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…
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…
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…
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…
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…
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…
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,…