‘Are You Prepared For The Coming Economic Collapse And The Next Great Depression?’

‘This is an exceptionally long blog post, divided into three sections. 1. When will the economic system collapse? 2. What can we do about the state of the world, including human rights? 3. What should I do?’

A long, excellent piece about the causes and results of the Irish banking crisis from Vanity Fair.

Leading and lagging indicators with typical and current values and trends.

A decent bit of rhetoric from the European Parliament.

Fantastic Rolling Stone article about AIG, CDOs, CDSs, and all the crap we let an overpaid élite get away with.

‘Why Japan’s young consumers are turning away from luxury goods’.

‘$500,000 is not a lot of money’. Oh yes it is. I'd do the job for that!

Grab your pitchforks, people!

Interview with Gao Xiqing, president of the China Investment Corporation.

‘Meanwhile, the British “economy” seems to be based on selling each other money so that we can buy high quality German goods.’ Satire that’s close to the bone.

‘[S]tartups, like dogs, tend to eat when given the opportunity.’ I think the demise of VC would be a good thing overall. We can and should take control of the means of production ourselves, and if it put an end to the lottery mentality that would be no great loss.

Was my prediction that society has fifteen years left too optimistic?

Spend more on tobacco and alcohol, though.

Interestingly, it’s meat that has had the least inflation.

‘[A]nybody who thinks it is a duty of the state to help keep housing expensive is crazy’.

Yes! Nearly there.