Thursday, April 10, 2014

Now That the U.S. and China Have Picked the Low-Hanging Fruit, Peak Everything Looms

With no plan to manage an economy in which expanding credit no longer generates growth, the two nations are rapidly reaching Peak Everything.

Let's call the strategy of picking all the low-hanging fruit in an economy Plan A: you know, expanding credit, lowering interest rates, building infrastructure, fueling speculative frenzies, all the good stuff that fans the flames of "growth."

Now that the central banks and political leadership of the U.S. and China have plucked all the low-hanging fruit, they have no Plan B. With no plan to manage an economy in which expanding credit no longer generates growth, the two nations are rapidly reaching Peak Everything:


  • Peak Leverage
  • Peak Phantom Collateral
  • Peak Mal-Investment
  • Peak Ghost Malls
  • Peak Doing More of What's Failed Spectacularly
  • Peak Propaganda
  • Peak Smog
  • Peak Housing Bubble
  • Peak Keynesian Cargo Cult
  • Peak Clueless Leadership
  • Peak Central Bank Manipulation
  • Peak Phony Statistics
  • Peak Debt-Serfdom
  • Peak Crony-Capitalism
  • Peak Group-Think

  • You get the idea.



    Gordon T. Long and I discuss the ramifications of the low-hanging fruit having been plucked in this 26-minute slide presentation:

    YouTube link


    Of related interest:

    What Happens After the Low-Hanging Fruit Has Been Picked? (April 2, 2014)



    The Nearly Free University and The Emerging Economy:
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    Reconnecting higher education, livelihoods and the economyWith the soaring cost of higher education, has the value a college degree been turned upside down? College tuition and fees are up 1000% since 1980. Half of all recent college graduates are jobless or underemployed, revealing a deep disconnect between higher education and the job market.

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    Read Chapter 1/Table of Contents

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    Things are falling apart--that is obvious. But why are they falling apart? The reasons are complex and global. Our economy and society have structural problems that cannot be solved by adding debt to debt. We are becoming poorer, not just from financial over-reach, but from fundamental forces that are not easy to identify. We will cover the five core reasons why things are falling apart:

    go to print edition1. Debt and financialization
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    Read the Introduction/Table of Contents
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