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Economics

Daily Digest 6/12 - Bond Market Doomsayers Sound Alarm, UK Feels Pinch As Brexit Looms

Chris Martenson - June 12, 2017 - 08:02
  • Bond Market Doomsayers Sound Alarm as Margin of Safety Vanishes
  • Preparing for ‘Brexit,’ Britons Face Economic Pinch at Home
  • Britain's PM May to face her party's anger amid post-election tumult
  • This Tech Trend Is Inescapable
  • Automakers Prioritize Climate Despite Trump’s Decision
  • There are more than 2 million electric vehicles on the road around the world
  • For Climate Cause, Trump’s Withdrawal from Paris Accord Just One Hurdle Among Many
  • New threats to public lands endanger America's unique wildlife corridors

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Categories: Economics

Steen Jakobsen: 60% Probability Of Recession In The Next 18 Months

Chris Martenson - June 11, 2017 - 15:46

Steen Jakobsen back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.

In his view, the world economy is sputtering badly. So badly, that he's confident predicting a global recession by 2018 -- or sooner.

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Categories: Economics

Daily Digest 6/11 - Canada’s Middle Class On The Brink of Ruin, Where's Your Gold?

Chris Martenson - June 11, 2017 - 06:49
  • Canada’s Middle Class Is on the Brink of Ruin
  • DeVos Says More Money Won't Help Schools; Research Says Otherwise
  • The Scripting of the New World Order Narrative
  • Where's Your Gold?
  • The dark psychology of dehumanization, explained
  • Seizing on Opioid Crisis, a Drug Maker Lobbies Hard for Its Product
  • The Internet needs paid fast lanes, anti-net neutrality senator says
  • Pipes at 1,291 Homes Replaced So Far through Mayor Weaver’s FAST Start Initiative

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Categories: Economics

Get Ready For The Coming Massive Correction

Chris Martenson - June 9, 2017 - 16:46
Executive Summary
  • The economic data is getting darker fast
  • The over-indebtedness of the economy is the worst it's ever been
  • Predicting the timing of the next major market correction
  • As the risks mount, what should the concerned investor do?

If you have not yet read Part 1: Why The Markets Are Overdue For A Gigantic Bust available free to all readers, please click here to read it first.

The Data Says…Another Downturn Is Upon Us

Our view is that a massive market correction is coming, one that may well rip the financial markets apart, and cause very long-term and long lasting damage, possibly to the point of taking generations to repair in any meaningful sense.

In fact things may never actually recover to the current heights because recovery requires energy and there simply isn’t the net energy per capita that existed in the past.

For now, we see plenty of signs of fundamental economic weakness, and this is not surprising at this stage of the so-called economic expansion.  The truth is this expansion has been phony to a large degree, and quite probably should have broken down many times in the past, most recently in early 2016.

But the central banks prevented that and we can all feel thankful at the extra time that has provided us to become more resilient under reasonably calm circumstances.

And yet, the one thing that central banks have never been able to do is...

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Categories: Economics

Why The Markets Are Overdue For A Gigantic Bust

Chris Martenson - June 9, 2017 - 16:38

As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy.

It's just too clear to me that doing so presents plenty of dangers, due what we might call 'economic gravity': What goes up, must also come down.

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Categories: Economics

Daily Digest 6/9 - Good News Friday: Pittsburgh To Move To 100% Renewables, Bees Are Saving Themselves

Chris Martenson - June 9, 2017 - 08:30
  • TokenCard: An Ethereum Smart Contract Powered Debit Card
  • NYC pension fund to back out of investments in private prisons
  • Why Corbyn Won
  • Providence City Council approves Providence Community-Police Relations Act
  • Chile convicts 106 former intelligence agents
  • Pittsburgh plans to power itself with 100% renewable energy
  • EU-China Summit: moving forward with our global partnership
  • How Buzzing Bees Are Helping Save Themselves

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Categories: Economics

As Climate Change Threatens Food Supplies, Seed Saving is an Ancient Act of Resilience

Shareable Magazine - June 8, 2017 - 13:08

On Feb. 26, 2008, a $9-million underground seed vault began operating deep in the permafrost on the Norwegian island of Spitsbergen, just 810 miles from the North Pole. This high-tech Noah's Ark for the world’s food varieties was intended to assure that, even in a worst-case scenario, our irreplaceable heritage of food seeds would remain safely frozen.

