ECONOMICS

Authored by Gail Tverberg via Our Finite World,

Today’s economy is like that of the late 1920s…

Today, there is great wage and wealth disparity, just as there was in the late 1920s. Recent energy consumption growth has been low, just as it was in the 1920s. A significant difference today is that the debt level of the US government is already at an extraordinarily high level. Adding more debt now is fraught with peril.

Figure 1. US Gross Federal Debt as a percentage of (more…)

Via SchiffGold.com,

Just when you thought the headlines couldn’t seem more absurd, Swiss banking giant UBS has issued a warning that in the global battle against inflation, the worst enemy of central banks could be none other than pop star Taylor Swift.

The report could be seen as one part genuine economic analysis, one part marketing schtick for the UBS Arena.

This is the chosen venue for many huge events including Taylor Swift concerts and the MTV Music (more…)

It's called blowback: several years after California passed Proposition 47, which reclassified felony theft offenses as misdemeanors and effectively greenlit shoplifting of items below $950, the retail industry had had enough, and the same state that idiotically tried to give minorities a back-handed reparation by encouraging their petty theft (with the tongue-in-cheek promise of not prosecuting it), the state has seen countless retailers flee, social cohesion collapse, crime explode and (more…)