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Uber’s Immigrant Drivers Look Forward to Better Pay—and Bigger Voice

A union for Seattle Uber drivers means finally having the right to a two-way conversation with their multibillion-dollar employer.
Categories: Economics

Markets Are Correcting Hard

Chris Martenson - January 7, 2016 - 21:41

The long-awaited global financial market correction has arrived. We are seeing collapses in all major markets and across all major categories.

As usual, the pain has started at the edges, in the weaker elements (emerging markets, junk bonds, weak companies, etc.) and is rapidly spreading towards the center.

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Categories: Economics

Why A Crash Is Likely

Chris Martenson - January 7, 2016 - 21:41
Executive Summary
  • Why a crash is likely
  • Why the machines have won, and regular investors should flee these markets
  • Why the coming oil company bankruptcies will trigger a deflationary rout
  • Why we've passed Peak Easy

If you have not yet read Markets Are Correcting Hard, available free to all readers, please click here to read it first.

The Larger Lesson (Why A Crash Is Likely)

Look, the financial markets are broken -- the US, in China, and largely everywhere else around the globe. The sad fact is that the regulators have utterly failed to impose any meaningful limits on the rise of the computers and their high frequency hi-jinks.

Now those computers dominate the entire market landscape for better and, eventually, worse.

The reason I say ‘worse’ is because the computers deliver the appearance, but not the reality, of market liquidity.

As long as they detect that everything is operating normally, or at least within their accepted bands or limits, then they indeed provide plenty of liquidity. But when events exceed those limits?

The computers just shut down, revealing the true lack of market depth. The key story of all markets, bonds, commodities, futures and equities, is that each has experienced a vast diminishment of liquidity.

Share volumes are down on the equity exchanges as fewer and fewer participants are willing play a rigged game. That’s not just...

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Categories: Economics

Daily Digest 1/7 - The Next Real Estate Collapse, Our Changing Environment

Chris Martenson - January 7, 2016 - 07:58
  • Russia’s national security strategy for 2016 in 9 key points
  • Former Fed President Fisher Admits Fed Culpable Of Overinflating The Market
  • Kuwait recalls ambassador, Bahrain halts all flights to & from Iran over Saudi mission attack
  • A socialist vision fades in Cuba’s biggest housing project
  • Jim Rogers: Maybe I should be shorting everything?
  • Tnd of Capitalism Is Here: Ellen Brown
  • The Next Real Estate Collapse
  • Scientists create new 'nano-reactor' to produce hydrogen biofuel
  • New Hillary Emails Reveal Propaganda, Executions, Coveting Libyan Oil and Gold
  • Sources of Growth Examined and Found Entirely Lacking
  • The Bankers’ India Gold Grab: An Update
  • One Step Closer To Recession
  • New efficiency record set with dual-junction solar cell
  • First known hacker-caused power outage signals troubling escalation
  • Here Are The Top 15 Environmental Stories of 2015
  • See Before-and-After Photos of the Changing Environment
  • What scientists just discovered in Greenland could be making sea-level rise even worse

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Categories: Economics

What’s the New Economy Look Like? Here’s What Our Artists Did With Your Ideas

Pictures of windmills and farmers markets are great, but they don’t capture the diversity and radicalism of the movement. So we asked readers like you for poster ideas and handed them over to two of our favorite artists.
Categories: Economics

5 Survival Foods to Consider for Your Emergency Supplies

Chris Martenson - January 6, 2016 - 13:58

A number of interesting food items to consider for your long-term food storage and deep pantry.

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Categories: Economics

The Enlivenment Manifesto: Politics and Poetics in the Anthropocene

Shareable Magazine - January 6, 2016 - 11:51

Article by Hildegard Kurt and Andreas Weber, author of the new book The Biology of WonderCross-posted from Solutions Journal.

A man and a woman
Are one.   
A man and a woman and a blackbird   
Are one.

Excerpted from “Thirteen Ways of Looking at a Blackbird” by Wallace Stevens

Enlivenment in Brief

Categories: Economics

Italian Diary Archive Rewrites History from the Bottom Up through a Personal Story Commons

Shareable Magazine - January 6, 2016 - 09:00

The Archive is home to deeply touching personal works, including this autobiography written on a bedsheet. Photo: Samuel Webster

