Authored by Gail Tverberg via Our Finite World blog,
The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without too many adverse consequences to particular members of the world economy. We represent this need for growth of the world economy as being similar to making a jet airplane fly at ever-higher altitudes.
The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today's critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in Asia while bonds and gold advanced. The equity retreat, which spread to U.S. stock futures, started with last night's sharp puke in Chinese commodities.
Authored by Adam Taggart via PeakProsperity.com,
The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.
But it faces a massive predicament: It’s running out of resources.
Authored by Cyril Widdershoven via OilPrice.com,
The geopolitical reality in the Middle East is changing dramatically.
The impact of the Arab Spring, the retraction of the U.S. military, and diminishing economic influence on the Arab world - as displayed during the Obama Administration - are facts.
Authored by Gail Tverberg via Our Finite World blog,
Most of us are familiar with the Politically Correct (PC) World View. William Deresiewicz describes the view, which he calls the “religion of success,” as follows: