treaty of paris

A third American regime will arise from the ashes of the present one

By / Leave a Comment / 26 September 2017

Summary:  The dysfunctional nature of our political apparatus shows that the second American regime has begun its death throes.  History shows that the transitional period can take decades — and that America can emerge renewed and stronger. We face many challenges.  Increasing political polarization.  Social mobility and income inequality at previous highs and increasing.  Government finances at …

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This financial crisis is the transition to a new world; like birth, it is painful

By / 57 Comments / 3 June 2010

Summary:   This is an attempt to gain a historical perspective on our time, speculation about our present and future — seen in terms of past cycles. Here is a surefire way to get economists’ attention:   tell them that we are only in the second “inning” of this downturn.  Their incredulity results from belief that the trough is near …

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Situation report: global economy, December 2008

By / 41 Comments / 21 December 2008

This is a situation report on the global economy.   Speculation, attempting to find order from the confusing and rapidly-changing datastream. The roots of this crisis lie in the cumulative decisions of us all — collectively — over the past 3 decades. The problem grew to become major problem as a result of regulatory decisions made over the past decade or …

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