Tag Archives: geopolitical shocks
When Capital Hits Physical Limits
What is up with the American political economy and financial markets? Federal government spending’s running at an annual deficit of $1.9 trillion. What’s more, private financial markets are undertaking a capital-intensive technology buildout with only a hypothetical understanding of how it will all be paid for. Continue reading
Make Depressions Great Again
President Trump, with his Liberation Day tariff program, has started something that he cannot stop. The economic metamorphosis – a bifurcation between east and west – is already underway. Global trade is contracting. Supply chains are breaking down. Continue reading
Geopolitical Shocks and Financial Markets
The procession of news through the week – namely that chronicling the aftermath of the targeted drone strike and killing of Iranian General Qasem Soleimani – advanced with an agreeable flow. The reports at the start of the week were that Orange Man Bad had spun up a Middle East mob of whirling dervishes beyond recall. World War III was imminent. Continue reading
