OfTwoMinds
Sorry Our Demographic Karma Ran Over Your Economic Dogma
Your bogus economic dogma of “growth via the wealth effect” created the demographic karma that will bring down the status quo. What happens when you bleed your workforce while enriching those who already own assets with one bubble after another, all in the name of “fostering growth”?
VIEW POSTWages Going Up for Good: Catch-Up and Blowback
Blowback has its own dynamics, as we’ll learn in the decade ahead.
One of the most durable expectations in the financial sphere is that inflation will drop sharply in a recession and the Federal Reserve will lower interest rates back to near-zero.
Are You Ready For a Real Recession?
In a real recession, what seemed safe and rock-solid melts into air.
We haven’t had a real recession in forty years (1981-82) and so only those who were in the workforce back then have any experience of how far and how fast things we think are solid can unravel.
2023: Echoes of 1973
So what’s changed? Everything, but mostly beneath the surface churn of circus and theater.
2023 is echoing 1973 in potentially consequential ways.
How Many Dominoes Must Topple Before One Falls on Us?
Everything’s abstract until it happens to us.
Dominoes falling are abstractions until one falls on you. Lines of dominoes toppling are an apt analogy to highly centralized systems that are tightly bound, that is, all the transactions that flow through the centralized hubs are interconnected, so when one domino falls, it topples chains of dominoes that then topple other chains.
What If AI Is Only a Cost and Not a Profit Bonanza?
In the real-world, the costs are all we know for sure and profits remain elusive and contingent.
No one knows how the flood of AI products will play out, but we do know it’s unleashed a corporate frenzy to “get our own AI up and running.”
Contributors
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.
The Canadian Bitcoiners
Joey Tweets and Len the Lengend are the hosts of The Canadian Bitcoiners Podcast, and you may recognize them as the voices (and faces) behing the AxisOfEasy Podcast. CanadianBitcoiners.com
Charles Hugh Smith
Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.