If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with all five conditions in
The swarm of out-of-touch, self-anointed elites who celebrate their own thoughts at Davos, Switzerland, each year have finished their annual schmooze about how they would
The Everything Bubble started popping about a year ago—but now people are starting to notice that lots of these stocks are down not just down
The sooner we start preparing for degrowth, the better off we’ll be. A Chinese proverb captures this succinctly: By the time you’re thirsty, it’s too
We have been waiting for the nightmarish global food crisis that so many have warned us about, but we don’t have to wait for it
“I think this recession is going to be worse than the Great Recession that started following the 2008 financial crisis…. Inflation is actually going to
During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come?
The government is making money cheaper to maintain electoral support, leading to a dispersal of demand and a proliferation of zombie companies, distorting the incentives
Look to your own churning gut as one of the passengers on this rocking and rolling ship to see if you don’t have that sinking
Wall Street still hopes the Fed put is nigh. But Chair Powell finally understands record-high inflation must be broken. Therefore, the Fed has been forced
I underestimated the status quo’s ability to kick the can down the road for a decade. The motivation to kick the can down the road
There are some who have suggested “stagflation” is a good description of current economic conditions, but the truth is we are facing something so much
The Global Bubble, several decades in the making, is in the process of bursting. A new cycle is emerging, replete with extraordinary uncertainties. Acute instability
No energy = no economy. It’s a very simple equation really, and one that is easily intuited. But somehow, we have unserious people making unserious
When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I
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