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Of Two Minds

OfTwoMinds

Welcome to the 21st Century Sequel of the Catastrophic 1600s

July 16, 2021

As the chart below on ‘how systems collapse’ illustrates, the loss of stabilizing buffers goes unnoticed until the entire structure collapses under its own weight. Disruptive extremes of weather: check Rising geopolitical tensions with no diplomatic resolution: check Multiplying scarcities in essential commodities: check Domestic disorder accelerates as extreme positions harden into irreconcilable conflicts: check

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Here’s Why America’s Labor-Shortage Will Drive Inflation Higher

July 14, 2021

Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. America’s labor shortage is complex and doesn’t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits.

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The $50 Trillion Plundered from Workers by America’s Aristocracy Is Trickling Back

July 12, 2021

As I often note here, when you push the pendulum to an extreme of wealth and income inequality, it will swing to the opposite extreme minus a tiny bit of friction. The depth of America’s indoctrination can be measured by the unquestioned assumption that Capital should earn 15% every year, rain or shine, while workers are fated to lose ground every year, rain or shine.

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Housing Bubble #2: Ready to Pop?

July 8, 2021

All debt-fueled speculative bubbles pop, even as cheerleaders claim otherwise. The expansion of Housing Bubble #2 is clearly visible in these two charts of house valuations, courtesy of the St. Louis Federal Reserve database (FRED). The first is the Case-Shiller Index, which as you recall tracks the price of homes on an “apples to apples” basis, i.e. it tracks price movements for the same house over time.

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A Few Things About Reinforced Concrete High-Rise Condos

July 6, 2021

There is a downside to steel reinforcing bars: they rust. The second most remarkable thing about the sudden collapse of the Florida condo building was the rush to assure everyone that this was a one-off catastrophe: all the factors fingered as causes were unique to this building, the implication being all other high-rise reinforced concrete condos without the exact same mix of causal factors were not in danger.

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July 4th: Sorry, America, You Lost Me

July 4, 2021

Star Wars 24 plus the novelized version, amusement park ride, podcast, action figure and OnlyFans pages, anyone? I happened to be in a Big Box Emporium, buying two bags of whole wheat flour, when a strange revelation struck me: almost nothing in this giant emporium was made in the USA.

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Contributors

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Mark E. Jeftovic

Mark is the co-founder of easyDNS and the editor-in-chief of #AxisOfEasy. He is the author of Managing Mission Critical Domains & DNS (Packt UK, 2018) and Unassailable: Protect Yourself from Deplatform Attacks & Cancel Culture. 

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Jesse Hirsh

Futurist, researcher and public speaker, Jesse Hirsh has been active in technology and commenting on it across the media for 25 years. His premium newsletter service operates from Metaviews.ca.

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Charles Hugh Smith

Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.