Categories: Economics

How One City in Spain Launched a Local Currency

Shareable Magazine - June 8, 2017 - 09:18

During her 2015 campaign, Barcelona's mayor Ada Colau promoted the idea of launching a local currency in her city. Colau viewed a local currency as a way of defending independent businesses and residents from rapidly-rising rents and benefits that are disproportionately reaped by corporate chains instead of local stores. Though the community currency failed to materialize in Barcelona, the city immediately to its northeast, Santa Coloma de Gramanet, created a local currency this year.

Categories: Economics

5 Ways the Denver Public Library Supports the City's Homeless Population

Shareable Magazine - June 8, 2017 - 08:09

My work at the Denver Public Library over the past year and a half has opened my eyes to the innovative ways in which libraries can play a role in addressing the needs of a city's homeless population. The rate of homelessness in Colorado is staggering, and it is unfortunately on the rise. Last year the number of homeless people in the state rose by 13 percent, according to a report by the U.S.

Categories: Economics

Daily Digest 6/8 - A Corruption Machine, The Other Infrastructure Boom

Chris Martenson - June 8, 2017 - 06:17
  • This Canadian Ethereum Blockchain Dev Wants You to Avoid Expensive Lawyers
  • How Seven Trump Associates Have Been Linked to Russia
  • British General Election: Final Forecasting Prediction
  • No One Has Ever Made a Corruption Machine Like This One
  • Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
  • The Other Infrastructure Boom
  • What Is Behind The Diplomatic Crisis In The Persian Gulf?
  • How a Single Gene Could Become a Volume Knob for Pain

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Categories: Economics

Off The Cuff: Signs Of An Approaching Downturn

Chris Martenson - June 7, 2017 - 21:00

In this week's Off The Cuff podcast, Chris and Wolf Richter discuss:

  • The Late-Stage Housing Bubble
    • From the US, to Canada, to China
  • Signs Of The Approaching Downturn
    • Data everywhere is flat-lining
  • Soaring Debt Levels
    • At levels that make 2008 look tame
  • Canary In The Coal Mine
    • The bullet-proof Bay Area showing weakness?

The diverse data sets that Wolf tracks are showing increasing signs of building weakness across the global economy:

We see weakness all over the place now in the United States. In terms of the corporate credit cycle, we have commercial and industrial loans flat-lining since November, meaning they have grown very strongly from the financial crisis and they peaked in October. Since then, it’s all just flat-lining.

And the only time this ever happened in the past, it’s been affiliated with a recession because these are loans that companies take out to fund equipment purchases and for expansion purposes and for the things that are useful to an economy. These are not loans that are used to buy back stocks. This is not for financial engineering. These are actual productive funds. And when you see companies putting a lid on this, they’re not expanding anymore. They’ve borrowed as much as they’re going to borrow, and at some point, these commercial industrial loans will turn down. And this has happened in every recession before.

Plus, we have now a surge in bankruptcies in the United States in terms of commercial bankruptcies. I just did a report on that earlier in May. The prior peak in bankruptcies was during the financial crisis.

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

What Does it Mean to Unlock the Next Economy?

Shareable Magazine - June 7, 2017 - 12:26

Unlocking the Next Economy is about creating access to the physical assets of historical organizations with social purpose to support local economic change. Stir To Action's year-long pilot will explore how these physical assets can be an important part of Community Economic Development (CED), and how un-and underused churches could specifically be a part of this process. 

The opportunity?

