Wondering why the banking sector’s problems keep failing to go away? Take a look at this chart: Since the early 1980s, we Americans have been piling on debt. Much of that surely has been to the good, enabling us to enjoy our houses and cars and fridges while paying for them rather than waiting until [...]
This is a few days old, but nonetheless very much worth sharing: When historians glance back at 2007 through the haze of their coal-fired stoves, they will mark this year as the onset of the Long Emergency – or whatever they choose to call the unraveling of industrial economies and the complex systems that constituted [...]
