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Tag Archives: crash

  • Daily Digest
    Image by wstryder, Flickr Creative Commons

    Daily Digest 11/28 – IL Hikes Property Taxes To Pay For Pensions, The Insect Apocalypse Is Here

    by saxplayer00o1

    Wednesday, November 28, 2018, 2:22 PM

    2
    • Jacksonville City Council votes to raise tax levy
    • Norridge hikes property taxes by more than 35 percent to pay for pensions (Illinois)
    • Pension board seeking to raise teacher retirement age in New Mexico
    • 10 Cities Where Americans Are Deepest in Debt—but Still Buy Homes!
    • China to Designate More Institutions as Too-Big-to-Fail
    • Italy budget: Rome vows to stick to plans, despite EU concerns
    • ECB's Draghi: QE will end in Dec. despite data
    • The Federals Are Coming!
    • PG&E-friendly wildfire bill being prepared by state lawmakers in wake of lethal Butte County inferno
    • The Insect Apocalypse Is Here
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  • Podcast

    Scott Tinker: Can The World Energy Supply Become Fully Sustainable?

    Just possibly, but we'll have to make HUGE changes
    by Adam Taggart

    Wednesday, November 21, 2018, 2:43 AM

    20

    As we claim often here at PeakProsperity.com: Energy is everything.

    Will our global society be able to transtiton off of its extreme dependence on fossil fuels? And if so, can we do so without too much pain?

    Scott Tinker is the Director of the Bureau of Economic Geology at the University of Texas at Austin, and founder of the non-profit Switch Energy Alliance, which is dedicated to helping humanity address these key questions.

    Tinker remains confident a much better future energy-wise is possible; but will require a tremendous shift in behavoir, investment and technological innovation.

    In his eyes, society can make the transition. But will it? That's a lot less certain…

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  • Insider
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    Off The Cuff: A Dependable Crash Indicator Is Now Flashing

    RV sales are signalling signs of a blow-off top
    by Adam Taggart

    Friday, August 4, 2017, 2:36 AM

    18

    In this week's Off The Cuff podcast, Chris and John Rubino discuss:

    • Trade Wars
      • Suddenly arising with Russia and China
    • Modern Monetary Theory
      • A delusion that dates back to the days of John Law
    • A Great Crash Indicator
      • RV sales are sending a warning sign
    • Risky Real Estate
      • Private equity will sell fast when times get bad

    Chris and John discuss the looming trade wars with Russia and China, the long-term implications of the worldwide credit binge, and the indicators that will presage a systemic correction. John shares his assessment of one of his most trusted crash indicators, RV sales:

    This is a typical cycle for RVs. It’s a big toy and people are cocky now because they’ve been working for a little while. They have extremely easy credit. Interest rates are incredibly low. If you’ve got a decent credit score you can buy an RV for 2 or 3% interest and a lot of people are taking advantage of that, just as they spent the last three or four years taking advantage of incredibly cheap car loan terms, and running, basically, an auto sales bubble. They’ve kind of shifted to RVs now, which is yet another sign that the cycle is nearing an end.

    This "recovery" is 8 years old now. The typical recovery is 6 years. So we already have an expansion that’s a couple of years longer than normal. It’s actually the third longest since World War II. Which means that, everything else being equal, we should be pretty close to the end of this cycle and ready for a downturn. And now you’ve got indicators like RV sales going just parabolic, indicating that, at least in that little section of the market, money is incredibly easy and buyers are euphoric. And that’s also a sign that things are nearing the end. There are lots of other signs, but that’s one.

    Every time there’s a bubble in an asset class, there’s always a new reason for it that appears to explain it. But historically the explanation never holds. The cycle still reasserts itself at some point. And things go back to normal. And I suspect that’ll be the case with RVs at some point.

    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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  • Blog
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    How Long Can The Great Global Reflation Continue?

    And what will happen when it ends?
    by charleshughsmith

    Saturday, May 20, 2017, 12:01 AM

    17

    Given the extraordinary failure of both Keynesian stimulus and private-sector credit growth to create a self-sustaining cycle of expansion whose benefits flow to the entire workforce rather than to the top few percent, what can we expect going forward? Can we just keep doubling and tripling the economy’s debt load every few years? What if household incomes continue declining? Are these trends sustainable?

    In the near-term, is this Great Reflation running out of steam, or is it poised for yet another leg higher? Which is more likely?

