What the Global Status Quo Optimizes

Protecting Elites and the Clerisy Class That Serves Them by Charles Hugh Smith Of Two Minds (September 25 2014) The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history. Every system is optimized to serve a specific purpose. As noted in my recent essay … Continue reading What the Global Status Quo Optimizes

There are things worse than slow growth

It's not too soon to worry about the US economy by Editor Fabius Maximus (September 18 2014) Summary: Here's another status report on the US economy. Most economists expect faster growth. Perhaps so, but there are dark spots in the picture. Concerns about unsustainable auto sales, weakening exports, and (the big one) the mini-housing boom … Continue reading There are things worse than slow growth

The Dow and S&P 500 Soar to Irrational Heights

Meanwhile the Ultra-Wealthy Rush to Buy Gold Bars by Michael Snyder The Economic Collapse (September 18 2014) Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year?  If stocks are just going to keep soaring, why are they doing this?  On Thursday, … Continue reading The Dow and S&P 500 Soar to Irrational Heights

‘Excessive Amounts of Capital’ Doom Startup Bubble

by Wolf Richter Wolf Street (September 16 2014) Not everything is hunky-dory in the world of stocks. The S&P 500, which has been hovering near its all-time high and hasn't experienced a decline of ten percent in three years, has been the focal point of breathless media coverage. But beneath the surface, the stocks of … Continue reading ‘Excessive Amounts of Capital’ Doom Startup Bubble