Category Archives: Financial Disasters

The Financial Crash of 2023

Posted on March 13, 2023 by Fec

90% of all Y Combinator capital ventures fail. Greensboro’s Boom Supersonic is emblematic of these Ponzi schemes. Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash Funded by over … Continue reading →

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Just Say No

Posted on November 20, 2022 by Fec

I’ve been out of work for three weeks. It is entirely my fault. After eight years, I could simply no longer run an ecommerce site out of the Wife’s dress store. The reasons were many, and continued to stack up, … Continue reading →

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Jail the Billionaires

Posted on May 10, 2022 by Fec

I just spent $50 to fill up my Nissan Frontier, the least expensive truck sold in the US, 30 months ago. And it’s going to get much worse, before it’s over, if it’s ever over. I think somebody should go … Continue reading →

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Hungary and Serbia Refrain From Poking the Bear

Posted on April 4, 2022 by Fec

Following Russia’s excellent rescue of Donbass, I killed my eight year-old pro-Russian Twitter account and took a month long vacation. We put Darth Beetle in the wind for Mt. Airy, this morning. I told the Slovakians running Thirsty Souls that … Continue reading →

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Wage Disparity Causing Global Collapse

Posted on May 28, 2019 by Fec

From Gail Tverberg: Growth in energy consumption and in world GDP are very closely linked. In fact, energy consumption seems to be the cause of GDP growth… The reason why this close relationship exists is because it takes the “magic” of energy … Continue reading →

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A Summer of Pain

Posted on March 3, 2019 by Fec

From Zero Hedge: US Auto Sales Tumble To 18 Month Low As SUV Demand Hits A Brick Wall Michelle Krebs, senior analyst for car-shopping researcher Autotrader, told Bloomberg: “Affordability is going to be a challenge for consumers going forward, and we’re … Continue reading →

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The Volcker Shock

Posted on March 3, 2019 by Fec

From Tim Barker at n+1: IF SOMEONE WERE TO MAKE a movie about neoliberalism, there would need to be a starring role for the character of Paul Volcker. As chair of the Federal Reserve from 1979 to 1987, Volcker was the most … Continue reading →

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Interregnum

Posted on May 22, 2017 by Fec

From Wolfgang Streek: Neoliberalism arrived with globalization or else globalization arrived with neoliberalism; that is how the Great Regression began… Heathen practices such as controls on the movement of capital, state aid and others were to be tracked down and … Continue reading →

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CrowdStrike

Posted on March 22, 2017 by Fec

One of my problems is I read so much that I can’t find stuff when I want to cite it.  So it is with CrowdStrike.  Until I find the devastating article I remember, this will have to do: The CrowdStrike … Continue reading →

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Trump Has Inherited a Disaster

Posted on January 3, 2017 by Fec

From James Howard Kunstler: Total US debt has doubled under President Obama from around ten trillion to twenty trillion dollars (as it doubled under Bush Two from five to ten trillion dollars). The reason, as stated above, is that we … Continue reading →

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