“A debt crisis is coming. This time won’t be different.”
We don’t know when and we don’t know how. We can’t estimate the impact. But the Sword of Damocles hangs over us all, and that…
Category: Economics
Sorry, but warm weather
We’ve had over a week of unseasonably warm weather, along with a couple of migraines, here in Freeholdland, so I’ve been outside working myself into…
Something has gone wild
Remember the commercials for the “Girls Gone Wild” videos? You were promised all these nubile young things doing all sorts of questionable activities. It turned…
Distilling it down
I spend an inordinate amount of time listening to podcasts. It’s a great way to multi-task. Mowing the yard? Listen to a podcast. Driving to…
It’s just our economy-no biggie
I’m catching up on some reading this afternoon. This excellent piece on how our economy is being squeezed to death was on John Wilder’s place.…
Oh, my aching inflation
I was poking around the economics sites on my list after this article on Zero Hedge, and I found this on ShadowStats. Folks, that’s 15%…
Not feeling it today
Or one could say that I am feeling it, with “it” being a migraine. Since I can’t really concentrate enough to write something that makes…
It’s a sickness, I’m tellin’ ya!
Zenith Transoceanic, Model B600 Yes, I should be putting the money into something useful, like ammo. If there were any. I justify it as an(other)…
Will it be called the Wuflu Recession?
Or the Kung Flu recession? Really, we should get in front of this and come up with a catchy name, because it’s probably going to…
More Calpocolypse
From blancolirio Global Headquarters, the latest on the California blackouts. Note the economic damage that is starting to add up. You’d almost think there was…
ZeroHedge misses it
(I originally posted a version of this on Gab.) “Ermagerd, personal spending rose highest on recreational vehicles!” That flapping sound you hear is Chicken Little’s…
The Triffin dilemma
(Via James Howard Kunstler) Why the US balance of accounts stubbornly stays out of balance. There are constant rumblings that China et al want to…
Going to Hell in the handbasket of one’s choosing
Kevin at The Smallest Minority had a link to Sarah Hoyt’s piece “The Right To Go To Hell”. It’s interesting and insightful, and I suggest…
A note on the media
The AP is blubbering about the death of small town newspapers. I think newspapers, small town and otherwise, are being killed by two major factors.…
Indicators! We got indicators!
As I mentioned in yesterday’s post, I think it’s a good idea to have a list of economic indicators that you keep up with. It…
Indicators for the Real World
Often, there are indicators or warning signs before “something” happens. Sometimes they are unrecognized and sometimes they are misinterpreted. Sometimes they are ignored. The US…
Cheery news for those retired or anticipating retirement
No matter what country you live in, if you are retired, are anticipating retirement or are planning for retirement, your government is out to be…
Economic geekery
John Mauldin makes a point that Gross Output may be a better indicator of economic growth than Gross Domestic Product. And no, we really aren’t…
Fair warning–savers will not be spared
Time for more economic bad news. So you are one of those hopelessly boring folks who “did it right”. You didn’t buy more house than…
Aaaaand…they’re gone.
As good as their word, Magpul Industries is bailing out of Colorado for Texas and Wyoming. Colorado is going to take an $85 million dollar…
How is our economy like a sand pile?
Because either can collapse in the most unpredictable of manners. John Mauldin addresses the critical state and fingers of disequilibrium and how those concepts apply…
Warning: Another Cyprus likely to occur soon
(Via SurvivalBlog) The International Monetary Fund, that paragon of fiscal virtue, thinks that Spain may be all but bankrupt. Here’s the link–96 pages of dense…
That’s not a hair cut
(Via the Drudge Report) That’s a beheading. Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the…
“…the foundation of American society is at risk…”
In which the GI Bill, Interstate Highways and corporate reengineering conspire to eliminate the middle class. Interesting read.