Tag «Europe»

Conspiracy theories or conspiracy facts?

American writer Tracy Kidder points out: “In order to go on with our lives, we are always capable of making the ominous into the merely strange.” We ignore ominous warning signs at our own peril. But ignore them we will, and have. And we continue to call them strange, thus attempting to build a protective …

Reality bites

The BRICS are making their move to shove aside the U.S. dollar (although their own troubles might interfere). The dollar dump is particularly timely in light of recent recognition that U.S. credit verges on junk status, and rates lower than Mexico and several other countries with relatively small industrial economies. And, as pointed out by …

Do the media get it, or not?

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.

Endgame for the world economy?

Cheap oil allowed the construction of suburbia. Cheap oil allowed us to use our houses as ATMs. Cheap oil allowed the banks to borrow money inexpensively and lend it slightly more expensively (but it was still cheap). Cheap oil allowed economic growth.
Those days are behind us.