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  • Insider

    Positioning Yourself For The Crash

    Steps to take before crisis arrives
    by Chris Martenson

    Friday, March 24, 2017, 4:05 PM

    14

    Executive Summary

    • Why economic growth is not going to ride to the rescue
    • The alarming warning signs the auto, fine art, retail & housing industries are flashing now
    • The actions you should be taking now to protect yourself from (and position for) the coming crash

    If you have not yet read Part 1: Why This Market Needs To Crash  available free to all readers, please click here to read it first.

    Sometimes I wonder if I'm ever going to run out of new things to say about the state of the world, especially economics.  The more obvious our predicaments become to me, the less appetite there seems to be ‘out there’ to discuss them.

    What more can be said about a system that is so obviously corrupt and destined to fail, and piles up more and more evidence that this is the case, and yet refuses to engage in the most minimal of introspection? 

    Well, lots as it turns out. 

    You see, we're finally getting to beginning of the end.  Our long national — and global — experiment with using flawed economic models is now running smack dab into reality.

    The edifice of central planning omnipotence is crumbling and when it finally breaks down in earnest, the financial markets will implode, the central banks will be overrun and discredited, and investors will discover that overly-long parties come with massive hangovers.

    There will be hell to pay.

    For reasons we have discussed previously, and extensively,  GDP growth has not been a feature of the world stage for over a decade, and is unlikely to return both because of debt levels that are far too high to support rapid growth and because any return of rapid growth will run smack into higher oil prices.

    So…how’s that story working out?  Not so hot.  It’s been sub-par on a global scale for more than a decade. And the same is true for the US.

    And here’s where we are today…

     

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  • Podcast

    Harry Dent: Stocks Will Fall 70-90% Within 3 Years

    Creating the buying opportunity of a lifetime
    by Adam Taggart

    Monday, January 30, 2017, 5:02 PM

    56

    Economist and cycle trend forecaster Harry Dent sees crushing deflation ahead for nearly every financial asset class. We are at the nexus of a concurrent series of downtrends in the four most important predictive trends he tracks.

    Laying out the thesis of his new book The Sale Of A Lifetime, Dent sees punishing losses ahead for investors who do not position themselves for safety beforehand. On the positive side, he predicts those that do will have a once-in-a-generation opportunity to buy assets at incredible bargain prices once the carnage ends (and yes, for those of you wondering, he also addresses his outlook for gold).

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  • Insider

    Hoping For A Market Crash

    If we inflate much higher, the fall is likely to kill us
    by Chris Martenson

    Thursday, July 28, 2016, 5:32 AM

    36

    We desperately need to have new national and global conversations about everything from how we’ll feed everyone in 2050, to developing a coherent sustainable energy policy, to the fact that each year is hotter than the year before, to the idea that we’re living with a soul crushing sense of scarcity in a world of abundance.

    There’s lots that needs addressing, and the process should begin with letting go of the old narrative so that we can make space for assembling the new one.

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  • Insider
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    And…..It’s Gone!

    Market value everywhere is vaporizing fast
    by Chris Martenson

    Wednesday, January 20, 2016, 4:00 PM

    79

    The deflation monster was evident across the global markets today, and the possibility of a market crash remains as high as ever.

    In the overnight session on Tuesday, everything fell apart.

    We can now clearly see the tracks of the deflation monster stomping across the world stage. While a retreat into bonds (safety) has happened, that’s just the normal first reaction to such a terrible financial situation.  However, those bonds will prove to be roach motels as the next stage of this monster will be massive bond defaults of all varieties.

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  • Blog
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    The Deflation Monster Has Arrived

    And it sure looks angry
    by Chris Martenson

    Saturday, January 16, 2016, 12:53 AM

    46

    As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling.

    Just in the two weeks since the start of 2016, the US equity markets are down almost 10%. Their worst start to the year in history. Many other markets across the world are suffering worse.

    If you watched stock prices today, you likely had flashbacks to the financial crisis of 2008. At one point the Dow was down over 500 points, the S&P cracked below key support at 1,900, and the price of oil dropped below $30/barrel. Scared investors are wondering:  What the heck is happening? Many are also fearfully asking: Are we re-entering another crisis?

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  • Insider
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    Off The Cuff: A Lot Of Deterioration…

    The global economy's woes have worsened quickly
    by Adam Taggart

    Thursday, January 14, 2016, 6:26 AM

    14

    In this week's Off The Cuff podcast, Chris and Brian Pretti discuss:

    • A Lot Of Deterioration
      • Why 2016 is off to a very grim start
    • There Will Be Blood
      • The carnage from the drop in oil prices will be horrific
    • Ugly, Ugly Data
      • The economic numbers are shouting sickness worldwide
    • Gold
      • Why 2016 will mark the low
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