Bond Markets Are Beginning To Panic Over Inflation

We Want One Solution, But One Solution Can't Solve Our Polycrisis Authored by Charles Hugh Smith via Substack, Whatever the problem, our minds seek one solution--preferably a simple one--to escape the trackless wilderness of complex, inter-connected problems. Problem-solving boils down to identifying the key problem and finding a fix that’s easy to understand and straightforward to apply. Our minds rebel when confronted with polycrisis, a knotted mess of inter-connected problems, and so we apply solutions we already have in hand. As I explained in previous Musings, this leads us to modify our...

The Pentagon’s Missile Defense Agency has awarded Lockheed Martin a $35 billion contract to dramatically ramp up the production of Terminal High Altitude Area Defense (THAAD) interceptors as the firm and other US arms makers cash in on the Iran war. Lockheed Martin said in a press release about the contract that it will quadruple […]