Larry Kummer, Editor

Larry Kummer. See the authors page for more information about me, my co-authors, and the Fabius Maximus website.

Is the US Government deliberately underestimating inflation?

The US third quarter GDP report told us that inflation was at .8% — a multi decade low. Very good news, if a bit odd given rising prices for things like energy and food. This reignited the debate about the government’s calculation of CPI. Here are a few thoughts. Many years ago I called the …

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A brief note on the US Dollar. Is this like August 1914?

I strongly recommend attention to the US dollar, as it breaks down to multi decade lows — or record lows — vs. almost every other currency (except the Zimbabwe dollar). It is almost impossible to exaggerate the seriousness of this situation. For Americans “currency crisis” and “currency flight” are things that happen to other, lesser …

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Is Pakistan’s Musharraf like the Shah of Iran? (if so, bad news for us)

I strongly recommend reading this. Gary Sick is someone to listen to; note bio below. “Musharraf and the Shah” by Gary Sick, Intenational Herald Tribune (26 October 2007) Excerpt: What is happening today in Pakistan takes me back to the time when the Iranian revolution was brewing, when I was the desk officer for Iran …

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More answers about Peak Oil! (or just better phrased questions)

Summary of Part I in this series about Peak Oil Peak Oil is coming, very likely sometime in the next 20 years. It could happen today. This will force a major transition in the global economy; as a “crash program” for adaptation will take roughly two decades. We need to start now. We need much more …

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When will global oil production peak? Here is the answer!

Peak Oil will be one of the defining events of this century. Forecasts by professionals in energy-related fields fall in a large range between 2006 and 2025+, with most forecasts by institutions in the later half of this range. Estimates vary widely due to two very different kinds of factors. Factor #1:  Known Unknowns We …

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