The World's Economic Myths Are Hitting Their Limits
by Zero Hedge
Zero Hedge— The World's Economic Myths Are Hitting Their Limits Authored by Gail Tverberg via Our Finite World blog, There are many myths about energy and the economy. In this post I explore the situation surrounding some of these myths. My analysis strongly suggests that the transition to a new Green Economy is not progressing as well as hoped. Green energy planners have missed the point that our physics-based economy favors low-cost producers. In fact, the US and EU may not be far from an...
Americans for Tax Reforms—Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise. Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
The Guardian—There’s a hard-right tidal wave about to hit Europe – and it will only make the economic crisis worse. Near-zero growth has crushed living standards, sending voters to populist demagogues. But they have no solutions to offerBy the time of the European parliament elections in June, this year’s rightward ebb in European politics will have turned into a tidal wave. Ultra-nationalist demagogues and populist-nationalists are now leading the polls in Italy, the Netherlands, France, Austria, Hungary and Slovakia, and running second in Germany and Sweden. There are two hard-right groupings in the...
Global News—Canada will take bigger economic hit than U.S. if Trump wins election: report. The Scotiabank analysis says if Trump follows through on threats of tariffs on all imported goods, there would be "substantial negative impacts" on the Canadian and U.S. economies.