yeah lol. i mean elizabeth warren is a vicious neoliberal authoritarian cunt but she has no political power or support. but bernie and aoc are both moderate principled politicians for the most part.
For a better take on what dalios saying better to read peter turchin and avoid the billionaire capitalist cockamamie version
an extraordinary streak of 415 days above previous highs and we just crossed back to the previous year level
So basically you are poopooing an article you didnt read because you got bothered by one decontextualized pull quote.
"The article might have been well-informed and factual, but starting with such an absurd premise, I couldn’t maintain interest long enough to find out."
why bother commenting if you haven't read it or even knowing if the "absurd premise" is even in fact a premise required to support the rest of the thing?
To be fair , not once has the IEA been right about anything, its been kind of a running joke for decades.
It boggles my mind how easy it is to tribally code an issue that should be completely uncontroversial in order to make it unsolvable. Everyone should agree that we shouldn't have every mother having pfas in their breast milk, but with a few thousand dollars and a PR firm you can make that an issue think its a good idea because their ideological enemy thinks the opposite.
Its like back when every official person said you cant register dirty from poppy seeds on food and all these people were busted for opiates and got convicted for it and then when it was finally independently tested it turns out you can fail from eating a couple poppy seed bagels
Looking at real estate across usa, in places that someone could conceivably want to live or be able to get a job, and so much of it is listed for prices that make no sense to me. By makes no sense i mean who can even qualify for these houses on 30 year loan? not 90% of the population. In canada multiply that 4X or more.
Canada is so fucked right now, its a giant bubble , the medical system is utterly broken, meth is epidemic, the homeless encampments are huge and growing , full of lunatics and druggies, people are paying $600 for a mattress in a basement with other random people paying for mattress in the same basement.
Also canada i noticed the grocery stores have really shitty meat and vegetables, often having mostly bare shelfs with some meat cuts that even the soviet union would consider dogfood. There is an oligopoly and lots of the different stores are under same umbrella i notice after going to multiple stores its all the same shit and same deficit
Down in texas heat records have been broken, tomato plants cant even survive the heat they literally cook to death.
People fail to understand we are in fiscal dominance rather than monetary dominance now and interest rate increases wont throttle inflation. Interest rate increases can actually create inflation now because that money is printed and paid to bondholders who then use it in the actual economy therefore creating more money chasing the same amount of goods , therefore inflationary. this is like the 40s not the 70s.
I doubt this shit even moves the needle any more than the general neoliberal greenwash bullshit. All the parties are pro-human growth and anti-nature if it comes to asking for sacrifice to standard of living for humans
tldr the bond market is about as distorted as soviet economy, this eventually meets reality
yeah secular cycles is great , particularly if you want a map of post fossil fuel future if we fumble the energy transition long term, the malthusianish cycles will start again. his blog is good too.