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The Price of Everything & The Value of Nothing

Chris Martenson - June 23, 2015 - 13:50

My view is that the stock market is simply pegging itself to the idea that the central banks have backed themselves into a corner and that there’s no other option but to keep the liquidity spigots open. I cannot fault that view, as it has been right for the past 6 years.

However, it cannot be true forever. And we all know that a day of reckoning is out there somewhere. 

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Categories: Economics

Dinner Fork Door Lock

Chris Martenson - June 23, 2015 - 12:13

An informative video showing how you can create a simple but effective door lock using a dinner fork.   A handy backup for when the zombies come knocking at your door.

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Categories: Economics

Daily Digest 6/23 - A World Without Work, How We Get Electricity Is About To Change

Chris Martenson - June 23, 2015 - 07:55
  • Fewer Poor Uninsured After Health Law, Study Finds
  • A World Without Work
  • Is the Trans-Pacific Partnership Unconstitutional?
  • A Disaster Foretold - And Ignored
  • The Way Humans Get Electricity Is About to Change Forever
  • 2015 New Energy Outlook
  • The New Big Oil Is State-Owned
  • Climate Change Health Risk Is a 'Medical Emergency,’ Experts Warn

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Categories: Economics

Buffalo CarShare Ceases Operation Due to New York Insurance Law

Shareable Magazine - June 23, 2015 - 06:53

Buffalo CarShare serves the daily needs of residents. Photo: Buffalo CarShare

Buffalo CarShare is a nonprofit carsharing organization serving the transportation needs of low-income communities in Buffalo, New York. The organization recently had to cease operation after their insurance company, Philadelphia Insurance, ended their coverage.

Categories: Economics

Is a Confusing Pricing Structure Limiting the Growth of Bikesharing?

Shareable Magazine - June 22, 2015 - 13:48

A May 2015 report documents confusion among casual riders about the cost of bikesharing. (SF Bay Area Metropolitan Transportation Commission)

Categories: Economics

This Preschool Inside a Retirement Home is Transforming Lives

Shareable Magazine - June 22, 2015 - 07:28

The Mount St. Vincent retirement home in Seattle is home to over 400 residents. It’s also home to a preschool. The results of this innovative project, dubbed the Intergenerational Learning Center, are extraordinary. Elders and young children share time, space, projects, meals and conversations. By doing so, the children learn about the normal aging process, reduce their fear of older adults, and share their love and attention.

Categories: Economics

Daily Digest 6/22 - Federal Reserve A Runaway Machine, America's Affordable Housing Crisis

Chris Martenson - June 22, 2015 - 06:51
  • The Next Downturn Will Be Worse Than 2008 And What You Can Do About It?
  • "It's Time To Hold Physical Cash", Fidelity Manager Warns Ahead Of "Systemic Event"
  • Federal Reserve System a Run Away Machine: G. Edward Griffin
  • Pay No Income Taxes, Legally!
  • Gold: Will This Summer’s Rally Mark A Cyclical Turning Point?
  • Anti-intellectualism Is Killing America
  • Every Single County in America Is Facing an Affordable Housing Crisis
  • Texas Production Down, Gas Takes Biggest Hit

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Categories: Economics

Interviewed: Venture Capitalist Brad Burnham on Skinny Platforms

Shareable Magazine - June 22, 2015 - 06:47

Photo credit: Lisbon Council. Used under Creative Commons.

Categories: Economics

Bedis Bouziri on Tunisia's Participatory Budgeting Initiative

Shareable Magazine - June 22, 2015 - 06:41

Since the Jasmine revolution of January 14, 2011 that sparked the Arab Spring, Tunisian social and political life has changed considerably. After 23 years of the brutal and corrupt regime of General Ben Ali, the people of Tunisia started to experience the basic preconditions of a democratic state for the first time. Among them are freedom of expression, freedom of the press, and political pluralism, including competitive elections.

Categories: Economics

Jim Rogers: Turmoil Is Coming

Chris Martenson - June 20, 2015 - 10:11

Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting:

  • increased wealth confiscation by the central planners
  • a pending major financial market collapse
  • gold's return as the preferred safe haven investment
  • more oil price weakness, followed by a trend reversal
  • Russia's rebound
  • a China bubble reckoning
  • agriculture's long-term value

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Categories: Economics

Daily Digest 6/20 - Debt, War and Empire By Other Means, Sixth Mass Extinction Is Here

Chris Martenson - June 20, 2015 - 06:39
  • Debt, War and Empire By Other Means
  • ‘World’s Poorest President’ Explains Why We Should Kick Rich People Out Of Politics
  • The Hunt for the Financial Industry's Most-Wanted Hacker
  • Most Millennials Want to Own Homes
  • For many in Greece, the economic crisis takes a major toll: their homes
  • The Humans Who Dream Of Companies That Won't Need Us
  • The People v. the Coal Baron
  • Sixth mass extinction is here: US study

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Categories: Economics

Solar Panels Are Part of the Pope’s Revolution—But So Is Dismantling Structural Racism

The Pope is talking about a revolution that goes way beyond simply adding renewable energy to our current extractive economy.
Categories: Economics

Credit Market Warning

Chris Martenson - June 19, 2015 - 09:50

There are large signs of stress now present in the credit markets. You might not know it from today's multi-generationally low interest rates, but other key measures such as liquidity and volatility are flashing worrying signs.

