Brent crude recently hit $85 a barrel on its way higher, possibly towards $100, a level some analysts expect by the end of the year. Although it is still a long way from the 2008 record of $147.50, prices in emerging market currencies, which have strongly devalued against the US dollar, are already exceeding the […]
BUENOS AIRES, Argentina (AP) — Soup kitchens are over capacity and barter markets have sprung up throughout communities as Argentines try to cope with a worsening economy and a currency that won’t stop spiraling down against the US dollar. Source: Argentines seek soup kitchens, barter markets amid crisis
The U.S. is experiencing one of the greatest wealth booms in history, but data is making it more clear that it is founded on unsustainable economic bubbles that appear ready to burst in the near future. Source: U.S. Household Wealth Is Experiencing An Unsustainable Bubble
Alissa Quart, author of the new book, Squeezed: Why Our Families Can’t Afford America, suggests that America’s middle class is being wiped out by a cost of living that far outpaces salary increases. A couple earning nearly $140,000 can’t make ends meet without taking after hours jobs? Tiny starter houses cost $680,000 and up? Highly educated […]
Minneapolis Officials Help Teen Get Permits for Hot Dog Stand How many times have we read about a story in which children tried to experiment with a lemon aid or hot dog stand that was closed down quickly and emotionlessly by cranky neighbors and overzealous city authorities? Sadly, it seems to happen a lot, making […]
Chris Martenson, Co-Founder of Peak Prosperity and author of “The Crash Course” provides us a science-based explanation for the apparent escalation in extremism and aggression around the globe, even in the US where we have always assumed that different ideas should not only be accepted but also celebrated as part of our diverse heritage […]
Ray Dalio, Bridgewater Associates founder, recently posted that he is becoming more pessimistic about economic relations between the U.S. and China. Dalio wrote that current geopolitical developments cause him to believe that the probability of trade and other types of wars has increased substantially. Source: Dalio: Odds increasing for trade wars and ‘possibly even shooting […]
Over the past year, much of the growing buzz in finance circles concerning the explosive growth of cryptocurrencies, Bitcoin in particular, has focused on the question of whether they are fairly-priced, revolutionary digital assets or simply newfangled speculative bubbles. Recently, many are asking if the bubble-like characteristics of cryptocurrencies result less from speculative manipulation […]
Take a look at the above chart and marvel at what ten years of unprecedented money printing can do for an asset market like the S&P 500. The current exponential curve from 2008 makes the previous two market peaks look like molehills next to a mountain. Chris Martenson, founder of Peak Prosperity, takes us back […]
Since when do people complain about not paying enough taxes? Since a group of about 400 wealthy corporate executives and professionals found solidarity in concluding that wealth inequality in the country has been stretched to the limits and that any further advantages bestowed upon them through Trump’s Tax plan would only exacerbate the problem. Instead, […]