recession

Every year seems weird these days. Maybe it’s all down to the coming singularity. Certainly 2022’s quadruple whammy of war, drought, inflation, and plunging equity and bond prices has provided enough contrast to please even a late-stage Picasso. Crops wither while inflation runs wild! Energy prices soar while portfolios plummet! Or maybe it’s just the [...]

Note: This article on recession preparation has been updated in light of the COVID-19 virus pandemic. The coronavirus is upon the West. Stock markets are in free-fall. Almost all measures that can slow the virus down and save lives will hit economic activity. This challenge could persist until we see a vaccine or until as [...]

Image by: Mangpages It’s been so long since we’ve had an economic downturn that people have forgotten recessions are about being fired, losing your home, and companies going under. The mainstream press is instead treating the recession more like a seasonal change in fashion. In a strange echo of the frivolous attitude that stoked up [...]