Browsing the "economic meltdown" Tag

string(0) "" Loading...

Trump is just an obnoxious symptom of the coming financial meltdown

By James Howard Kunstler The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis — regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which […]

August 31st

James Howard Kunstler: Change in the State of the Union that nobody believes in

By James Howard Kunstler The fog of chatter about Federal Reserve money-printing shenanigans, currency wars, fiscal intransigence, exchange rates, and alphabetized rescue operations conceals the central reality of the historical moment: that all industrial economies now face epic contraction, even rip-roaring China in its absurd and spectacular bid to become the latest drive-in utopia. The […]

February 11th