Category Archives: Doomsday scenarios

Wolf Richter: Americans’ Economic Outlook Plunges

The latest poll of Americans’ economic outlook shows most expect things to get worse…and the survey was before the market rout started last Friday.

Louis Proyect: A Brief Response to Joe Firestone on IT/Grexit

Why believing that there must be an easy way for Greece to pull of a Grexit does not make it so.

Wine and Water Watch (WWW) Challenges Northern California’s Invasive Wine Empire

Northern California activists opposed to the land and water use practices of the wine industry are stepping up their efforts.

Perry Mehrling: No One Has a Good Idea of How to Keep the Fed From Having to Rescue Mr. Market Again

Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.

Wolf Richter: It Starts – Broad Retaliation Against China in Currency War

Struggling economies that compete with China are going to protect their exports against Chinese encroachment via currency depreciation.

California First, As Both Climate Victim and Responder, the National Style-Setter Leads the Way

An old saying among trend-mavens is that as California goes, so goes the nation. That means its devastating drought is a real warning.

Climate Change: Have We Reached the Point of No Return?

This Real News Network segment provides a sobering assessment of the speed of climate change and species die-offs.

Greek Debt Sustainability: The Devil is in the Tails

The debate over Greek debt sustainability is muddied by the fact that different analysts use different definitions. But once you use realistic assumptions, as in “tails risks” are actually pretty likely, Greek debt is obviously not “sustainable”.

The Decline in Market Liquidity

While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.

Wolf Richter: China’s Hard Landing Suddenly Gets a Lot Rougher

Despite the 7% GDP growth published and hotly defended by the Chinese government, it is increasingly clear that the country is beset with a host of immense problems, after a debt-fueled binge of overbuilding and over-stimulating.

Entering the Nuclear Age, Body by Body The Nagasaki Experience

I felt I had not adequately commemorated the 70th anniversary of the bombing of Hiroshima and Nagasaki, and am putting up this offering to make up for that lapse.

Greece’s Debt Burden Can and Must be Lightened Within the Euro

A proposal for breaking Greece’s vicious debt cycle.

China’s Stock Market Collapse

Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.

Testing the Global Central Bank Swap Network

Central bank swaps are in some ways quite similar to a standard commercial FX swap, but the differences are important and significant.