(Bloomberg) — Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor. Now that housing prices are again at historic highs, Kiesel is thinking of selling again. Can he be […]
Helena Norberg-Hodge has been arguing for localism since the 1970s, but the pandemic is making the Australian activist-scholar’s ideas more relevant than ever. — Read on www.nytimes.com/2020/10/09/world/australia/norberg-hodge-local-organic-australia.html
Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief. Source: A Depression-Era Idea Gets a New Look: Local Money – Bloomberg
‘Everyone tested positive’: Covid devastates agriculture workers in California’s heartland Read more about how California’s agricultural sector is struggling to survive during the current economic crisis, and what the implications might be. — Read on www.yahoo.com/news/everyone-tested-positive-covid-devastates-100005164.html
The Corona Virus outbreak is expected to bring hardship to many parts of the economy, including the still overvalued housing sector. Once the virus contagion subsides and economy starts up again, baby boomers are expected to flood the housing market as they try to downsize and extract equity from their homes in order to cover […]
The world’s advanced economies are trying to keep their balance on an unstable platform of high consumption, asset prices and household debt as we enter the 2020s. Any significant shock or increase in volatility could trigger “doom loops” that compromise the economic and financial systems. — Read on finance.yahoo.com/news/economic-doom-loops-harder-avoid-000035999.html
We haven’t seen anything like this since the Great Depression of the 1930s. — Read on www.zerohedge.com/news/2019-08-13/average-us-farm-13-million-debt-and-now-worst-farming-crisis-modern-history-upon-us
Want to know what to do when the economy starts to decline? Take a look at what the superrich are doing and plan accordingly. Source: The Superrich Are Selling Stocks, Buying Properties and Keeping Cash Ready – Barron’s
Care about preserving your wealth and happiness? Understand the unfolding challenges to our future & take prudent action now! — Read on www.peakprosperity.com/why-the-next-downturn-will-be-the-most-destructive-in-modern-history-and-why-you-must-act-now-in-order-to-preserve-your-wealth-and-the-planet/
Ray Dalio, founder of Bridgewater, the world’s largest hedge fund, believes current economic conditions are similar enough to those in the 1930’s to warrant significant portfolio reallocations, including holding at least five to ten percent in gold. — Read on finance.yahoo.com/news/ray-dalio-sees-parallels-1930s-170410932.html