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What will America look like after this recession?

This series of articles speculations about our future based on history and the almost inevitable re-balancing of global economy (i.e., end of unconstrained borrowing by US).  The elections are only three eight months away, perhaps our last chance to influence these developments. I.  This is a government failure on two levels, despite many warnings from major institutions that the US …

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Framing current events about the global economic and geopolitical system

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 …

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Diagnosing the Eagle: the housing bust

Summary:  The first in a long series of posts about one of our most serious problems, one that results from other and deeper problems — which makes it difficult to fix.  Links to other chapters in the series appear at the end. Something is wrong with America, rendering our society incapable of connecting effectively to reality.  The late USAF Colonel John …

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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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