World Food Day

Today is UN World Food Day and my thoughts have drifted to concern about food availability and production amidst the world financial nightmare swirling around us. Yesterday I happened to be doing some necessary but distasteful deferred maintenance on my septic system and yet another metaphor came to mind of the offal and scat being

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Another day, another krona

The market opened today finally in Reykjavik and it was a road runner moment….down 77%. In the Hekla auto showroom, the nation’s largest, not a car to be seen. The Central Bank lowered interest rates, it’s so called policy rate from 15.5 to 12%. That should give a boost to the currency which still isn’t

Peak Oil and M King Hubbert

The concept of Peak Oil is one of the core subjects of this blog and it is high time to introduce the Father of Peak oil to my reader(s) along with a simplified curve of domestic oil production. World oil production curves are widely available from the internet although they are often laden with data

The calm before the storm

I am a volunteer weather observer for the cocorahs network. We picked up 6.5″ here last night and the highest total amount our local Wyoming stations seems to be 15″ in Thermopolis and Absarokee. Billings MT had 22″. Still snowing with a winter storm warning still in effect. I thought the image of a guillotine

Good Morning America

This is the captain speaking! Everybody to the poop deck where the band has assembled. They would like to play for you a few songs. Apparently we have hit something. Maestro: Auld Lang Syne! And What a voyage this has been.. Reminds me of the old road runner cartoons where he runs off the cliff

Paul Kedrosky

I have another economic author to introduce. He is Paul Kedrosky who has an impressive resume who writes clearly and concisely. He has a post on the seeking alpha investment website which I urge readers to examine. He is recapitulating much of what I have written in past posts regarding the debt to GDP issue.

Cargo Bikes

I guess I will keep doing daily posts as long as this financial hurricane continues on its relentless path into, through and over our lives. The presidential debates were of low import with McCain wanted to Federalize bad mortgages of all stripes which would be trillions not billions and he will apparently do that by

Meet Professor Daly

Professor Herman Daly is a well known economist who wrote a recent post on theoildrum.com dealing with among other things steady state economics, a concept of real wealth and the unfolding disaster in our financial system. He is a former senior economist at the World Bank and he wrote a seminal book on the emerging

Depression thoughts

Today a veritable mushroom field has sprung up using the debt to GDP figures I noticed several weeks ago that compelled yesterdays post. There is a an excellent article by James Quinn on the seekingalpha investment website which lays it out far better than I did and he gives detailed historical perspective to the problem

A Warning

I sent an email to friends 2 weeks ago today that I thought the Great Depression had begun. I qualified my statement to say that a recession was ongoing and that a depression was possible. This morning’s events in world markets increases the odds. The commodity drop is now the worst in 50 years. Source: