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Economics

Boomers vs Millennials

Chris Martenson - 6 hours 20 min ago

In this week's Off The Cuff podcast, Chris and Becca Martenson discuss:

  • Boomers Have Everything To Lose
    • They cling to status quo to deliver promises made in the past
  • Millennials See Nothing To Gain
    • The future they're being asked to inherit appears bereft of value
  • Bridging The Generation Gap
    • How to replace strife with support
  • The Importance Of Mentoring
    • An age-old model need perhaps more now than ever

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Categories: Economics

Daily Digest 9/27 - Candidates Clash On Energy, Pinching Pennies in America's Hedge-Fund Capital

Chris Martenson - 7 hours 51 min ago
  • Sales of new homes tumbled 7.6 percent in August
  • World Trade Set For Slowest Yearly Growth Since Global Financial Crisis 
  • Trauma Programming
  • Trump: “The security aspect of cyber is very, very tough”
  • Pinching Pennies in the Hedge-Fund Capital of America
  • One Indicator to Beat the Crash
  • The Presidential Debate: Clashing On Energy
  • The Grass Really is Greener, Especially Between the Rails 

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Categories: Economics

The Impact of Ride-Sharing Apps on Jakarta’s Taxi Industry

Shareable Magazine - September 26, 2016 - 10:00

Indonesia’s capital city Jakarta has long been known for its efficient, clean taxis. On the city’s main thoroughfares, taxis make up approximately 20-30 percent of all traffic. While the city is in dire need to better mass transit, it was not — at least on the surface — ripe for transportation network companies and their Uber-style disruptions.

Yet in the past year, Jakarta has become ground zero for the battle between tech-based apps and traditional taxis, prompting the government to regulate ride-sharing companies.

Categories: Economics

Toward Post-Capitalist Cities? Reporting Back From The Global Social Economy Forum 2016

Shareable Magazine - September 26, 2016 - 09:32

Seoul Mayor Park Won-Soon addresses the GSEF Plenary. Photo credit: Arnau Cunties Photographe. Article and images cross-posted from New Economy Coalition.

Categories: Economics

Daily Digest 9/26 - What To Watch For At Presidential Debate, What If The Oil Rebound Never Happens?

Chris Martenson - September 26, 2016 - 05:15
  • California dreamin' for Chinese investors in U.S.
  • Trump, Clinton Deadlocked in Bloomberg Poll Before Key Debate
  • Presidential Debate: What to Watch For as Hillary Clinton and Donald Trump Face Off
  • Meet Mike Morrell—-Hillary’s Favorite Demented, Creepy CIA Warmonger
  • President Trump's First Term
  • Blockchain: Many Bankers, Bureaucrats And Lawyers Could Become Redundant
  • Millions in U.S. Climb Out of Poverty, at Long Last
  • What If The Oil Rebound Never Happens?

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Categories: Economics

Finally, Jobs That Work for Parenting

Right now I’m not worried about the glass ceiling. For now, with a young child, I’m embracing freelance work.
Categories: Economics

Mark Morey: Social Revolution

Chris Martenson - September 25, 2016 - 10:40

Largely out of the headlines, the ongoing protest on Standing Rock is shining a bright light on how the big-moneyed interests with political clout steamroll the disadvantaged in order to get what they need. 

But in a rare David-vs-Goliath standoff, the Sioux tribespeople of Standing Rock Reservation are learning that they are not powerless. Their refusal to roll over and allow an oil pipleline to be built on their lands is growing into one of the largest resistance movements in recent years, drawing supporters from all over the country, and forcing the discussion of "Where do we draw the line?" in regards to our pursuit of depleting natural resources.

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Categories: Economics

Daily Digest 9/24 - Why Oil Prices Won't Stay Low, Do Robots Dream Of Wealth?

Chris Martenson - September 24, 2016 - 09:53
  • Harvard Endowment drops 2% in 2016, worst since financial crisis
  • The Elite Solution: Three New Ways To Get Inflation
  • What The Fed And BOJ Decisions Mean For Markets
  • Do Robots Dream Of Wealth?
  • Can a Police-Misconduct Lawsuit Lead to Reform?
  • Why Oil Prices Can’t Stay Low For Much Longer
  • Mothballing the World's Fanciest Oil Rigs Is a Massive Gamble
  • Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power

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Categories: Economics

Hell To Pay

Chris Martenson - September 23, 2016 - 14:23

Those familiar with my writing know I put the word “markets” in quotes because we no longer have a financial system where legitimate price discovery is a regular -- or even recognizable -- feature.

It's destined to fail. What more can be said about such a flawed system?

Well, a lot as it turns out. 

And failure to pay attention at this stage of economic and ecological history will prove to be exceptionally painful.

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Categories: Economics

Prepare For The Global Deflationary Deluge

Chris Martenson - September 23, 2016 - 14:23
Executive Summary
  • Why the debt market is the powder keg that will blow things sky-high
  • The most dangerous asset bubbles to watch and avoid
  • The implications of a collapse in the bond market
  • Where will money then go?

If you have not yet read Part 1: Hell To Pay available free to all readers, please click here to read it first.

Economic Deformations

The big problem with central bank policies, besides driving the largest wealth and income gaps in all of recorded history, is that they’ve massively deformed the financial and economic landscape. 

