Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2021 as the economy continued recover from the COVID-19 crisis. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 8.6 percent
Sealing the USD’s coffin requires conjuring up a replacement reserve currency, and that turns out to be a lot more challenging than many understand. You know the scene in movies where the body-bag is being zipped up or the coffin lid slid into place when
[Reuters] Russia bombs Ukraine cities, despite pledge to pull back from Kyiv [Yahoo/Bloomberg] Ukraine Update: Russia Sees ‘No Breakthrough’ in Peace Talks [Reuters] Germany girds for gas rationing, Europe on edge in Russian standoff [Reuters] All Russia’s big exports could soon be in roubles, Kremlin signals [Reuters] China, Russia ‘more
[Yahoo/Bloomberg] Ukraine Update: Talks End With No Cease-Fire But Clearer Demands [Reuters] Russia’s gas supply to Europe at risk as rouble deadline nears [Reuters] Shares surge after “encouraging” Russia-Ukraine talks [Reuters] Oil drops $3 on positive signals from Russia-Ukraine peace talks [Yahoo/Bloomberg] Key Treasury Curve Inches Closer to Inversion as
Stocks don’t vanish when sold; somebody owns the shares all the way to the bottom. These owners who refuse to sell because they have convinced themselves the next dip will be the hoped-for resumption of the bullish trend are called “bagholders.” Trends are tricky. Humans
The solutions will come not from those profiting from inequality and scarcity but from relocalizing “money” and production to create degrowth community economies. We think we understand “money”–we don’t. We think the current versions of “money” are the final versions–they aren’t. Understanding “money” requires some
Our control is what’s irreplaceable. Wealth, status and the illusory security of dependency chains cannot replace control. What’s our personal strategy for navigating tumultuous times? I’ve long advocated controlling as much as you can. We don’t control the availability of fuel and food from far
This desire for compliance and consensus dooms the autocracy to failure and collapse because dissent is the essence of evolutionary churn and adaptation.. The various flavors of autocracy (theocracy, kleptocracy, dictatorship, etc.) look remarkably successful at first blush but they all share a fatal flaw.