Tag Archives: Recession

Global Stagnation

It has been my contention since 2007 that global capitalism was entering a period of stagnation that could not be cured by the temporary fix of lowering interest rates. Yesterday’s grim unemployment report in the U.S. only compounded the problems … Continue reading

Posted in Economics, Wall Street | Tagged , , , , , , | 38 Comments

Obama’s Osawatomie Speech

I’m ready to wager that when the campaign of 2012 is all over, President Obama’s speech yesterday in Osawatomie, Kansas will be seen as the turning point that led to his victory in November 2012. Readers of this blog know … Continue reading

Posted in Barack Obama, Politics, Wall Street | Tagged , , , , , | 59 Comments

Progressive Disappointment Syndrome

What is at the heart of the great disappointment Liberals are having with President Obama? I wonder if it is inherent in any of the three progressive “change elections” I have experienced in my lifetime. Do we really believe that … Continue reading

Posted in Barack Obama, Defense Policy, Economics, Innovation | Tagged , , , , | 37 Comments

Savage Capital II

This morning it is deja vu all over again. In March of 2008, after having warned my readers for three months that a crash was coming, I wrote a piece about what I called Savage Capitalism. The short selling sharks … Continue reading

Posted in Barack Obama, Economics, New Federalism, Wall Street | Tagged , , , , | 61 Comments

Why Now?

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season … Continue reading

Posted in California, Entertainment, Interregnum, New Federalism, Television | Tagged , , , , , , | 31 Comments

Brave New World, Redux

After Thursday’s stock market crash, we find ourselves staring into the abyss of a potential double-dip recession. Republican’s, having ignored the history lesson of the business lobby 1937 Austerity Push, which managed to push America back into depression, seem to … Continue reading

Posted in Business, Entertainment, Innovation, New Federalism, Uncategorized | Tagged , , , , | 48 Comments

Life After Empire

In 1922, the British Empire held sway over a population of about 458 million people, one-quarter of the world’s population,and covered more than 13,000,000 square miles: approximately a quarter of the Earth’s total land area. By 1956, after the disastrous … Continue reading

Posted in Barack Obama, Defense Policy, Economics, Foreign Policy, Futurism, Military Spending, Politics, Recession | Tagged , , , , , , , , | 81 Comments

Avatar and the Spiritual Deficit

In this time of constant bickering between the right and the left, the movie Avatar has become the highest grossing film in history. To achieve these astonishing grosses of $1.86 Billion (besting Cameron’s own Titanic in record time), the movie … Continue reading

Posted in Barack Obama, Climate Change, Energy Policy, Entertainment, Futurism, Interregnum, Military Spending, Movies, Politics, Recession | Tagged , , , , , , | 46 Comments

The New Normal

Here is a scary thought. The Pareto Principle in economics says that 80% of the effects come from 20% of the causes. In practical terms it might mean that 20% of your movies at Warner Bros. would generate 80% of … Continue reading

Posted in Barack Obama, Business, Corruption, Defense Policy, Economics, Innovation, Interregnum, Military Spending, Politics, Recession, Wall Street | Tagged , , , , , , , , , | 245 Comments

What Future?

This is the most frightening economic chart I have seen in the last decade. Net private investment, which includes spending on everything from machine tools to new houses, minus depreciation, fell to 0.1% of gross domestic product in the second … Continue reading

Posted in Barack Obama, Business, California, China, Economics, Energy Policy, Futurism, Innovation, Politics, Recession | Tagged , , , , , | 229 Comments