Crossing the Rubicon
Caesar was an able, energetic commander at the head of a victorious army. The FBI is very different; it hasn’t exactly covered itself in glory over the last few years.
What if They’re Wrong?
What if They’re Wrong?
What if this actually weakens the US economy…frightens foreigners…and causes potential enemies to ‘gun up’ themselves? Terrorists…Chinese…Russians — aren’t we pushing them to find new forms of money…new weapons…new friends?
Sudden and Violent Pains
Sudden and Violent Pains
While gas went down, food prices rose by more than 10%…the most since 1979. And rents are still going up, so much that a group of rent activists has asked the feds to declare yet another emergency!
Strike Three
Strike Three
Three things generally spelled doom for human societies — government, war, and inflation. And by the 21st century, all three were working against the US and its global empire
A Lollapalooza of Boondoggles
A Lollapalooza of Boondoggles
As is common for boondoggles of this sort, the spending is front-loaded — so the insiders get their money right away. As for the deficit and inflation reduction, they’re barely loaded on the truck at all…and will never actually be delivered.
Crossing the Channel
Crossing the Channel
We spent the weekend anxious and unsettled. We were worried about the Judgment of History. What will Wikipedia say about us in the year 5000…about the US…about our wars and our economy? Will we even rate a footnote? Not that we know more than anyone else. But it amuses us to imagine it…guessing that history […]
Beware Money Pox!
Beware Money Pox!
We start another week. And what’s new? Oh no…not again! The New York Times: ‘As Monkeypox Spreads, U.S. Declares a Health Emergency’: ‘President Biden’s health secretary on Thursday declared the growing monkeypox outbreak a national health emergency, a rare designation signaling that the virus now represents a significant risk to Americans and setting in motion measures aimed […]
Model Lives Matter
Model Lives Matter
We came back to Ireland last night, flying from Dulles directly to Dublin. Dulles Airport was strangely quiet…as if everyone knew it was about to be bombed by terrorists — everyone but us. But no bomb went off. Instead, it was much like the old days. Few people wore masks. There were no long delays. […]
Façade
Façade
We’ve been following what we believe is the crack-up of US family finance. Real wages are falling. Mortgage rates are rising. House prices are beginning to go down.
All About the Money
All About the Money
As we guessed last week, the two legs of American middle-class wealth, income and houses, are buckling. It’s still very early…but both seem to have begun downtrends.
