italy

Status report on Europe’s slow re-birth (first, the current system must die)

By / 9 Comments / 30 July 2012

Summary of another status report on the crisis of Europe.  Its leaders repeat their mistakes during the 1930s (raising taxes & cutting expenditures in response to economic weakness) while attempting to save the structurally flawed EMU.  Their mistakes only accelerate Europe’s dive towards a political singularity, when the current structure collapses — beyond which lies a new shape for …

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The periphery of Europe – a flashpoint to the global economy

By / 16 Comments / 30 July 2012

Introduction:  This is the fourth in a series of dashed off speculative opinions.  Normal procedure on the FM website for these topics would be 3 thousand word posts, supported by dozens of links.  I dont’ have the time to finish them, and too many of these outlines have accumulated in my drafts file.  Perhaps these will spark useful debate …

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The US economy at Defcon 2

By / 11 Comments / 11 January 2015

This analysis is far from the consensus viewpoint.  Unlike the consensus view, however, this has the advantage of accurately predicting the events of the past year.  The deleveraging of the US economy is putting “torque” on the US financial system.  This is a process which cannot be stopped prior to completion, although the government will …

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