Introduction LO: This article is counter-intuitive. It makes much more sense to expect that low-income households will feel (much) more pain than high-income households. Hence, I selected it for a review and fact-check. This article focuses on the impact of inflation on debt. In and of itself, it is true that inflation deflates debt in real terms. However, debt is...
Financial Times title: There is no easy escape from the global debt trapFT subtitle: No matter what happens to near-term inflation and growth, the world is too indebted for rates to rise much higherOpinion by: Ruchir Sharma (see Note below)Date: 22 November 2021 "One of the big mysteries in the global economy is why, though inflation is making a strong comeback,...
Last Sunday evening, I suddenly wondered about the law of supply and demand. Also see my blog of Tuesday. Supply will create demand. Demand will result in supply. Once demand and supply reach an equilibrium, a market price emerges. Does this phenomenon extend to the Space and Time dimensions? From an individual's (ie, micro) perspective, a supply of time (eg, a...
A salmon lives in oceans or seas but returns to the place it was born in order to lay its eggs (ie, to spawn). That upstream river swim towards the spot where the salmon was born is so exhaustive that salmon "usually die after spawning" (source). I suppose this explains the human adage: go with the flow. Most of us adhere to that adage. At times, we don't like that...
UPDATE New York Times, 12 November 2021, BREAKING NEWS "A panel on the U.S. Court of Appeals for the Fifth Circuit, in New Orleans, held that a group of challengers to the mandate was likely to succeed in its claim that it was an unlawful overreach, and barred the government from moving forward with it."Source:...
In his 1742/1768 poem, Thomas Gray wrote two famous last lines: “[..] where ignorance is bliss, ‘tis folly to be wise”. The old English word "folly" means foolish; bliss is "a state of complete happiness or joy". My blog’s title is a paraphrase of those two lines. Small human problems often arise from misunderstandings and/or wrong assumptions. Both can be solved...
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