Too-cheap money has distorted just about everything, and has badly warped corporate incentives. There’s literally no place one can look and not find an economic or financial distortion.  “Gains” (such as they are) have gone to holders of financial assets, and corporations have opted to buy back their own shares and to not re-invest in property, plant, equipment or people. 

All of this will work right up until the day it doesn’t. And then we'll experience a financial and economic crisis likely to be the largest we ever live through.

And these distortions are not only everywhere, but they are all at record levels.  As in never higher in human history. 

Just looking at the corporate data alone ought to scare the pants of off every investor on the planet. As the chart below makes clear...

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Categories: Economics

Daily Digest 9/23 - Good News Friday: 44 Hours Of Saturn, Paris Agreement "Closer To Reality"

Chris Martenson - September 23, 2016 - 07:26
  • 44 Hours Of Saturn
  • The Pros and Cons of Living in an Income-Sharing Commune
  • Man who lived as a goat and Swedish fly collector among those honored at Ig Nobel science awards
  • The Paris Agreement Is One Step Closer To Reality 
  • Meet the Fruit: Aronia, a “Superfood” Native to the American Midwest
  • Gardening as a Kid Indicates that You’ll Eat Fruits and Veggies as a College Student

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Categories: Economics

Daily Digest 9/22 - The Three Stages of Empire, UN Fears The Third Leg Of Financial Crisis

Chris Martenson - September 22, 2016 - 06:12
  • UN fears third leg of the global financial crisis - with prospect of epic debt defaults 
  • Dallas Police Pension On Verge Of Collapse As Record Number Of Cops Seek Full Withdrawals
  • Jim Rogers: ‘Central Banks Are Losing Their Power…Thank Goodness'
  • Canadian Mint employee accused of smuggling $180K of gold in his rectum
  • Moscow says attempts to accuse Russia of aid convoy attack are 'outrageous'
  • The Three Stages of Empire
  • Has Real Estate Hit Its Peak?
  • Long Term Consequences Of The Oil Price Crash
  • Bayer-Monsanto deal 'danger for our food': French chefs

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Categories: Economics

The Other Housing Crisis: Finding a Home in Rural America

Thirty percent of rural Americans have substandard housing—and it’s expensive. But these communities are finding ways to give low-income residents homes of their own.
Categories: Economics

A Strategy to Stop the Funding Behind the Dakota Access Pipeline

A key pipeline loan is still pending, and banks can be vulnerable to public pressure. We can fight alongside the Standing Rock Sioux at any one of 38 banks.
Categories: Economics

Off The Cuff: Making Sense Of The FOMC Decision

Chris Martenson - September 21, 2016 - 20:33

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Fed In A Box
    • At this point, stalling is Yellen's only option
  • Boneheaded BOJ
    • Now trying to undue the damage of its recent NIRP policies
  • Blind To Bubbles
    • Central banks are unwilling to admit they're the cause of the problem, not the solution
  • Bad Policies
    • Capitalism is getting destroyed (and a bad rap) by central banks run amok

In the wake of the closely-watched announcements by the BOJ and the Federal Reserve, Chris and Axel sit down in this meaty discussion to pick through the particulars of what this week's announcement mean. In a world where everything hangs on the decisions of an elite few central banks, this is one of the more important podcasts we've released in a while.

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Categories: Economics

Photo Essay: Community Gardens Change Lives

Shareable Magazine - September 21, 2016 - 17:41

Community gardens and urban agriculture projects are a powerful way for people to connect with others for healthy, enriching experiences in their neighborhoods. We've long covered people changing their community with the power of gardening, so we invited our readers to share their photos and stories about their community gardening experiences. Some of the organizations we've written about have also generously contributed new images from their gardens.

Categories: Economics

Daily Digest 9/21 - U.S. Building Up To Pension Crisis, Chinese Debt "Above Danger Zone"

Chris Martenson - September 21, 2016 - 06:10
  • RETIREMENT CRISIS: Millions have NO IDEA how they will pay bills in old age
  • CalPERS forecasts funding gap could grow to $9.2 bln in 15 years
  • US building up to pension crisis
  • Gulf budget deficits to peak this year
  • Monte dei Paschi's shares, bonds hit by worries on emergency plan
  • Nigeria Plans N4.72 Trillion Stimulus for Troubled Economy
  • Is China Building a Road to Ruin?
  • Deutsche Bank Goes to Crisis-Era Well
  • Chinese debt "three time above danger zone"
  • The big question of Kenya's piling debt
  • Comptroller: NY student loan debt hits $82B
  • New Report Outlines Higher Education’s $2.7 Billion ‘Debt Bomb’
  • Debt and Death Bind Chicago as Emanuel Seeks to Bolster Cops
  • China's first debt-to-equity swap plan approved
  • China Risks $375 Billion of Shadow Banking Losses, CLSA Says
  • Buyers keep faith in Chinese province seen as test of debt tolerance
  • Canadian household debt bigger than national output
  • ECB corporate bond buying hits record pace
  • Markets Have Become More Dependent on Central Banks, Says BIS
  • Calstrs to Miss 7.5% Return Goal for Third Straight Year
  • German savings banks expect 500 mln euro hit from negative ECB rates -sources

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Categories: Economics

Want National Security? Dismantle the War Machine

A military response to violence creates more violence. For real security, we need to stop climate change and work toward shared prosperity.
Categories: Economics