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Peter C. Cavelti

Acute uncertainty

In Europe, there recently were comprehensive attempts at stabilization, but the huge structural uncertainties that have beset the EU for some time were left unaddressed.

The Hostile World
Part 2

Declining birthrates in many nations will have a devastating effect on living standards and government finances, especially in the nations and regions with the most unhealthy demographic profiles: Japan, Russia and most of Europe. The generational implications are equally alarming, as fewer young people will be responsible for supporting a larger number of seniors.

The Hostile World,
Part 1

We explore why the growing U.S. military engagement in the Middle East will guarantee massive instability for many years to come, sporadically dislocating financial markets, impairing economic growth and curtailing our civil liberties.