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It seems to me the real American Dream is not measured solely by money, it’s more a measure of the freedom to Start Over.

Favoring capital over wage earners is the long-established policy of both political parties.

If you want to escape immiseration, that option is available–upgrade to Premium.

The tariff sledgehammer has a role, but it’s a limited one.

I’ve managed to maintain a sense of humor and curiosity–or at least the comforting delusion that I’ve maintained them.

Corporate America took advantage of the Covid shortages and fiscal largesse to profiteer on a scale criminals could only dream of.

Interest rates are linked to inflation, but they’re also linked to risk.

Until values, priorities and incentives change, “the lifestyle you ordered is currently out of stock and on back order, with no estimate of a future delivery date.”

Statistical games can be played to mask the realities of our neofeudal economy, but “narrative control” can’t obscure the facts or the banquet of consequences that these realities have set.

So where are corporate profits going to come from as globalization, price-gouging, planned obsolescence, shrinkflation and immiseration run out of rope?

Now that the entire economy depends on these hyper-normalized speculative bubbles for its “growth” and “wealth,” there is a profound fear of a future based not on artifice but on the real world.

The deflation of asset bubbles and higher costs are foreseeable, but the magnitude of each is unpredictable.

Add in the doom loop of an unprecedented credit-asset bubble and housing as a sector is in trouble.

The present-day tariff-trade-war conflicts boil down to Neocolonial strategies to gain control of markets for exports and resource extraction on terms that are only favorable to the Neocolonial power.

It seems we’re supposed to mourn the last gasp of The Landfill Economy. Perhaps we should celebrate its demise.

These headwinds will persist for the next decade or two.

Like orbiting space debris, every loan that has been collateralized by an illiquid asset is a high-speed projectile with the potential to disable any other part of the system it impacts.

The fires that have been ignited are not yet visible.