some insightful comments about the current economy and how it might evolve going forward. I'll leave it to you to decide if he's right, but it's my firm belief he's not …
My Comments: As per a geo-strategist I used follow until he stopped delivering daily posts, Dr. Thomas P. M. Barnet, the US was poised to continue it's role as the most secure food source on the planet. We've long been aware of populations across the globe with serious hunger issues, sometimes extreme hunger. It might …
My Comments: If you're like us, you enjoy a pleasant evening from time to time at a local restaurant. And if you're like us, that's not happened for the past several weeks, because they're temporarily closed and we're instructed to stay at home. The longer this CV pandemic lasts, the more likely our favorite restaurants …
My Comments: Parallels are being drawn between the economic disaster now unfolding with other financial crises in the past. Some say it'll be over soon and others suggest the effects will last for decades. The writer below talks about this "recession" being a V shape recession. That translates to one where the downstroke is sharply …
A few years ago, I became aware that once every 70 - 90 years here in the US, we’ve experienced a dramatic social upheaval. Society gets completely turned on it’s head and societal norms get re-evaluated. Each time it happened, we remain the same nation but find ourselves in a new framework. It’s happening again. …
Robert Reich, the Secretary of Labor from 1993 to 1997, is a well known liberal economist and lawyer. He brought to my attention yesterday, moves being taken by the current administration in support of American industries. I’m of mixed mind about what’s being proposed. Yes, it’s true that right now the US economy is headed …
My Comments: By now most of us are feeling shut in and wondering if this chaos is ever going to end. And by that I mean not only the virus part but the political part as well. Talk about bottomless pits. Meanwhile, the stock and bond markets have tanked, many people are freaking out, with …
