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Tag Archives: California

  • Blog
    © Blueximages | Dreamstime.com

    Time to Focus on ‘Return of Capital’

    Reflections on the day after the election
    by Adam Taggart

    Wednesday, November 7, 2012, 5:01 PM

    125

    I am more concerned with the return of my money than the return on my money.

    – unknown (often attributed to Mark Twain or Will Rogers)

    The U.S. Presidential race is now behind us. And this morning the world woke up and realized that all the issues the election postponed now lie before us.

    In his victory speech, President Obama focused on moving 'forward':

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  • Insider
    © Andym68 | Dreamstime.com

    Off the Cuff: On the Knife’s Edge

    Options are running out across the board
    by Adam Taggart

    Friday, October 26, 2012, 3:11 AM

    33

    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • Phony employment
      • More workers being hired to do less work more poorly
    • Phony hopium
      • Despite QE3, over half the companies reporting Q3 earnings are under analyst expectations
    • Germany entering recession
      • The EU's only functioning economic engine is sputtering
    • Japan on the knife's edge
      • Between crushing deflation and currency destruction
    • Time for our politicians to clarify our priorities
      • What are we not going to do?

    As we enter the fall and the upcoming elections, we find the status quo is becoming less and less sustainable on many fronts.

    [Short summary tonight due to WS game 2. With all respect to Bob and Jim H — Go Giants!!]

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  • Blog
    San Onofre power plant via the Nuclear Regulatory Agency

    The Dawn of the Great California Energy Crash

    Like CA, more states will soon ask, "Where will our energy c
    by Gregor Macdonald

    Monday, July 23, 2012, 12:46 AM

    39

    California, which imports over 25% of its electricity from out of state, is in no position to lose half (!) of its entire nuclear power capacity. But that’s exactly what happened earlier this year, when the San Onofre plant in north San Diego County unexpectedly went offline. The loss only worsens the broad energy deficit that has made California the most dependent state in the country on expensive, out-of-state power.

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  • Insider
    © Norebbo | Dreamstime.com

    California: The Bellwether for the Rest of America

    Time to take notes or suffer the same fate
    by Gregor Macdonald

    Monday, July 23, 2012, 12:44 AM

    9

    Executive Summary

    • Escalating energy costs (direct and indirect) create a vicious cycle in the economy that further hinders growth/recovery
    • Overspending and other poor capital allocation decisions by state governments are compounding the problem
    • California spends $1 on public transit vs. $10 on automobile-related investment, a gap that energy costs will soon painfully reverse
    • Solutions are hard to come by and harder to fund, but without investment, alternative systems won't ever achieve scale
    • California's future is increasingly easy to predict; individuals and other state governments better take notes or suffer the same fate

    If you have not yet read Part I: Dawn of the Great California Energy Crash, available free to all readers, please click here to read it first.

    A key feature in the post-war industrial success of countries like South Korea and Japan, given that they had virtually no domestic energy supplies, was the ability to turn a profit from manufacturing powered by imported energy. This favorable equation relied on three key factors:

    • That imported energy remained a cheap input cost compared to the high margin value of exported goods
    • That energy producing countries had cheap energy to export
    • That purchasers of the exported goods were growing, and were running their own economies on cheap energy

    These are the exact same assumptions still being made — and extrapolated into infinity — about California's economy.

    Are we really to believe that California's GDP can forever deindustrialize, requiring fewer and fewer energy inputs, while growing in profitability, thus providing the capital to access/import energy — at any price?

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  • Podcast

    Jim Puplava: Oil Is the New Federal Funds Rate

    Chronic overspending & peak-oil will choke meaningful growth
    by Adam Taggart

    Sunday, June 17, 2012, 11:28 AM

    1

    Jim Puplava has made a decades-long career of interviewing hundreds of notable experts on the economy, energy, precious metals, geopolitics, agriculture, and other sectors that impact our future. 

    The outlook he has developed as a result of all this input is less than sanguine. Jim concludes that economic growth will be constrained both by world governments' chronic addiction to spending more revenue than they take in and by the systemically rising costs of fossil-fuel-driven energy.

    In terms of growth, he sees political leadership becoming less and less relevant in its ability to effect outcomes. In fact, he declares the price of oil as now being more influential in stimulating or depressing sovereign economies than central bank interest rates. In his words, "Oil is the new Federal Funds rate."

