Tag: doom and gloom

And Fear No Darkness

This is going viral: And Fear No Darkness Despite its length, it’s not very convincing. It’s more like a belief than an argument. It’s just the author’s hunch based on some 4th turning ‘theory’ that there is a 50% chance there will be some sort of civilization-ending crisis in the 21st century. Falsifying it is… Continue reading And Fear No Darkness

Fallacy of Composition

Between 2008-2010, during the depths and aftermath of the financial crisis, pundits envisioned that the ‘old’ status quo would be replaced by a more egalitarian ‘new’ one of less wealth inequality, as well as slower economic growth and asset price stagnation, which some called ‘the new normal’. With the U.S. stock market and and U.S.… Continue reading Fallacy of Composition

It’s Not Okay

This is pretty funny…there is a backlash by some Wait But Why readers, most of whom are on the ‘left’, who didn’t agree with Tim Urban’s optimistic assessment that ‘America would be okay’ after Trump winning, that Trump’s inexperience isn’t a big deal, and that most Trump supporters are not ‘stupid, racist, xenophobic fucks’. Some… Continue reading It’s Not Okay

No, a Trump victory will not doom the US economy and stock market

A recession is the confluence of many factors that converge at roughly the same time. Trump being inaugurated will not suddenly cause producers to stop producing, consumers to stop consuming, and manufactures to stop manufacturing. Similarly, Britain leaving the EU in June of 2016 didn’t cause economic activity to suddenly stall, contrary to the predictions… Continue reading No, a Trump victory will not doom the US economy and stock market

Post-election rioting and crisis: It’s not going to happen

The media is entertaining the laughable premise that there may be rioting and revolting en mass should either Trump or Hilary become president. As I have said again and again, the media, by in large, is useless. It’s a giant time-suck that fools people into believing they are being informed, when it’s really about pushing… Continue reading Post-election rioting and crisis: It’s not going to happen

The Trajectory of America

From Social Matter: SWPLs, Amerikaners, The Alt-Right, And The Coming State This passage stood out: The system is decaying and unsustainable. It is increasingly liquidating a limited pool of capital to keep the economic charade going, while all the real productivity, and the culture of hardworking self-reliance that goes with it, goes overseas. See one… Continue reading The Trajectory of America

The Logical Inconsistency of Collapse-ism

From Aeon Physics is on the verge of an Earth-shattering discovery The mere announcement of what might be the first signs of a new particle, delivered at the end-of-the-year LHC seminar on 15 December 2015, sent theorists into a frenzy. Expectations are so high that there are already 338 scientific papers on the possible nature… Continue reading The Logical Inconsistency of Collapse-ism

Failed Predictions of the Demise of the EU

‘The EU Is on the Verge of Collapse’—An Interview Just like many pundits predicted the financial problem of 2008 would follow a similar trajectory as the Great Depression, which it didn’t, now many predict the EU will collapse like the Soviet Union. I’ve also I’ve noticed a trend recently of sites on the ‘right’ legitimizing… Continue reading Failed Predictions of the Demise of the EU

Explaining America’s Economic and Social Stability

Fred Reed ponders the ‘endgame ‘ for America. Things do not look good. The country is disintegrating. The borders are open, against the will of much of the population. Our universities are in sharp decline, the students a rebellious unschooled rabble portending a peasant future. The economy gutters and standards of living fall. Jobs are… Continue reading Explaining America’s Economic and Social Stability