User login

Economics

Fight Fascism With a Dance Party

Where fascism aims to instill fear, joy is the perfect resistance.
Categories: Economics

Daily Digest 8/10 - Next Market Crash Will Not be Televised, Towards An Ecology Of Agriculture

Chris Martenson - August 10, 2017 - 07:10
  • U.S. Credit-Card Debt Surpasses Record Set at Brink of Crisis
  • Surface Calm in the S&P 500 Masks a Spate of Blowups
  • Estimating Market Losses at a Speculative Extreme
  • Record Number Of Officers Leaving Dallas Police Department
  • Gold 'could be used in cancer treatment'
  • The Next Market Crash Will Not be Televised
  • Russia Eyes Rapid Middle East Energy Expansion
  • Study: Philadelphia Tax Makes Soda More Expensive Than Beer
  • US federal department is censoring use of term 'climate change', emails reveal
  • Towards an Ecology of Agriculture: An Interview with Steve Gliessman

Join the conversation »

Categories: Economics

Ghent's Quick Rise as a Sustainable, Commons-Based Sharing City

Shareable Magazine - August 9, 2017 - 11:34

A renewable energy cooperative, a community land trust, and a former church building publicly-controlled and used by nearby residents — these are just a few examples of about 500 urban commons projects that are thriving in the Flemish city of Ghent in Belgium. A new research report (in Dutch) shows that within the last 10 years, the city has seen a ten-fold increase in local commons initiatives.

Categories: Economics

Daily Digest 8/9 - Chicago OT Costs 'Out Of Control,' Consumers' Total Debt Climbs To Record

Chris Martenson - August 9, 2017 - 08:22
  • Large employers say health plans will cost more than $14,000 for an employee in 2018
  • Chicago’s Overtime Costs ‘Out Of Control’
  • Venezuela inches closer to default
  • Comptroller Says Governor is Stalling on Bill Backlog Borrowing (Illinois)
  • Pension deficits: have bean counters got the sums wrong? (UK)
  • ECB stretches bond-buying rules with oversized Italian purchases
  • AP EXPLAINS: Daunting budget deadlines loom for government
  • U.S. Credit-Card Debt Surpasses Record Set at Brink of Crisis
  • Consumers' total debt climbs to a fresh record
  • The Fed’s economic ‘experiment’ isn’t over, KC Fed’s Esther George says

Join the conversation »

Categories: Economics

3 Up-and-Coming Sharing Cities You'll Want to Explore

Shareable Magazine - August 8, 2017 - 13:26

More and more, we're seeing community-based sharing projects around the world. While Seoul, South Korea, is often spotlighted as a model "Sharing City," there are many others that have incredible sharing initiatives, including Berlin (Germany), Cape Town (South Africa), and Buenos Aires (Argentina). From tool libraries to car-sharing setups to projects linking dumpster divers with hungry vegetable lovers, these three cities have worked their way to the forefront of the global sharing ecosystem.

Categories: Economics

3 Up-and-Coming Sharing Cities You'll Want to Explore

Shareable Magazine - August 8, 2017 - 13:26

More and more, we're seeing community-based sharing projects around the world. While Seoul, South Korea, is often spotlighted as a model "Sharing City," there are many others that have incredible sharing initiatives, including Berlin (Germany), Cape Town (South Africa), and Buenos Aires (Argentina). From tool libraries to car-sharing setups to projects linking dumpster divers with hungry vegetable lovers, these three cities have worked their way to the forefront of the global sharing ecosystem.

Categories: Economics

Podcast: The Rules' Alnoor Ladha on Local Economics, Decentralization of Power, and More

Shareable Magazine - August 8, 2017 - 10:38

Playing for Team Human today, activist trainer and executive director of theRules.org, Alnoor Ladha.

Categories: Economics

Podcast: The Rules' Alnoor Ladha on Local Economics, Decentralization of Power, and More

Shareable Magazine - August 8, 2017 - 10:38

Playing for Team Human today, activist trainer and executive director of theRules.org, Alnoor Ladha.

Categories: Economics

The War On Gold Intensifies

Chris Martenson - August 8, 2017 - 10:27

The War on Cash is now spreading to gold.  The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.

They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency.  They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.

These ridiculous moves tell me that we're nearing the end-stage of this long-running farce.  Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage.

Join the conversation »

Categories: Economics

Daily Digest 8/8 - The Quitting Economy, Have Smartphones Destroyed A Generation?

Chris Martenson - August 8, 2017 - 07:43
  • Have Smartphones Destroyed A Generation?
  • The Soft Control Human Hack of the Private Market Rise of “Chip Culture”
  • The Quitting Economy
  • How U.S.- Chinese Tensions Could Impact Energy Policy
  • The Cost Of Light Through The Ages
  • Trump White House Says U.S. Will Join Climate Talks, Despite Leaving Paris Deal
  • Nations Will Start Talks to Protect Fish of the High Seas

Join the conversation »

Categories: Economics

Richard Sylla: This Is An Inherently Dangerous Moment In History

Chris Martenson - August 7, 2017 - 11:42

"The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history."

So says Richard Sylla, Professor Emeritus of Economics and the Former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University's Stern School of Business. He is also co-author of the book A History Of Interest Rates

We invited Professor Sylla onto the podcast after hearing his work favorably referenced by the panel convened at the recent hearing held by the US Congress titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.”

Based on his deep study across the scope of millennia of human history, Sylla warns we are at a dangerous moment in time.

