Category Archives: Doomsday scenarios

Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess

A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.

Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services

The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?

Major General Dennis Laich: Pentagon Needs a Bad Guy

Retired General Dennis Laich gives some insight into America’s permanent war policy.

What Will the Real American Resistance Look Like — Chaotic Rebellion or Organized General Strikes?

As lower and middle income Americans slide into dire straits thanks to Covid-19, political pressure is building. But are Americans capable of rebellion?

Universal Testing: An Overlooked Covid-19 Policy Response

Why universal testing + isolation is the best way to tame Covid-19 at the lowest economic/societal cost.

Mauritius Oil Spill Tragedy

Some photos and commentary from Mauritius, whose oil spill is a major ecological disaser.

Wolf Richter: No, Americans Aren’t Suddenly Flying Again, Despite What the Media Said Today to Boost Stocks of Airlines and Boeing

Americans are eschewing flying in response to the COVID-19 pandemic, leading to carnage in the airlines sector.

“Savings Glut” Fables and International Trade Theory: An Autopsy

Debunking Bernanke’s pet excuse for the global financial crisis, the savings glut hypothesis, which of course exculpates the Fed.

Trump EPA Poised to Weaken Obama Methane Rule, Despite Possibility of Later CRA Overturn

Trump EPA to weaken Obama methane rule, acceding to fossial fuel pressure, despite the Congressional Review Act, which may kick in aft Nov.

Covid-19 Shortages Continue and Could Get Worse

Covid-19 still stalks the land and winter is coming.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Three: Uber’s Already Hopelessly Unprofitable Economics Take A Major Coronavirus Hit

The press is still refusing to depict Uber accurately, as a rotting corpse.

Larry Wilkerson: The Danger of War With China is Real and Insane

Col. Larry Wilkerson explains that China and the U.S. must work together on the climate crisis, but the militaries and security states on both sides make that impossible.