Categories: Economics

Daily Digest 1/6 - World Economy's Labor Pains, Greek Gov't Defends Pension Cuts

Chris Martenson - January 6, 2016 - 07:38
  • Saudi Arabia faces 'economic bomb'
  • Updated model hints Fed staff sees much lower inflation in 2016
  • Chicago School Bonds Drop to 14-Week Low as Governor Denies Help
  • Mayor Ed Lee instructs city departments to cut budgets
  • Alaska Wants to Sell $2.6 Billion in Pension Obligation Bonds
  • Government debt set to hit $1.3 trillion in 2016: study
  • Government regarded as No.1 problem for U.S. in 2015: Gallup
  • UN sees moderate global growth for 2016-2017 due to major ‘headwinds’
  • The world economy’s labor pains
  • Canada, loonie lose footing in global economy
  • Puerto Ricans Are Fleeing The Island's Economic Woes
  • Puerto Rico misses second major debt payment as economy struggles
  • Eurozone Inflation Remains Stubbornly Low
  • Factory figures make for grim reading as global stock markets falls
  • Greek government defends pension cuts
  • Fears mount over rise of sovereign-backed corporate debt
  • Labor force participation quirks cloud Federal Reserve's outlook
  • India weighs fiscal stimulus in new budget despite fast economic growth
  • BOJ's Kuroda: willing to take bold steps if needed for price target
  • Brazil heads for worst recession since 1901, economists forecast
  • Fischer worries Fed can't head off, contain financial crises
  • Sweden hands central bank governor new powers to boost inflation
  • Japan central bank turns activist investor to revive economy
  • China central bank injects billions to ease liquidity strain
  • Smith & Wesson Jumps to Highest Since 1999 as Gun Sales Soar

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Categories: Economics

Mason Bees

Chris Martenson - January 5, 2016 - 14:06

The mason bee namesake comes from their habit of sealing their nests with mud. They typically nest in hollow reeds or holes in wood made by wood-boring insects. The blue orchard mason bee and the hornfaced mason bee are the most common here in Central Pennsylvania, although there are many. Mason bees are excellent pollinators in the early spring when many fruit trees are blooming. They are more efficient pollinators than honeybees and they only travel up to 300 feet from their nests, so if you grow mason bees close to your food forest, they will be there.

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Categories: Economics

Daily Digest 1/5 - U.S. Sues Volkswagen, What Comes After The Commodities Bust?

Chris Martenson - January 5, 2016 - 07:51
  • Stocks Hold Steady After Starting Year With a Sell-Off
  • More People Turn to Faith-Based Groups for Health Coverage
  • China To Impose Fee On Cancelled Orders
  • Congress Is A Hypocrite
  • Obama pushing thousands of new regulations in Year 8
  • What Comes After The Commodities Bust?
  • Solitary confinement of Nebraska youth said 'disturbing'
  • U.S. sues Volkswagen over defeat device scandal

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Categories: Economics

For a Richer Life, Get Rid of Your Excess Stuff

Shareable Magazine - January 5, 2016 - 07:13

Despite advertising messages that assure us happiness is to be found in our next purchase, the opposite tends to be true as mountains of stuff, clutter and debt leave us stressed and unfulfilled.

Categories: Economics

The Deflationary Wave Builds

Chris Martenson - January 4, 2016 - 22:32

Well, the New Year got off to a rocky start in the world markets.  Why it has taken so long for the equity markets to react to an obvious weakening global economic environment is beyond us.  We write that knowing that it may take even longer still for reality to catch up to the world’s financial markets.

Part of the reason for the delay, of course, is that the world’s central banks have been fighting off reality with a coordinated series of actions designed to prop up financial markets for as long as possible.

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Categories: Economics

Solutions Conference in Las Vegas: February 22, 2016

Chris Martenson - January 4, 2016 - 17:19

Chris and Adam are keynoting a 1-day seminar hosted by David Morgan in Las Vegas on Feb 22, 2016.

More about the conference, as well as instructions for registering, can be found here.

The premise of the seminar is that there are many experts and websites dedicated to decrying the risks our economy and society face, but there are precious few people offering concrete solutions. The Solutions Conference has been created to fill that gap.

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Categories: Economics

Peak Prosperity Annual Weekend Seminar: April 14-17, 2016

Chris Martenson - January 4, 2016 - 17:05

We have an extremely well-developed seminar model that has been honed over the years and combines teachings, breakouts, and exercises that will provide both critical insights and actionable ideas. This year will be no exception, with lots of new material developed during the creation of our new book, Prosper!

Specifically, this Rowe workshop offers

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Categories: Economics

Fork the Economy

Shareable Magazine - January 4, 2016 - 07:44

I've given up on fixing the economy. The economy is not broken. It's simply unjust. There's a difference.

We have to stop looking at our economy as a broken system, but one that is working absolutely true to its original design. It's time to be progressive -- and this means initiating systemic changes.

Categories: Economics

Daily Digest 1/4 - Russia Rearms For A New Era, The World's Groundwater Crisis

Chris Martenson - January 4, 2016 - 07:15
  • Russia Rearms For A New Era
  • Obama plans curbs on guns
  • Economists Take Aim At Wealth Inequality
  • ‘Frightening’ Shell gas pipeline flares spook Ireland
  • Belgian nuclear plant’s reactor shuts down days after reboot
  • Solar's Demise In The UK
  • The Forgotten Students, and Eroding School Districts, of California's Drought
  • Pumped Dry: The Global Crisis Of Vanishing Groundwater

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Categories: Economics

Income Inequality Is a Health Hazard—Even for the Rich

A public health researcher explains why life expectancy in the United States is falling, and it has to do with income inequality rising.
Categories: Economics

Gail Tverberg: Something Has Got To Break

Chris Martenson - January 3, 2016 - 11:01

Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund further energy exploration and extraction.

That strategy has diminishing returns, Tverberg warns. And we are close to the moment of reckoning.

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Categories: Economics