Poorly prepared Boomers retiring means hard times for them and for America

Summary: Two new reports warn us about the predictable but so far ignored consequences of so many Boomers' retiring with low savings, no pensions (other than SS), large debts -- and long expected lives ahead. Unless we act, the effects will prove painful for not just them -- but also on asset prices and US … Continue reading Poorly prepared Boomers retiring means hard times for them and for America

Paul Krugman talks about economics. Climate scientists can learn from his insights.

Summary: A new presentation by Nobel Laureate Paul Krugman discusses economics. His insights apply broadly to sciences playing a key role in public policy, especially climate science. Let's hope others learn from it. Slide #1 from "What have we learned since 2008", a presentation by Paul Krugman at CUNY, 19 February 2016. He is discussing … Continue reading Paul Krugman talks about economics. Climate scientists can learn from his insights.

Mining and manufacturing are in recession. Will America follow?

Summary: The mining and manufacturing sectors of the US economy have rolled over. Perma-bear websites publish lurid descriptions of the horrific effect this will have on the US economy. What's the truth? {2nd of 2 posts today.} (1) The manufacturing collapse Perma-bears often describe the manufacturing sector as in a downturn, sometimes as in a … Continue reading Mining and manufacturing are in recession. Will America follow?

Why the Left is missing the rising populist movement

Summary: While journalists mindlessly cover Campaign 2016 (playing Trivia Pursuit, Gotcha, and "who's on first"), the structure of American politics might be shifting. This series explores how and why. This post looks at the Left, so far the big loser in this transition, and what this means for the shape of the rising populist movement.  … Continue reading Why the Left is missing the rising populist movement

Stratfor: Russia’s economy burns; they have no good options.

Summary: As Obama's military requests vast new sums to defend against Russia, Stratfor examines Russia's crashing economy -- and its few options for recovery. Russia is largest casualty of the financial world war begun by the Saudi Princes (bet on them to win). While this great conflict burns the US military dances away to its … Continue reading Stratfor: Russia’s economy burns; they have no good options.