Tag «Dow Jones Industrial Average»

Couchsurfing with my soapbox

My recent foray to Wisconsin and Michigan had me staying five different homes, hence sleeping in five different beds and eating at many different tables. It was quite an exciting adventure, spent with wide-awake people, and I hope to repeat the experience as many times as the industrial economy allows. I’ve embedded one of the …

The race is on

Everywhere I turn, I read and hear about $200 oil in the near future (here’s one recent example, from somebody who should know better, here’s another from hyperinflation guru Gonzalo Lira, and here’s another from historian Niall Ferguson. Investors are being sucked in, too, and at least one pundit fool has jumped the shark, calling …

A presentation with audio and another about bioenergy

Two presentations follow. The first focuses on the twin sides of the fossil fuel coin and what we can do about it, as presented in Louisville, Kentucky earlier this week. It’s similar to many presentations I’ve given recently and it includes an audio file, so you can follow along with the slides. The second was …

Balloon seeks pin

I speak openly about myriad ongoing collapses, regardless how others respond. Among the costs: Rumors of my insanity have spread beyond the institution I departed and throughout the nation’s hallowed halls. Apparently I’ve contracted a rare disease, which explains the insanity. I can only hope (i.e., wish) it’s not fatal. Further evidence I’ve lost my …

Economic and environmental consequences of expensive oil

What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, …

Teetering

The industrial economy, that is. On the brink, yet again. The real economy — not the born-again exuberance in the world’s stock markets — is stalling as the effects of easy money wear off. Indeed, investor fund flows haven’t been this bad since Lehmann Brothers collapsed in the autumn of 2008. The IMF says risks …

We didn’t start the fire

Actually, to counter singer/songwriter Billy Joel, we did start this FIRE. Not you and me, of course, but our culture. The U.S. industrial economy is all about Finance, Insurance, and Real Estate. The FIRE is about to run its course, extinguished by the absence of fuel in each of those interconnected sectors. The financial sector …