Three and a half years ago I wrote an essay on the unsatisfactory state of affairs in the realm of Russian poetry whose overall standards dropped dramatically after the death of some of the greatest poets in the country’s history (of whom only Joseph Brodsky may be known to the majority of English-speaking folks) in the last two decades of the 20th century. Yet, gloomy as my verdict was, it is still a parade of optimism compared to (more…)
“A Million for Eleanor” — Psychological Fiction
“Supermassive Black Hole” Alternative Lyrics
The 2020-s Financial Crisis: The Greatest Depression
Over the last few weeks, the global economy has been going through an extremely hard time, with all the major stock market indices falling by 30–50%, predominantly on the news and actions related to coronavirus. At the same time, many people lost their jobs due to a huge contraction across multiple industries (including hospitality and travel), while many others had to get used to a work-from-home arrangement due to nation-wide quarantines. In this short essay, I will therefore try to explain:
- What has been going on with the global economy in 2020 so far,
- What we should expect to see in the near future, and
- How we can prepare for the rise of a new economic paradigm which will eventually replace the one the entire world lived in since the early 1980-s.
