Blog Archives

Analysis: From chips to ships, shortages are making inflation stick | Reuters

Editorial Comment – Hmm, print historically unprecedented amounts of fiat currency then prices rise and stay there…who could have seen this coming? 😉 Soaring gas prices, staff shortages, a lack of ships — price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory. — Read on www.reuters.com/article/global-markets-inflation/analysis-from-chips-to-ships-shortages-are-making-inflation-stick-idUSL8N2QV1GH

Energy Is the Economy; Shrinkage in Energy Supply Leads to Conflict | Our Finite World

Energy consumption underlies all aspects of GDP. COVID restrictions reduce energy consumption and thus GDP. History since 1820 shows low growth in energy consumption leads to war, depressions, and overturned government. Gail Tverberg’s forecast of energy consumption to 2050 is concerning. — Read on ourfiniteworld.com/2020/11/09/energy-is-the-economy-shrinkage-in-energy-supply-leads-to-conflict/

A Depression-Era Idea Gets a New Look: Local Money – Bloomberg

Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief. Source: A Depression-Era Idea Gets a New Look: Local Money – Bloomberg

America, we have a problem

Money isn’t distributed equally enough in America anymore, and it’s getting worse, faster. Those living on minimum wage are earning 38% less, adjusted for inflation, compared to their counterparts 50 years ago. What gives? — Read on finance.yahoo.com/news/america-we-have-a-problem-115714416.html

Economic ‘Doom Loops’ Get Harder to Avoid in 2020s

The world’s advanced economies are trying to keep their balance on an unstable platform of high consumption, asset prices and household debt as we enter the 2020s. Any significant shock or increase in volatility could trigger “doom loops” that compromise the economic and financial systems.  — Read on finance.yahoo.com/news/economic-doom-loops-harder-avoid-000035999.html

The Superrich Are Selling Stocks, Buying Properties and Keeping Cash Ready – Barron’s

Want to know what to do when the economy starts to decline? Take a look at what the superrich are doing and plan accordingly. Source: The Superrich Are Selling Stocks, Buying Properties and Keeping Cash Ready – Barron’s

Regime Change For the Fed — Honest Rates

James Grant was one of three recipients of the 2019 Bradley Prize. Roger Kimball and Judge Janice Rogers Brown were likewise honored. At the May 7 award ceremonies at Washington, the famed editor of Grant’s Interest Rate Observer had this to say: * — Read on www.nysun.com/national/regime-change-for-the-fed-and-honest-rates/90694/

Emerging Markets’ Oil Shock is Here

Brent crude recently hit $85 a barrel on its way higher, possibly towards $100, a level some analysts expect by the end of the year. Although it is still a long way from the 2008 record of $147.50, prices in emerging market currencies, which have strongly devalued against the US dollar, are already exceeding the […]