The daily newspapers display events as string of beads. Discrete, unrelated. That masks the key to understanding what is happening: the systemic drivers at work. This is in my opinion not a series of isolated events or even a cyclical downturn. We are experiencing a change in the fundamental structure of the global economic regime.
You might find this series of articles of value to properly “frame” these events, listed from old to recent. Please share your comments (brief and relevant, please), or email me at (spam-protected spelling) fabmaximus at hotmail dot com.
A brief note on the US Dollar. Is this like August 1914? — How the current situation is as unstable financially as was Europe geopolitically in early 1914.
The post-WWII geopolitical regime is dying. Chapter One — Why the current geopolitical order is unstable, describing the policy choices that brought us here.
We have been warned. Death of the post-WWII geopolitical regime, Chapter II — A long list of the warnings we have ignored, from individual experts and major financial institutions (links included).
Power shifts from West to East: the end of the post-WWII regime in the news — We are seeing another western industry ceding dominance to eastern competitors, one more step in a larger process.
Death of the post-WWII geopolitical regime, III — death by debt — Origins of the long economic expansion from 1982 to 2006; why the down cycle will be so severe.
A recommendation to read these bulletins from the front! — A brief note on today’s articles in the NY Times and Financial Times, with Brad Setser’s explanation of why they are important.