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  • Blog
    www.commonwealthclub.org

    Chris speaking at The Commonwealth Club of California TOMORROW 4/24

    Tuesday, April 24 @ 7pm PST
    by Adam Taggart

    Monday, April 23, 2012, 3:22 PM

    10

    To those of you in the San Franscisco Bay area: Chris is speaking at the Commonwealth Club of California tomorrow night.

    This marks Chris' return to the CWC, where he spoke to a standing-room-only crowd three years ago. Tomorrow, they're giving him a bigger venue and the event will be televised for future broadcast.

    Chris and I will remain after the main interview is completed to meet with any CM.com members that are able to attend. If you live close enough to make the event, we're looking forward to meeting you.

    Here are the details on the event from the CWC's website:

     

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  • Blog

    Reminder: Chris in California October 12-17

    by Adam Taggart

    Thursday, October 6, 2011, 3:35 PM

    0

    We’re re-posting this as a reminder that Chris’ trip to northern California is just one week away. If you live west of the Rockies and want to meet Chris in person, now’s your chance.

    Attention West Coasters: Chris will be in California October 12-17, appearing at several public venues.

    For the chance to meet the man in person, get out your calendars – his itinerary is below.

    His appearances will address recent developments across the Three E’s and use the Crash Course framework to explain which future scenarios are most probable. Chris will present his recommendations for weathering a future defined by “less”: focusing on developing resiliency at the individual and local levels in enterprise, energy and agriculture. Three questions emerge and will be explored: what should we start doing, what should we continue doing and what should we stop doing?

    Here are the venues where you can catch Chris during his West Coast tour:

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  • Blog

    Chris in California October 12-17

    by Adam Taggart

    Thursday, September 15, 2011, 5:26 PM

    0

    Attention West Coasters: Chris will be in California October 12-17, appearing at several public venues.

    For the chance to meet the man in person, get out your calendars – his itinerary is below.

    His appearances will address recent developments across the Three E’s and use the Crash Course framework to explain which future scenarios are most probable. Chris will present his recommendations for weathering a future defined by “less”: focusing on developing resiliency at the individual and local levels in enterprise, energy and agriculture. Three questions emerge and will be explored: what should we start doing, what should we continue doing and what should we stop doing?

    Here are the venues where you can catch Chris during his West Coast tour:

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  • Blog

    Daily Digest 2/23 – States Seek Ways To Solve Budget Woes, Debt Relief In Egypt?, The Rising Cost Of Everything

    by saxplayer00o1

    Wednesday, February 23, 2011, 3:48 PM

    0
    • California Fees Boost Traffic Fines To Aid Budget
    • Detroit Ordered to Close Half Its Public Schools Amid Budget Crisis
    • States Ignored Warnings On Unemployment Insurance
    • Wisconsin Governor Warns Of Layoffs
    • Portugal’s Debt D-Day Nears
    • Russia May Extend Grain Export Ban: Minister
    • Wisconsin Labor Fight Spreads to Ohio, Oklahoma and Indiana
    • Gaddafi orders oil sabotage, source tells Time columnist
    • Treasury Tools Less Effective as Debt Limit Nears
    • Egypt Seeking Debt Relief From European Union
    • “I Won’t Pay” Movement Grips Debt-Ridden Greece
    • Uninsured’s Numbers Surge During Recession
    • NWS Could Be Cut
    • VF Corp To Raise Prices
    • Big Airlines Try To Raise Fares Again
    • Hormel Raising Prices
    • Cost Of … Everything … About To Go Up
    • Parking Prices Going Up With New Meters
    • Beachgoers burning mad over looming parking fees
    • Major Fee Increase Proposed For DMV Business
    • Brazil Central Bank Sold $848.2M In Reverse Swap Contracts
    • Adams ‘Dismisses’ Irish IMF Obligations
    • Seafood Sellers Say Prices Are on the Rise

    Crash Course DVDThe Special Edition DVD, in a unique 3-disc format with presenter’s pack to guide live showings. (NTSC or PAL)

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  • Blog

    Daily Digest 1/25 – Home Prices Declined, U.K. Economy Shrinks in Winter Freeze, CA & EPA Work on Auto Standards

    by DailyDigest

    Tuesday, January 25, 2011, 4:00 PM

    0
    • The Great Debt Shift
    • Silver Coin Sales, ETF Outflows Show Divergence In Market
    • Home Prices in U.S. Declined 1.6% From Year Earlier
    • US Stocks Open Lower As Blue-Chip Earnings Weigh
    • January Consumer Confidence Jumps
    • U.K. Economy Unexpectedly Shrinks in Winter Freeze
    • California, EPA to Work on Joint Auto Standards

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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