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All the Perl that's Practical to Extract and Report

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  • There's drag and then there's drag.

    We're in the middle of a short-term global credit shock, at the start of a medium-term energy and food shock, and we've still got unquantifiable environmental shocks ahead of us which will reflect at the very least in the insurance and reinsurance markets.

    With food prices for most stables linked to energy prices, the prospect of a simultaneous energy/food shock (two of the most fundamental products) means the entire world is moving in a recessionary direction anyways.

    The q
    • "But those US numbers suggest we're moving into a new more dramatic phase now, and it remains to be seen what impact that will have."

      That's the dangerous thing about numbers, once people believe them they start to become real. People are behind those numbers, and people always have an agenda or a bias, no matter how subtle.

      It is interesting to follow all of the economic speculation in the news. The one thing that seems to be missing from the equations though is that surprising adaptability that homo sapiens had continuously displayed over the last tens of thousands of years.