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

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

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

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

Situation report: global economy, 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 … Continue reading Situation report: global economy, December 2008

Beyond Insurgency: An End to Our War in Iraq

Part IV of a series about America's new Long War Summary:  How will the Iraq War end? Is there a solution? These are the questions readers most frequently ask me. Here is my answer. This is the 34th article I have published at DNI over the past four years, the 22nd about Iraq. I wish … Continue reading Beyond Insurgency: An End to Our War in Iraq