Nosedives can end in miraculous recoveries. In 2001 we had fighter jets and planes falling out of the sky while markets nosedived as well. Nobody thought we'd recover. We did. The same is happening again today. We'll recover now too. well.
As usual a helpful perspective from a jet pilot’s eye-view of markets and geopolitics. Your writing reminds me that this intertwining has always been true, but somehow thirty years ago it didn’t seem quite as prominent - possibly because after the Berlin Wall came down and history officially ended - there was really only one (US) game in town.
Perhaps the reason that markets always pull back up again is simply because the real wealth is in the stuff that markets represent, not the markets themselves and they are, how shall we put it, not quite as monomaniacal or hysterical (or manipulatable) as markets are. Great metaphor even if I couldn’t get the 5 videos you link to to work properly..
Excellent commentary. There is more stuff going on behind our backs than the 99% can imagine.
My main concern remains that in a democracy the voters can exert power faster than the elite would like. There may indeed be a great recovery after we complete the current nosedive but the current financial system is creaking and cracking. We went from bad in the Internet bubble bursting to worse in the GFC. Almost every measure there is shows things are now far more fragile today than in 2007/08.
So do I understand and generally agree with Pippa's analysis? Yes I do, her insights are valuable. However I am struggling to understand how we can escape the current deepening crisis without seeing many tens of trillions being thrown into the world financial system over the next few years. That will generate a recovery for sure........ but to what exactly? We may be underestimating China and Russia. We may be overestimating the rest of the world support for the West".
An interesting analogy. There will be plenty of nosedives that hit the ground soon! An economy has been built on fantasy and making a quick buck and surely that will become obvious.
I truly appreciate your unique perspective wrapping global events into financial markets and events. I sincerely hope there is a recovery sooner but I fear it will take quite some time in this cycle as we have not even come close to allowing markets to clear, the missing ingredient for the past several recoveries
As usual a helpful perspective from a jet pilot’s eye-view of markets and geopolitics. Your writing reminds me that this intertwining has always been true, but somehow thirty years ago it didn’t seem quite as prominent - possibly because after the Berlin Wall came down and history officially ended - there was really only one (US) game in town.
Perhaps the reason that markets always pull back up again is simply because the real wealth is in the stuff that markets represent, not the markets themselves and they are, how shall we put it, not quite as monomaniacal or hysterical (or manipulatable) as markets are. Great metaphor even if I couldn’t get the 5 videos you link to to work properly..
Note that these confrontations are taking place between Nato Jets and Russian Spy planes as well: https://www.bbc.co.uk/news/av/world-europe-61834997
Excellent commentary. There is more stuff going on behind our backs than the 99% can imagine.
My main concern remains that in a democracy the voters can exert power faster than the elite would like. There may indeed be a great recovery after we complete the current nosedive but the current financial system is creaking and cracking. We went from bad in the Internet bubble bursting to worse in the GFC. Almost every measure there is shows things are now far more fragile today than in 2007/08.
So do I understand and generally agree with Pippa's analysis? Yes I do, her insights are valuable. However I am struggling to understand how we can escape the current deepening crisis without seeing many tens of trillions being thrown into the world financial system over the next few years. That will generate a recovery for sure........ but to what exactly? We may be underestimating China and Russia. We may be overestimating the rest of the world support for the West".
Hi Pippa, Love your writings and your father's too.
What are your thoughts on energy production in the US? Doesn't all this technology military advancement require more energy imputs?
I really enjoyed this. A great perspective on the evolving challenges we all face and how they echo past difficulties.
You have marvellous insight from your unique perspective.
An interesting analogy. There will be plenty of nosedives that hit the ground soon! An economy has been built on fantasy and making a quick buck and surely that will become obvious.
I truly appreciate your unique perspective wrapping global events into financial markets and events. I sincerely hope there is a recovery sooner but I fear it will take quite some time in this cycle as we have not even come close to allowing markets to clear, the missing ingredient for the past several recoveries
Outstanding!!
Thank you
Dr. Pippa, thanks for your great insights, they're great page turners! Now have you heard any whispers about the Peace Authorities "Bobbles"?