The US Economy And The Global Economy Are Mortally Wounded
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into the closing...
What Happens When The Pandemic Ends?
What happens when the pandemic is over and we try to resurrect something like normal life? The answer is that we run head-on into the one crisis that was… Let’s assume that by the end of this year a combination of social distancing and some new and effective...
There’s No Going Back To Our Pre-Pandemic Economy, We Can Only Go Forward
What I see is a global collapse of intangible capital that is invisible to most people. It’s only natural that the conventional expectation is a return to the pre-pandemic world is just a matter of time. Whether it’s three months or six months or 18 months, “the...
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