What Will Happen Next?

Change is inevitable. Political, social and economic change is often the result of crisis. We examine how our nation and world might change as a result of the crisis

Inflation is Severely Understated

If you repeat something completely inane enough times, do people, even economic writers, believe it? Please consider the Bloomberg article Price Slowdown for Cars, Baby Clothes Raises Fed Concerns. Five years into the U.S. economic expansion, inflation shows little sign of picking up as prices rise more slowly for goods and services from automobiles to […]

Central Bankers Must Lie

Everywhere, from Great Britain to America and Japan; from Nigeria to India and Europe, central bankers have become the first, second, third and last line of defense for almost every economic problem that arises. In Japan, the central bank has been ordered to print money until deflation is finally exorcised. Shinzo Abe’s second and third […]

Global Water Shortages Pose Threat of War

On January 17, scientists downloaded data from a pair of NASA satellites and distributed the findings among the small group of researchers who track the world’s water reserves. At the University of California Irvine, hydrologist James Famiglietti looked over the data from the gravity-sensing Grace satellites with a rising sense of dread. The data, released […]

Peak “Cheap” Oil: Shale Oil Proves Peak Oil Is Indeed Upon Us

We have been skeptical of the many claims being made by the media about how a new energy bonanza is going to overtake the U.S. and eventually the world. The subject is the new shale formations in both natural gas and oil. While these oil and gas plays are in some cases extraordinary, and the […]

Looting the Pension Funds

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We’ve written about the challenges facing public and private pension plans several times. Matt Taibbi has published a wide ranging and in-depth analysis of the catastrophe waiting for unsuspecting future pensioners. We really enjoy Taibbi’s work. He isn’t afraid to call out the perpetrators no matter who they may be. Consider Goldman Sachs – The […]