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Say Goodbye to Normal

- James Howard Kunstler -

Great article!
8/31/15 Dallas Fed manufacturing survey down -15.9 percent. 8/17/15 Empire State manufacturing down -14.9 percent.
Gee whiz! What happened to manufacturing in America?

Commented 3157 days ago

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Beginning of the headline :T he tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis — regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in particular, the business cycle of the standard economics textbooks. Those cycle are dying. They’re dying because there really are Limits to Growth and... Read More

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