Economy

Casaubon's Book

Category archives for Economy

Perhaps the first widely read piece I wrote was entitled “Peak Oil is a Women’s Issue” and focused on the ways that an energy decline might affect women. At the time it was written (the earliest version appeared in 2004) the peak oil movement was largely a group of men, mostly geologists, oil men, a…

Ben Bernanke has the answer. It is all your fault. Then he said something new: Consumers are depressed beyond reason or expectation. Oh, sure, there are reasons to be depressed, and the Fed chairman rattled them off: “The persistently high level of unemployment, slow gains in wages for those who remain employed, falling house prices,…

Is It Getting Good To Us?

If you have to accustom yourself to the end of growth, the Onion reassures us that it won’t be too hard: 63 percent of Americans said they had come to rely upon the familiar sense of dread that came from knowing the country was quickly losing its place as an economic superpower, while 71 percent…

- The basic Rogoff/Reinhart observation that financial collapses due to asset bubbles just take a long time to work through. Given the size of the 2008 collapse, historical evidence suggests that it’s going to take five or six years to recover, and that’s that. – The Tyler Cowen “Great Stagnation” hypothesis. We’ve picked through all…

Double Dip My Aunt Fanny!

We now all know the limitations of Standard and Poor, what they missed and what they didn’t, why to blame Republicans, why to blame Obama, and that Austerity is the new watchword in the US, while rioting has taken everyone’s imagination in the UK (wow, aren’t we timely?) Most of us are worried that the…

Banks Aren’t Doing So Hot

Ilargi at the Automatic Earth has a great big picture post on the real state of financial institutions and why we may be headed back to 2008 and bank bailouts again: Using his mock portfolio, he offers a very different picture than the one you’ll get in the news: As you can see, there are…

I have a pretty good track record on the economic crisis. In 2007, I pointed out that the “slowdown” that people were saying was absolutely not a recession, was, in fact, a recession. In 2008, I pointed out that most major economic downturns of the past century haven’t been very brief – although technically the…

Reinventing the Informal Economy

As I gear up to finish my Adapting-in-Place book, I’ve been thinking a lot about the role of the informal economy in supporting a culture that can’t keep growing and consuming resources at the same rate. As those of you who have been following my work for a while know, the informal economy represents the…

CSAs, Deflation and Japan Relief

Sundry stuff on a busy day – and a day when everyone is transfixed by world events. First, my colleage at Dean’s Corner has offered a good guide to high tech ways to donate money to Japan relief. There are 10,000 people in Japan who haven’t eaten since Friday by the best estimation, and events…

Mother Jones on Economic Inequity

Mother Jones has a very clear visual presentation of the increase in economic inequity over the last years – 11 charts they say shows it all. I’m not sure it shows it all, but they are well worth looking at, particularly these two: And this one, which shows the perception that Americans have – that…