While he argued that the bull market has run out of steam, a point I’ve been making for a couple of years based on my belief that we entered a bear market in 2014 as the Fed ended its last bout of quantitative easing (QE) in October 2014, he pointed to a very important point: Investors are operating in an environment where the riskless rate of return is so low that it is increasingly difficult to generate positive returns on their capital.
“You can’t grow at 6 percent and have your balance sheets grow faster,” Fink said in a Bloomberg Television interview with Angie Lau on the sidelines of a forum in Hong Kong on Tuesday. “In the future, I would prefer seeing the economy growing 6 percent with some form of deleveraging,” he said.
The human desire to seek can help make sense of studies showing that achieving major goals, or even winning the lottery, doesn’t cause long-term changes in happiness. But our drive to look ahead needn’t cause a permanent state of dissatisfaction, as seeking is itself a fulfilling activity. Evan Thompson, a philosophy professor at the University of British Columbia, says that the entire field of philosophy can be seen as an expression of this seeking impulse. Rather than coming up with a philosophical answer and then resting, content with the solution, Thompson says many philosophers would say the quest is an end in itself.
Multiple Collapse Triggers Everywhere (pinecarr)
What is the timing for the next financial calamity? “V,” who hides his real name and identity to protect his job at an international precious metals company, says, “My sources say 2017 is going to be monumental time they put on their calendar. I was also told by them this fall is looking pretty bad. In 2016, we will see a lot of events, and in 2017, this thing really comes apart. One of the things I said was that by the end of 2015, the dollar will be completely undermined as a world reserve currency, and it did become undermined. You have a lot of alternate payment systems, and the infrastructure for those systems come into place. I have also said the Pacific and Atlantic would become the moats of our isolation.”
Mr. Ryan was among the first to publicly note his lack of a relationship with Mr. Trump as a factor in his uncertainty about endorsing him. But multiple Republican members of Congress, when asked, said they had never met the billionaire developer. A few Republican senators active in the National Republican Senatorial Committee said they had briefly met Mr. Trump in his office during a past fund-raising expedition to New York.
While Obama severely restricted the public’s access to information under the U.S. Freedom of Information Act, his secretary of state effectively gutted the FOIA—at least as it pertained to her. Clinton stored all of her work-related email on a secret server in her home, an unprecedented action that skirted federal policies and put her digital correspondence outside the reach of the general public and congressional overseers.
The kind of multigenerational drug use he was describing was not uncommon in their town, Austin, in southern Indiana. It’s a tiny place, covering just two and a half square miles of the sliver of land that comprises Scott County. An incredible proportion of its 4,100 population – up to an estimated 500 people – are shooting up. It was here, starting in December 2014, that the single largest HIV outbreak in US history took place. Austin went from having no more than three cases per year to 180 in 2015, a prevalence rate close to that seen in sub-Saharan Africa.
The latest policies have had two effects. First, un-employment, workforce participation rate have not increased through the “recovery”. The outcome is reduced social mobility or even mocing down the social scale (from middleclass to poor). Social mobility is a social contract which maintains social cohesion, without it social unrest will quickly ensue. Secondly, the great recession has seen the middle-class shrink, the effect of this is that the demand for goods and servcies has shrunk. Without a demand for goods from a growing middle class; trade, tax collection and jobs will not recover. Disasters such as hyper/high inflation, deflation and resources scarcity become more likley in this environment.
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