Debts That Cannot Be Paid Will Not Be
Capitalism is probably already insolvent.
Read more...Category Archives: Doomsday scenarios
National Audit Office Warns of Brexit Customs IT Train Wreck….Nine Months After Naked Capitalism
Yet another big Brexit disaster in the making.
Read more...Aiding and Abetting Trump as Tweeter-in-Chief
The media fixation with Trump’s tweets is leading them to shirk real reporting on what Trump is up to.
Read more...Growing, Shrinking, and Long-Run Economic Performance
Why economists’ thinking about growth may be entirely backward.
Read more...Instead of Trying to Sabotage the Trump-Putin Meeting, Democrats Should Support Vital Proposals
The dangers of Democrats continuing to foment hostilities with Putin.
Read more...The Chinese Debt Time Bomb
The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.
Read more...Economics of the Populist Backlash
Populist movements are the regular result of trade-induced economic dislocations and distribution. So why were economists surprised?
Read more...Seymour Hersh: Trump Ignored Intel Before Bombing Syria
RNN’s Aaron Maté and legendary correspondent Seymour Hersh discuss Hersh’s latest Syria story, originally published in Die Welt.
Read more...Wolf Richter: Two Italian Zombie Banks Toppled Friday Night
It’s getting harder to ignore the stench coming from the Italian banking system.
Read more...Some People “Would Rather Have 1st Class Seats on the Titanic Than Change the Course of the Ship”
Why it is necessary to depose Democratic party leaders like Pelosi and Schumer to have any chance of winning class and climate change wars.
Read more...Waiting for Godot or Does Anyone Really Know What Is Going on with Eurozone Banks?
An update on the Eurozone banking mess.
Read more...Gaius Publius: Finding the Greater Fool — The Elite Logic Behind “Going Over the Climate Cliff”
How the Secena Effect explains climate change apathy among the elite.
Read more...Gaius Publius: The Collapsing Social Contract
Tracing the trajectory of social breakdown in the US.
Read more...Wolf Richter: This Toxic Trifecta for Auto Loans is Fueling #Carmageddon
Recent vintage auto loan securitizations are going rancid, and for good reason.
Read more...West Coast on an Acidification Trip; Fishing Industry in Peril
Ocean acidification produced by global warming is bleaching coral reefs and threatening ocean life, yet gets little media coverage.
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