Page 4 - Shrinking Planet News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth. Judging by the panic buying of everything from homes to yachts to lumber futures, it seems the world has run out of everything except newly issued central bank trillions, and so the logical response is FOMO (fear of missing out) and hoarding: buy everything you can get y...

Maybe maximizing corporate profits isnt all that matters. Maybe national security and resilience matter, too, and if they do, then reshoring critical supply chains should be a higher priority than Corporate Americas (mostly tax-free) profits. As Americas trade deficit explodes higher and the costs of offshoring supply chains mount, the apologists for globalization are out in full force, attempting to shout down reality with their usual specious claims about how amazingly wunnerful globalization...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The Federal Reserve is reassuring us daily that  inflation is temporary, but allow me to assure you that  wage inflation is just getting started and will accelerate rapidly. As I noted yesterday, the Fed can create currency out of thin and funnel it to financiers, but the Fed cant create experienced, motivated workers out of thin air or entrepreneurs with the chops to launch and sustain real-world enterprises. Lets start with a funny little thing called  competition, which has been pushing ...

Despite their hollow bleatings about ‘doing all we can to achieve full employment’, the Fed’s policies has been Kryptonite to employment, labor and the bottom 90%–and most especially to the bottom 50%, the working poor that one might imagine most deserve a leg up. As wealth and income inequality soar to new heights thanks to the Federal Reserve’s policies of zero interest rates, money-printing and financial stimulus, the Fed says its goal is to create more jobs. Really? OK, let’s l...

But weirdly, and irrationally, bubbles pop anyway. At long last, the moment you’ve been hoping for has arrived: you’re pitching your screenplay to a producer. Your agent is cautious but you’re confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you’re off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all ti...

But weirdly, and irrationally, bubbles pop anyway. At long last, the moment youve been hoping for has arrived: youre pitching your screenplay to a producer. Your agent is cautious but youre confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and youre off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all time takes off...