Category Archives: Doomsday scenarios

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

Study: Hunters Kill Birds During Their Annual Migrations Through the East Asian-Australasian Flyway

Study: hunters slaughter birds as the undertake their annual migrations in chokepoints along the East Asian-Australasian Flyway.

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

Food Security: Prince Charles Calls for Furloughed Workers to Pick Berries; My Thoughts as a Former Tomato Picker

Some thoughts from a former tomato picker – moi – on the call from Prince Charles for furloughed workers to help with the food harvest in Britain.

Wolf Richter: Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace

Thursday’s unemployment numbers show that the U.S. unemployment numbers have not yet bottomed out – and that instead, the problem is worsening at a gut-wrenching pace.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

Climate Change: Hurricanes Getting Stronger; Cyclone Amphan Pummels Bengal

Study: climate change is worsening tropical storms. Cyclone Amphan is battering an India and Bangladesh locked down to slow COVID-19.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

Brexit: Yet More Chicken

The same bad Brexit dynamics are very much in place.

Coronavirus Dashboard: Updating the State Petri Dishes of Democracy

Parsing some US coronavirus data.

Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out

A major story on the CLOs chooses not to address the key questions.

Reminder: When the Very Very Rich Are Done With Us, They Plan to Leave Us Behind

More evidence, as if you needed it, that the super rich are not your friends.

Foreign Affairs Runs Propaganda from Swedish Employers on Sweden’s Covid-19 Fiasco, Failing to Disclose Sponsorship and Misrepresenting Results

Foreign Affairs runs “dangerous to your health” propaganda from the Sweden without informing its readers.