|Combined Archive, Topical|
SepPRN: Vol. 2, Num. 5 | September 24, 2012
The Advancing Wall of Darkness
The shaking of the world system, something I first marked in mid-2006, has been documented
here for the past eighteen months. There appears to be no end in sight. By my judgment,
the trends continue toward more dysfunction.
AugSTAT: Vol. 1, Num. 2 | August 5, 2011
Suddenly a Downgrade
Well, suddenly, here we are. I guess there's always a first time.
The credit ratings agency, Standard & Poor's, just (Friday at 8 PM) issued a credit rating downgrade for the United States, from AAA to AA+. (The other two ratings agencies, Moody's and Fitch, have not yet downgraded but have issued warnings.... read more »
JulPRN: Vol. 1, Num. 4 | July 26, 2011
The US Economy: When Gradual Becomes Sudden
Hemingway was once asked "How did you go bankrupt?" He said "First gradually, then suddenly."
Well, we're a long way down this road now, and we've just about run out of gradually. See that cliff ahead? That's the beginning of suddenly.
Suddenly is like one September morning in ... read more »
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