Tag Archive | "economic growth"
Unwinding
If Ben Bernanke and the fools at the Fed actually thought the industrial economy was recovering, they'd jack up interest rates. When the prime rate is up around 5%, you'll know the industrial economy is back on track. Alternatively, you can monitor the extinction rate of non-human species.
Continue reading...The recession is dead … long live the recession!
Thursday, October 29, 2009
The world's first peak-oil recession has come to a close, according to third-quarter numbers invented by the federal government. Apparently flooding big banks, insurance companies, and automobile manufacturers with fiat currency interrupted the plummeting descent of American Empire. The stock markets skyrocketed expectedly. Predictably, so did the commodities markets.
Continue reading...Abandoning a dream
Wednesday, October 21, 2009
I was among the final baby boomers born in the United States. Along with my entire generation, I owe the world an apology. My generation abandoned a worthy dream, and it will cost all of us, but nobody more than civilized members of industrial society.
Continue reading...Rally time
Thursday, August 27, 2009
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...A typical reaction
Sunday, August 23, 2009
Occasionally when people talk to me about my new life in and around the mud hut, their conclusions include one of the following statements: (1) You're selfishly wasting your talent as an excellent and inspiring teacher. You should be teaching at the university, saving students, instead of preparing for economic collapse. (2) Don't be silly. The United States cannot suffer economic collapse. My responses go something like this:
Continue reading...Problem solved!
Tuesday, December 16, 2008
Here's the agenda, to be completed within a year or two: (1) find, develop, and distribute an energy source too cheap to meter, and (2) overcome evolution.
Continue reading...Change we can believe in
Sunday, November 30, 2008
All the wishful thinking in the country can't resurrect a long-dead corpse. By the time president-elect Obama takes the oath of office, he'll have all the power of a quadriplegic EMT without a medical kit, much less a resuscitation device. And he'll be staring at a patient with a DNR order, courtesy of a lethal combination of inevitable geology and abysmal policy.
Continue reading...Change has come
Wednesday, November 5, 2008
As waves of red ink from the Overdraft Ocean lap at the shores of The Check(book) Republic, the cry goes out: The economy must grow.
Continue reading...A tiger’s tale
Monday, June 16, 2008
The Celtic Tiger is wilting under the pressure of rising energy prices. But in Ireland, as in the United States, it's politricks as usual: The government is shielding the sheeple from reality, frantically building airport runways and expanding the country's highway system to maintain the illusion of the status quo.
Continue reading...
Tuesday, November 3, 2009
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