"The maths that saw the US shutdown coming". Peter Turchin (Previously) has a mathematical model that shows why the US is in crisis, and what will happen next. [more inside]
You know about the Great Depression, but do you know about the Long Depression? For a while now some have been suggesting we're in a "Third Depression", not so much like the Great one, but more like the Long Depression (1873–96) of 23 years (originally called the Great Depression). Suggesting "This slump won’t end until 2031". [more inside]
We've had 2 economic super-cycles before. One from 1870 to 1913. Another from the end of World War II until 1973. Now we may be in the midst of another, this time the cycle is all about the emerging consumer class in Asia. [more inside]
Some say the USA is a Plutonomy-an economy dependent on the spending and investing of the wealthy. In a further sign, the top 5% of Americans by income now account for 37% of all consumer outlays (the bottom 80% by contrast share about the same). Consumer spending accounts for roughly two-thirds of U.S. gross domestic product. In a possibly worrisome sign, the wealthy are cutting back on spending.
Fair Price Energy. One persons idea for a free market solution to the fossil fuel problem.
Economic 'Armageddon' predicted by Stephen Roach, the chief economist at investment banking giant Morgan Stanley. He's been right before.
What a real depression looks like. Total collapse of the middle class, malnutrition, starving bands of marauders eating road-kill, it's every survivalists dream come true. Until last year, Argentines were part of the richest, best-educated and most cultured nation in Latin America. Not anymore.
Wealth Spawns Corruption. Socialist economies could be more at risk from corruption than Liberal ones. Ironically, wealth condensation poses the greatest danger to economies that impose constraints on the accumulation of great wealth - broadly speaking, Socialist economies. Liberal economies that maintain free and unrestricted trade are less susceptible.