- “Hey, at least that successful Mormon businessman didn’t win.”
- “Didn’t your lady parts warn you this would happen?”
- “Look at the bright side- gay marriage passed in four states.”
- “Hey, Big Bird still has a job. Isn’t that the important thing?”
- “I am sure Obama cares deeply about your situation. Maybe he’ll send you a postcard from Hawaii.”
- “Would it make you feel better to know that Rush Limbaugh’s getting a massive tax increase?”
- “Now you’ll have more time to play with your unicorn.”
- “Isn’t it worth losing your job to know that religious organizations now have to pay for abortions and contraceptives?”
- “Well, now you and Keith Olbermann have something else in common.”
An independent global think tank, LEAP/E2020, recently reported the opinion that “this second half of 2012 will really mark a major inflection point of the global systemic crisis;” “The shock of the autumn 2008 will seem like a small summer storm compared to what will affect the planet in several months.”
In fact LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category. Continue reading
Hubris-soaked central Planners are incapable of understanding that their numerous policy interventions have essentially zero impact on the curve. But if you can’t believe systems don’t respond to frantic policy measures, then consider these factors:
1. Tens of millions of households are too poor to buy a home (the FDIC calculated 40% of the U.S. households have insufficient income and credit to buy a home) without massive subsidies, and with no skin in the game their purchase is basically a lease with an option to sell later for a private gain at the expense of the government. Continue reading
Pension plans are based on 8% annual growth forever. What happens to these plans in a zero-interest rate world as the global economy and stock markets contract?
I’m afraid it’s time for an intervention.
I don’t enjoy being the bearer of difficult news, but now that Europe has stumbled drunkenly into the pool and been “rescued,” it’s once again tearfully blubbering that this time it’s all going to change, and a new prime minister in each dysfunctional, insolvent EU nation is going to make the pain and the addiction all go away.It’s time we face the reality that Europe and the U.S. are full-blown financial alcoholics, addicted to illusion and debt. And what do they turn to as “solutions”? The very sources of their pain: illusory “fixes” and more debt. Have you ever seen a global market as dependent on rumors of “magical fixes” for its “resilience” as this one?