Category Archives: Doomsday scenarios

America’s Hidden Water Affordability Crisis

Why water is a stealth crisis in places like Seattle and Atlanta and will become an economic and social problem for more cities soon.

Gaius Publius: Massive Permafrost Thaw Documented in Canada, Huge Carbon Release May Be Coming

Permafrost melt is yet another worrisome climate sign….

Can Europe Be Saved from Populism?

Two economists offer recommendations on how to defend Europe from an upsurge of populism. Unfortunately, their ideas give cause for pause.

Michael Hudson: Why Failing to Solve Personal Debt and Polarization Will Usher in a New Dark Age

Crushing personal debt loads have repeatedly produced economic and social crises. The elites ignore the warning signs at their peril.

French Presidential Contender Macron Backs Tough Stand on Brexit

Macron, who has taken a recent hit as a result of a campaign blunder, took a forceful position on Brexit in a meeting with Theresa May.

The Opioid Epidemic and the Face of Long-Term Unemployment

The role the opioid epidemic plays in long-term unemployment.

Why Extreme Inequality Causes Economic Collapse

A look at how rising inequality becomes systemically destructive.

Wolf Richter: “Seriously Delinquent” Auto Loans Surge

Auto loans are have been looking awfully bubbly….and the hangover has begun.

When the IMF Evaluates the IMF

A recap of where the IMF admits that it screwed up. Also points out how the IMF overlooked a core methodology prone to errors and gaming.

Grantham: ‘Twas Capitalism That Killed Capitalism

How capitalism became disconnected from social good, leading to hope for a “strong leader” will take on the rich and powerful.

Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero

As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.

Germany-IMF Staredown on Greece: The Election Calculus

How upcoming European elections could play into the Greek debt negotiations.

By 2045, Some East Coast Cities Could Flood 3 Times a Week

Global warming related floods are coming to cities near you sooner than you might think.

Why Central Bankers Should Not Be Trusted With Money: Greek Exit Edition

An upcoming Greek bailout is leading to new discussion of the idea of a Grexit. And as before, some well-meaning ideas are wildly impractical.

Will Trump Administration Let the IMF Escape from the Next Greek Bailout?

The IMF is at odds with the rest of the Troika about whether Greece can shoulder its debts. Will the IMF be forced to fund the next bailout?