Stratfor: Hanjin’s bankruptcy reveals much about the world economy

Summary: This cycle's combination of slow growth and widespread overcapacity have taken another victim - global shipping giant Hanjin. Those who like exciting news turn to Zero Hedge and read "Global Supply Chains Paralyzed" and "Supply-Chain Contagion Arrives - 'Global Trade' Roiled, Cargo-Owners Panic". Those who like accurate news turn to this report from Stratfor. … Continue reading Stratfor: Hanjin’s bankruptcy reveals much about the world economy

Looking ahead to the final chapter of the North Korea story

Summary:   Every game has an ending.  The complex, insane brinksmanship of North Korea might have entered its last chapter (although that's been predicted often since the fall of the Berlin Wall).  Probably not a pretty picture, whenever it happens.  Nor will be the early chapters of what follows.  Among the effects, consider the cost to … Continue reading Looking ahead to the final chapter of the North Korea story

New article stokes fears of North Korean attack on South Korea

Another rumor of war in Korea.  I have no insights into the validity of this information, but report it at is.  These are the only two stories I see reporting on an article by Zhang Liangui in the Chinese-language magazine World Affairs.  The second is the more detailed.  I see no full translation Zhang's article.  This … Continue reading New article stokes fears of North Korean attack on South Korea

Everything written about the economic crisis overlooks its true nature

Summary:   This site opened in November 2007 with three posts about this crisis, describing it as End of the post-WWII geopolitical regime.  Until we and our leaders understand this, we can neither appropriately respond to events nor prepare for future problems.  While the title overstates the situation (there are many who understand), it captures the key mental barrier we … Continue reading Everything written about the economic crisis overlooks its true nature

A situation report about the global economy, as the flames break thru the firewalls

Summary:  The global economy continues to fall towards debt deflation (see here), rare and never cured (WWII was not a "cure".)   This is a brief look at current dynamics, and the short and medium term futures.    At over 2000 words, it is already too long; supporting logic and evidence must await later posts. This is … Continue reading A situation report about the global economy, as the flames break thru the firewalls