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Categories: Economics

The Warning Indicators To Watch For Trouble In The Bond Market

Chris Martenson - June 19, 2015 - 09:50
Executive Summary
  • Liquidity is drying up
  • Volatility is returning
  • HFT has dramatically increased crash risk
  • The key takeaways for investors

If you have not yet read Part 1: Credit Market Warning available free to all readers, please click here to read it first.

Financial assets are worth what someone will pay for them.  A corollary of this is that you’d much rather be trying to buy or sell in markets that are deep and liquid.  Thin markets provide bad prices at best, and no bids or offers at worst.

Low trading volumes are worrisome because they are usually accompanied by higher volatility. And those two can easily become dance partners that whirl each other ever faster. 

There are numerous warning signs coming from all asset markets, but especially from the bond markets.

Low Liquidity

The issue of low liquidity really jumped out at me roughly a year ago with the news that the utterly broken Japanese government bond (JGB) market had gone an entire 36 hours without a single trade(!!).

Japan bond market liquidity dries up as BoJ holding crosses ¥200tn

Arp 15, 2015

The Bank of Japan’s massive purchases of government debt hit a milestone this week, sucking liquidity out of the market to such an extent that the benchmark 10-year bond went untraded for more than a day, the first time in 13 years.

The current 10-year cash bonds saw its first trade of the week yesterday afternoon, having gone untraded for more than a day and a half.

Trade volume in the benchmark cash bonds so far this month dropped to less than one trillion yen, down about 70% from the same period last year.


Thus comes the law of unintended consequences.  The main reason for buying JGB’s by the Bank of Japan (BoJ) was to inject a lot of liquidity into ‘the system’ in hopes that the Japanese economy would take off.

While that may have happened to some (slight) extent what also happened was that ...

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Categories: Economics

Daily Digest 6/19 - A Sentimental Education, Charleston In The Age Of Obama

Chris Martenson - June 19, 2015 - 07:29
  • The Latest American Mass Killing
  • Charleston And The Age Of Obama
  • Greece faces banking crisis after eurozone meeting breaks down
  • A sentimental education: inside the school that Tilda built
  • After an Era of Ups and Downs, Home Prices Return to Sanity
  • Proposed Rule for Big Trucks Aims at Cutting Fuel Emissions
  • Expect A Wave Of Consolidation In The Oil Industry
  • Championing Environment, Francis Takes Aim at Global Capitalism

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Categories: Economics

Off The Cuff: More On The War On Cash

Chris Martenson - June 18, 2015 - 11:48

In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:

  • The War On Cash
    • Why governments are so interested in a cashless society
  • Grexit
    • Why the EU power structure fears it
  • The Bond Bomb
    • This one will be for all the marbles
  • Too Many Risks
    • There's little gain to remaining long in this market

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Daily Digest 6/18 - The Blight Of The Honeybee, Protect Your Financial Privacy

Chris Martenson - June 18, 2015 - 09:12
  • Three Ways to Protect Your Financial Privacy
  • 'Goldbug' Analysts Capitulation
  • Sneak Preview: 10 Charts From In Gold We Trust Report 2015
  • In California, Uber driver is employee, not contractor
  • A New Era For Utilities
  • Chris and Michael Berry: What the Boomers Got Wrong—and Right—About Natural Resource Investing
  • Toxic algae bloom off West Coast might be largest ever
  • The Blight Of The Honeybee

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Categories: Economics

Interviewed: John Repp on the Promise of Public Banking in Seattle

Shareable Magazine - June 17, 2015 - 14:13

The Bank of North Dakota is the only state-run bank in the United States. Photo: Hulsing & Associates Architects

Categories: Economics

5 Reasons Everyone Should Be Growing Aloe

Chris Martenson - June 17, 2015 - 12:44

With the many benefits that can be derived from Aloe Vera, every homestead or prepared person should include this valuable plant as part of their growing plans.

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Categories: Economics

3 Sharing Apps that Share the Love with Nonprofits

Shareable Magazine - June 17, 2015 - 09:15

StokeShare surfing event participants with the LAPD Cadet program. Photo: Lauren Devon

As you've probably noticed, there are sharing economy apps to help you share just about everything from lightly-worn clothes and parking spaces to surfboards and meals.

Some of these apps take the sharing spirit a step further by supporting nonprofits. Here are three of our favorites:

1. CARMAnation

Categories: Economics