Category Archives: research/studies

The Chickens Must Eventually Roost

Too many Foghorn Leghorns?

The thing about playing chicken is that fatally high stakes are a prerequisite of the game.

And someone — not excluding, say, an entire country — is going lose.

If you believe market pundits like Jim Rogers (an American trader of some fame who chooses to teach his daughter Mandarin and now lives in Singapore) the U.S. has already lost its triple-A credit rating in all but fact.

“Everyone already knows that the U.S. has lost its ‘AAA’ status,” Rogers said (while alternately lambasting the press for taking seriously what he called the ongoing Washington “charade”).

“Anyone who knows what is going on, already knows that the U.S. is now the
biggest debtor nation in the history of the world. It’s only S&P and Moody’s [the ratings agencies] that haven’t figured out what is going on. The investment world knows that the U.S. is not ‘AAA.’”

The truth is, the ratings agencies have figured out the U.S. is not triple-A. But those entrusted with grading the U.S. debt at the ratings agencies have been on the phone frequently with Washington, which means their allegiances are subject to crushing political pressure. Continue reading The Chickens Must Eventually Roost

Zombies, Freewill and the Inevitable Zombie Apocalypse

A reader requested I write about the inevitable zombie apocalypse.

Very well then.

I do not ascribe zombies to the rise of the Tea Party, the Gang of Six, or today’s call by euro-zone chiefs for a “selective default” on the Greek debt.

Although that would be entirely conceivable.

However, it is worth noting that respectable bastions of academia are taking seriously the zombie question. This has been evidenced by such mounting bodies of work as: Why Zombies Are Inconceivable (Eric Marcus); Zombie Killer (Nigel Thomas); Zombies and the Case of the Phenomenal Pickpocket (Michael Lynch); Zombies Support Biological Theories of Consciousness (Andrew Bailey); and Zombie Mary and the Blue Banana (Tillman Vierkant).

Ordinarily, this might be dismissed as so many starving philosophers jumping on the Max Brooks “Zombie Survival Guide: Complete Protection From the Living Dead” bandwagon and its many spinoffs since the book’s release in 2003.

Except the term “zombie,” it seems, was first introduced and popularized by a philosopher and professor back in 1974. Continue reading Zombies, Freewill and the Inevitable Zombie Apocalypse

Good News About Unmitigated Awfulness

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So there’s this small issue of the world being debt-ridden and nobody hiring and the delicate financial machinery of our country breaking down in a way that can only be called utterly embarrassing.

This is not altogether bad news. For those who have long been looking for their moment to escape a lifetime of professional drudgery, it is a chance to hit the reset button. Go back to university, take a master class in sculpture or become a Cordon Bleu chef. Our favorite course of late is this one.

Go to the desert and paint your masterpiece knowing you will be unmolested.

The great thing about no opportunity is this: if you remove yourself from the world to do what you want to do, as opposed to doing the fake thing you’re pretending to want to do, it comes with no opportunity cost. You will not be missing out on all the good jobs. There are no good jobs!

The best part is, after taking a year or two out to reposition yourself, the odds are you’ll be returning to a world of renewed opportunity. Maybe not of the milk-and-honey variety, but certainly superior to what you see today.

How can we presume this? Continue reading Good News About Unmitigated Awfulness

‘Bogged Down In A Pseudo-Religious, Ideological War Over Whatever’

Not my words, just something an observant Canadian living inside the U.S. had to say today about our country’s death match over the debt ceiling — before remarking that it might be wise to, uh, “back-migrate.”

Instead of an espresso shot this morning, take a gander at our impressive U.S. Debt Clock. If that doesn’t jolt you awake, nothing will.

Remember, no one on this planet even has $1 trillion. Yet, somehow the U.S. has found itself on the hook for more than $54 trillion. Continue reading ‘Bogged Down In A Pseudo-Religious, Ideological War Over Whatever’