RSS

Tag Archive | "Dow Jones Industrial Average"

Politically viable solutions for peak oil and global climate change

Saturday, January 9, 2010

18 Comments

As I’ve written and said many times, I see no politically viable solutions to peak oil or global climate change. There is simply no way to tell the masses the truth about economic contraction and then get re-elected. Ditto for declining accessibility to fossil fuels even as the human population continues to grow, with every [...]

Continue reading...

Is terminating the industrial economy a moral act?

Monday, December 14, 2009

22 Comments

People often accuse me of inappropriate behavior because I propose bringing down the industrial economy. Interestingly, nobody seems too concerned about the morality of the big banks as they devise ways to profit from economic collapse (to be fair, some are advising their clients how to profit, too, from a collapse they foresee within two [...]

Continue reading...

Rally time

Thursday, August 27, 2009

2 Comments

It's rally time on Wall Street. The Dow Jones Industrial Average eked out a positive day for the eighth day in a row to hit a year-long high amidst the longest streak since April of 2007. Before you get too excited about this bit of green-shoots news from the boys on murderer's row, let's consider the cause and consequences.

Continue reading...

Capitulation draws near

Tuesday, February 17, 2009

24 Comments

I never cease to be amazed by the number of people, on this blog and elsewhere, who believe the supply of oil is infinite, and the similar number who believe we'll innovate, conserve, or organize our way out of our oil addiction. I use "believe" intentionally, because there's no evidence of any thinking going on. If there were is evidence to support the notion we'll get through the year without capitulation of the Dow, please bring it forward, and soon.

Continue reading...

Business Party II slithers by Business Party I

Tuesday, February 3, 2009

39 Comments

Damn the torpedoes. It's full steam ahead for the idea of economic growth, even though Obama surely knows the days of economic growth are behind us.

Continue reading...

Limits to growth

Thursday, January 29, 2009

16 Comments

We're due for a massive correction with respect to our hallucinatory economy and our bloated population. Because we've run out of inexpensive energy, we've reached the end of economic growth. We might be at the end of global population growth, too. If not today or tomorrow, the day is fast upon us. Within a few years, the global human population will shrink by eighty percent or so. When it does, the alleviation of oppression will be profound, with respect to the rest of the world.

Continue reading...

Three peas in a pod: Osama bin Laden, Rush Limbaugh, and me

Tuesday, January 27, 2009

15 Comments

For the first time in my memory, we have a major media figure pining for the failure of a president, and therefore the country. And, also for the first time in my memory, I agree with Rush. The economic collapse of this country promises a renaissance for non-human species and non-industrial cultures.

Continue reading...

Marauding hordes require organization

Monday, December 29, 2008

9 Comments

Will we transform immediately and totally into ill-behaved rats, clustered in a cage without food? Perhaps, at least in the cages known as cities, particularly when the food runs out, along with the water. But people in the "tribes" known as neighborhoods and communities will try to get along, at least for a while, at least while we're all suffering more-or-less equally. Small communities will be particularly well-suited for the hard times ahead. The neighborhoods of suburbia, on the other hand, are particularly poorly suited for neighborly behavior of the Mr. Rogers kind. Indeed, sprawling American suburbs seem to have been designed specifically for anonymity and therefore uncaring, unfriendly neighbors.

Continue reading...

Do the media get it, or not?

Wednesday, October 29, 2008

6 Comments

It seems neither the Fed nor the Treasury Department cannot stop sunshine with an umbrella, much less interrupt the relentless tsunami of dire economic news.

Continue reading...