Join the conversation »

Categories: Economics

Check Out Toy Cycle, a New Platform for Families to Swap Toys

Shareable Magazine - August 7, 2017 - 08:02

Entrepreneur Rhonda Collins's twin daughters are the inspiration behind the new online community, Toy-Cycle which launched this month. The toy exchange site will help parents save money by buying fewer new toys for their children while allowing their kids to enjoy a number of different toys.

Categories: Economics

Check Out Toy Cycle, a New Platform for Families to Swap Toys

Shareable Magazine - August 7, 2017 - 08:02

Entrepreneur Rhonda Collins's twin daughters are the inspiration behind the new online community, Toy-Cycle which launched this month. The toy exchange site will help parents save money by buying fewer new toys for their children while allowing their kids to enjoy a number of different toys.

Categories: Economics

Daily Digest 8/7 - Tenants Under Seige, A Tale Of Two Countries

Chris Martenson - August 7, 2017 - 07:56
  • Tenants Under Siege: Inside New York City’s Housing Crisis
  • Struggling Americans Once Sought Greener Pastures, and Now They're Stuck
  • A Tale Of Two Countries (Or How The Fed Enabled Corporate Kingpins To Scalp Billions)
  • How to Catch a 147% Gain in 7 Days
  • There’s a debate raging in science about what should count as “significant”
  • Miranda Devine: Perth electrical engineer’s discovery will change climate change debate
  • NAFTA’s ‘Broken Promises’: These Farmers Say They Got The Raw End Of Trade Deal
  • DA wants agriculture subjects in elementary, high school

Join the conversation »

Categories: Economics

The More Education, the Wider the Gender Pay Gap—Wait, What?

Seattle women make less than men, but especially those with advanced degrees.
Categories: Economics

Daily Digest 8/5 - "Inflate Or Die," Distracting The Public From Economic Decline

Chris Martenson - August 5, 2017 - 07:14
  • Geopolitical Tensions Are Designed To Distract The Public From Economic Decline
  • Only Ten Years After the Last Financial Crisis the Banks Are At It Again
  • STUNNING RESULTS: Four Top Primary Silver Miners Production Plummets
  • “Inflate or Die,” Peak Silver and Gold’s Coming Breakout
  • Kevin Myers
  • Peco bill to hook Chesco man's solar array into grid: $45k
  • David Stockman Warns Trump "The Swamp Is Undrainable"
  • Choosing Your Ride

Join the conversation »

Categories: Economics

WEBINAR: The Health Effect - with Robb Wolf & Chris Kresser

Chris Martenson - August 4, 2017 - 11:45

What specific steps should you consider taking in your own life to improve your physical and mental health, and how can you best incorporate these into your current lifestyle? To answer those questions, we're producing our next Peak Prosperity webinar, titled "The Health Effect", featuring two of the absolute top experts today in functional health: Robb Wolf and Chris Kresser.

The event itself will take place on Wednesday, August 23 at noon EST/9am PST. It will last approximately an hour and a half.

The price to participate in this webinar is $25, unless you are an enrolled member (i.e. paying subscriber) of PeakProsperity.com. In that case, it's FREE

Join the conversation »

Categories: Economics

Daily Digest 8/4 - Good News Friday: Regulating Surveillance Technology, The Race For Floating Wind Farms

Chris Martenson - August 4, 2017 - 08:17
  • Seattle City Council Passes Ordinance to Regulate Surveillance Technology
  • Facing Backlash, Vote Fraud Panel Promises to Protect Data
  • U.S. added 209,000 jobs in July as economy enters ninth year of expansion
  • ACLU investing millions of dollars in Florida to restore ex-felons’ voting rights
  • The Race For Floating Wind Farms Has Begun
  • Questions remain as Gov. Brown signs legislation to address neighborhood-level air pollution
  • Winners of the 2017 National Geographic Travel Photographer of the Year Contest 

Join the conversation »

Categories: Economics

A Manual for the New Era of Activist

Movement-building approaches from the civil rights era get a 2017 update.
Categories: Economics

Off The Cuff: A Dependable Crash Indicator Is Now Flashing

Chris Martenson - August 3, 2017 - 19:36

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Trade Wars
    • Suddenly arising with Russia and China
  • Modern Monetary Theory
    • A delusion that dates back to the days of John Law
  • A Great Crash Indicator
    • RV sales are sending a warning sign
  • Risky Real Estate
    • Private equity will sell fast when times get bad

Chris and John discuss the looming trade wars with Russia and China, the long-term implications of the worldwide credit binge, and the indicators that will presage a systemic correction. John shares his assessment of one of his most trusted crash indicators, RV sales:

This is a typical cycle for RVs. It’s a big toy and people are cocky now because they’ve been working for a little while. They have extremely easy credit. Interest rates are incredibly low. If you’ve got a decent credit score you can buy an RV for 2 or 3% interest and a lot of people are taking advantage of that, just as they spent the last three or four years taking advantage of incredibly cheap car loan terms, and running, basically, an auto sales bubble. They’ve kind of shifted to RVs now, which is yet another sign that the cycle is nearing an end.

This "recovery" is 8 years old now. The typical recovery is 6 years. So we already have an expansion that’s a couple of years longer than normal. It’s actually the third longest since World War II. Which means that, everything else being equal, we should be pretty close to the end of this cycle and ready for a downturn. And now you’ve got indicators like RV sales going just parabolic, indicating that, at least in that little section of the market, money is incredibly easy and buyers are euphoric. And that’s also a sign that things are nearing the end. There are lots of other signs, but that’s one.

Every time there’s a bubble in an asset class, there’s always a new reason for it that appears to explain it. But historically the explanation never holds. The cycle still reasserts itself at some point. And things go back to normal. And I suspect that’ll be the case with RVs at some point.

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.

Join the conversation »

Categories: Economics