The Great Recession Blog

The world is changing, and sometimes there’s an almost slow-motion element that offers a particularly coherent view of what the future holds. The UK, one of our closest allies, has succumbed to financial, economic and political crisis – with effective leadership seemingly a pipedream. Chairman Mao – I mean Xi – spewing ideology from an […]

The Old Age is over, and its welcome to the new, which is going to be little different – just a lot more complex. Thriving in a confused new economy of energy scarcity, inflation, recession and geopolitical threat isn’t easy – as the UK is about to discover.  by Bill Blain on Blain’s Morning Porridge: […]

Writing is a tough balancing act, especially when you know a fair number of people in your regular audience are not likely to like what you write. That is made even more precarious in a world so far off balance that it is now dividing like an amoeba into Left and Right halves and cracking […]

Why would we risk our own peace and security for Taiwan’s freedom and independence, when we would not risk our own peace and security for the freedom or independence of Hong Kong? by Patrick J. Buchanan: When a man knows he is about to be hanged in a fortnight, it concentrates his mind wonderfully, said […]

This article is part of series of economic predictions I am making about the remainder of the year. My patrons got the first part of the series. I’m going to make every other part available to all readers as I lay out the trends I see happening in the economic news that I read daily, […]

I promised my two-part Patron Post would lay out how the war and all the global sanctions will likely bring profound shifts to the “world order,” altering and accelerating the path toward globalization and control. I realize that is the opposite of what many are saying; and, as we’re on the leading edge of this, […]

This article is about how Putin’s War and the most intense global sanctions in history, put in place by the West to engage the battle from the sidelines, will make the scenarios I described in “The Everything Bubble Bust” more busted.

The battle between King Dollar and Tsar Ruble is on, and Russia’s efforts to dethrone the dollar have already lost. The ruble has already been knocked off its rickety wicker throne and has had its head kicked in. It’s just that brutal. King Dollar, on the other hand, hasn’t sat so tall in years.

A new report by the conservative Peterson Institute for International Economics says, “China Was Never On Path to Meet ‘Phase 1’ Purchase Commitments.” The report confirms my claim in December, 2019, that Trump offered a fake Phase One deal because he had failed in his trade war and needed a win for his campaign.

Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.

It’s time to close out the topic I’ve run with for this year on central banks and their creation of digital currencies (CBDCs). I believed 2020 was clearly going to be the year of the advent of CBDCs, which is a monumental change in money, and it did turn out to be as China launched […]

With crude oil prices having gone negative, everyone and his sister is scrambling to figure out how to invest in oil and make bank where banks have failed: There must be a way to get someone to pay me to take oil off their hands so I can resell it when the world is normal again […]