And Now For Some Dour Predictions For the New Year

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Tyler Cowen offers some economic guesses for the coming year. In a nutshell, he thinks Russia is doomed; American wage growth will remain stagnant; a resource crash will throw Canada and Australia into downturns; Abenomics will fail once and for all; Greece will cause chaos by voting itself out of the eurozone; China will decline; Latin America will decline; and Italy and France (and maybe Germany) will stagnate. On the bright side, India might do OK.

And that’s not all. We might have a stock market crash in the US. And maybe a nuclear bomb will go off somewhere. And we’ll have another outbreak of avian flu.

This public service announcement has been brought to you by the Doleful Society of Dystopic Downers. If you haven’t yet given up all hope, there’s more at the link. Including at least one cheerful prediction!

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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