John Robb's Weblog

Nuff said. Setting off economic nukes right now will only accelerate the failure and the depth of the coming depression. It will also be very localized, opening up vast holes in the country's socia...

Brooks gets a whiff of the situation although he vastly underestimates the scale and breadth of what is in motion. Social movement? LOL, if it were only that simple/retro.

Here's what Roubini thinks this recession/depression will look like: To bring back the household savings rate to the level of a decade ago (about 6% of GDP) consumption will have to fall – relative...

Worth a watch. A parade of idiots.

It's great to hear that Shlok is working on teasing out Ghandi's thinking on resilient communities. Can't wait to read his work on the topic. He should probably publish it as an on-demand book.

Pretty hilarious. The NYTimes on hopes that the American consumer will bounce back. Look, without improvements in income for three decades (due to the iron triangle of Fed "inflation targeting, gov...

Prudent Bear. Seems plausible given the amount of new debt that will be issued (debt saturation and fears of US default being significant factors). Long term rates will likely skyrocket.
NOTE, this...

One of my conclusions drawn from my experience with being briefly fabulously wealthy (worth several hundred million $$), is that nobody makes that kind of money without cheating/stealing/raping to ...

How trust in the market allocation of the world's accumulated capital (rather than sharing that decision making with the hundreds of millions that produced it) went astray. Here's Michael Lewis:
To...

Oh my! Say it isn't so... California gets scammed again.