Categories: Economics

Daily Digest 6/7 - Household Debt On The Rise, Costs And Consequences Of IL Budget Crisis

Chris Martenson - June 7, 2017 - 06:10
  • List: Costs and consequences of Illinois' budget crisis
  • Oregon PERS cost-cutting proposal includes 'risk sharing' account
  • 4 things you need to know about the new state pension reform plan (Pennsylvania)
  • Venezuela looks to sell discounted $5B in bonds
  • Puerto Rico highway creditors take 'clawback' fight to court
  • Australians curb spending as household debt balloons
  • Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover

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Categories: Economics

Important Info Regarding Today's Webinar

Chris Martenson - June 6, 2017 - 19:51

Our End Of Money webinar -- featuring David Stockman, Axel Merk and G. Edward Griffin -- is happening today from Noon-3pm EST.

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Categories: Economics

Podcast: Cheyenna Weber on the History and Future of the Solidarity Economy

Shareable Magazine - June 6, 2017 - 14:30

In this episode, we spoke with Cheyenna Weber, co-founder of SolidarityNYC and a lead organizer of the Cooperative Economics Alliance of NYC, or CEANYC. 

Categories: Economics

Daily Digest 6/6 - Slow Crash, Behind The Velvet Rope

Chris Martenson - June 6, 2017 - 07:42
  • Journalism’s next frontier: crossing the threshold from having to being
  • Academic Chongyi Feng: profits, freedom and China’s ‘soft power’ in Australia
  • Slow Crash 
  • Bitcoin: Money or Mania?
  • Generations, Disabled
  • The Doctor Is In. Co-Pay? $40,000
  • The View From Behind The Velvet Rope 
  • Baby teeth link autism and heavy metals, NIH study suggests 

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Categories: Economics

Mad City Breaks the Mold of Urban Planning Conferences

Shareable Magazine - June 6, 2017 - 02:13

When the world turns upside down, it's time to question all your assumptions. That seems to have been the premise for Mad City, an event for urban planners I recently attended in Riga, Latvia. Conceived by Neils Balgalis and his urban planning team at Grupa93, Mad City pushed the boundaries of what is normally discussed at urban planning conferences — some of the topics addressed include marijuana legalization, drones, squatting, self-driving cars, and Sharing Cities. 

Categories: Economics

After Coal, a Small Kentucky Town Builds a Healthier, More Creative Economy

A complex network of local organizations helps neighbors support one another as they rebound from a dying industry.
Categories: Economics

CropMobster: How To Put Your Local Food System To Its Highest Use

Chris Martenson - June 5, 2017 - 14:05

In the developed world, we waste a LOT of food.

In America alone, it’s estimated that up to 40 percent of the post-harvest food supply is discarded, according to The Journal of the Academy of Nutrition and Dietetics. That represents more than 1,200 calories per day for every man, woman, and child in the U.S. -- just thrown into the trash. Yet at the same time we have food access issues and nutritional deficits that result in widescale health problems and hunger nationwide, despite having more than enough nutritional calories to go around. Our food system is a mess -- and it doesn’t have to be that way.

In this week's podcast, we talk with Nick Papadopoulos, founder of CropMobster; an innovative company focused on helping communities dramatically improve the potential of their local food sheds. Nick explains how CropMobster provides a platform that any community can build on to connect local producers with local consumers in ways that boost economic development, reduce wastage of food and other resources, and assist local hunger relievers:

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Categories: Economics

Sharing Cities: Using Urban Data to Reclaim Public Space as a Commons

Shareable Magazine - June 5, 2017 - 10:30

You may have heard of smart cities that use data to improve urban networks like public transportation systems. In the shadow of this well-marketed story is another narrative around data in the city; a story where the right to the city extends to the digital realm. Here are two initiatives where reclaiming citizens' control over data has enabled practices that run counter to mainstream narratives of market-driven urban development — practices of commoning data and urban spaces, together.

Categories: Economics