How did this happen?

It should be obvious by now that I am a fan of the haunting photographs of Dorthea Lange who chronicled the people of the Great Depression. I have spent the past week researching the causes of the previous depressions and panics looking for patterns that might offer clues and perhaps help in dealing with theContinue reading “How did this happen?”

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 beingContinue reading “World Food Day”

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’tContinue reading “Another day, another krona”

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 dataContinue reading “Peak Oil and M King Hubbert”

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 guillotineContinue reading “The calm before the storm”

Shrub’s Big Weekend

Well, the G-7 is meeting in DC with shrub and the rest of the cops. The G-7 are ministers from the US, Japan, Canada, Germany, France, Britain and……….Italy? Are you kidding me. How did they get in there? While the world is holding their breath, they are putting out announcements that they will do what’sContinue reading “Shrub’s Big Weekend”

Meet Professor Daly

Professor Herman Daly is a well known economist who wrote a recent post on 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 emergingContinue reading “Meet Professor Daly”