Tag Archives: NYC

  • Insider

    Off The Cuff: Why The Market Has To Crash

    Too much bad debt
    by Adam Taggart

    Monday, September 3, 2018, 6:25 PM


    In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

    • Tax-Cut Sugar-High
      • Corporate earning shoot the moon, but wages are little changed
    • Emerging Markets Deja-Vu
      • Crisis always follows borrowing too much debt from foreign creditors
    • Our Captive Political System
      • The democratic dream has long been suffocated by those who control DC
    • A Gold Suprise?
      • Historical precendent strong suggests gold will rebound sharply soon

    As the markets hang at record highs (yet again), Chris and Mish revisit the data — are these levels justified by the data?

    A fresh look makes it very hard to defend them. And while there are lots of reasons to support that conclusion, the core one is the same as it was prior to the 2008 crash: Too Much Bad Debt.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Daily Digest
    Zimbabwe 100 Trillion Dollar Note

    Daily Digest 8/25 – What Happens After Hyper Inflation

    by DailyDigest

    Saturday, August 25, 2018, 5:00 PM

    • Russia Buys Over 800,000 Ounces Of Gold In July After Dumping US Treasuries 
    • BofA's "Emerging Market Crisis" Indicator Was Just Triggered
    • What Happens After Hyper Inflation
    • Could gold do a bitcoin and hit $10,000 an ounce in 2018?
    • More Americans are defaulting on their credit cards: analyst
    • Why are we still relying on government to collect data?
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  • Daily Digest
    Image by Global Landscapes Forum, Flickr Creative Commons

    Daily Digest 8/20 – Trump Admin Dismantling Financial Protections For Military, Fracking Destroying U.S. Water Supply

    by DailyDigest

    Monday, August 20, 2018, 2:41 PM

    • The Trump administration is dismantling financial protections for the military
    • 3 Money Mistakes Baby Boomers Are Making
    • Trump adviser John Bolton on possibly privatizing US war in Afghanistan: I'm 'always open to new ideas'
    • ‘No One Is Ever Really Ready’: Aid-In-Dying Patient Chooses His Last Day
    • My fiance and I took on $500K in debt before NYU's med school went tuition-free
    • Health officials warn about potential exposure to measles in Arizona
    • Sultan Knish: South Africa Goes Zimbabwe
    • U.S. says conserving oil is no longer an economic imperative
    • Cracks In Global Economy Weigh On Oil Markets
    • Avoid low-carb diets if you want to live longer, study suggests
    • India's monsoon floods leave 800,000 displaced, thousands stranded
    • Mosquitoes, dead birds and chickens test positive for West Nile Virus in Contra Costa County
    • Fracking is destroying U.S. water supply, warns shocking new study
    • Trump Administration Hit With 7 Major Environmental Setbacks In Court In Past Week
    • The Really Big One

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  • Daily Digest
    Image via Dreamstime

    Daily Digest 8/13 – A Texan Tragedy, War-torn Syria Split into Three Regions

    by DailyDigest

    Tuesday, August 13, 2013, 3:45 PM

    • What Country Should You Flee to? Citizenship Info for U.S. Asylum Seekers
    • How Laura Poitras Helped Snowden Spill His Secrets
    • N.S.A. Leaks Make Plan for Cyberdefense Unlikely
    • War-torn Syria Split into Three Regions
    • In One Bundle of Mortgages, the Subprime Crisis Reverberates
    • A Texan tragedy: ample oil, no water
    • Lightning Bolt Sparks Fire at Venezuelan Oil Refinery
    • New York Today: Flood Watch

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  • Daily Digest
    Image by Pedro Lozano, Flickr Creative Commons

    Daily Digest 5/29 – BOJ Has Room For More Stimulus, Spain’s ‘Lost Generation’

    by saxplayer00o1

    Wednesday, May 29, 2013, 2:46 PM

    • Spain's 'Lost Generation': Youth Unemployment Hits 57 Percent
    • Euro shares edge higher after ECB stimulus vow
    • Senior citizens struggle with mounting debt
    • Student debt crisis: 'it's like carrying a backpack filled with bricks'
    • Pension liabilities worry city bond-rating agency
    • Next NYC Mayor facing $7.8B fiscal cliff from unions who haven't received a raise in years
    • BoJ boss puts faith in Japan's 'resilience'
    • Euro leaders unite to tackle soaring youth unemployment rates
    • D.C. speed light cameras bring in millions for the District
    • BOJ has room for more stimulus, top Abe adviser says

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  • Blog

    Occupy Wall Street: What’s Really Going On

    by Chris Martenson

    Thursday, October 13, 2011, 12:16 PM


    On Friday, October 7th, a beautiful blue-sky and warm-ish October day, I went to Zuccotti Park in NYC with Livio Sanchez (film editor) and Debby Brand (camera operator) to see firsthand what Occupy Wall Street was all about and record what we could.

    What we found were people united by a sense that our national narrative is off course and that resentment over the patent unfairness of our current system is building. Perhaps the most common expression we found was that people, to varying degrees, thought that there was something systemically wrong.

    Because of this widespread view of ‘everything being wrong,’ there was, naturally, no single message or thing around which everyone had gathered. Instead, the view was simply that the system being discussed — political, capitalist, economic, or monetary — was broken.

    When you hold such a view, there’s really no ‘ask’ that makes sense. If the political system is irretrievably in the clutches of special interests, then voting new members into that system is perceived to be a waste of effort.

    The short video below (less than four minutes) captures well what we observed:

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  • Blog

    Daily Digest – July 17

    by Davos

    Friday, July 17, 2009, 3:00 PM

    • Ratigan and Riholtz Discuss Goldman (Video)
    • The Chinese Equity Bubble: Ready to Burst
    • Social Security spends $700,000 on Phoenix conference
    • NYC: 57% Tax for Top Earners
    • California tax officials: Legal pot would rake in $1.4B
    • Foreclosures rise 15 percent in first half of 2009
    • Poor in Colorado may get free phones
    • Cash-poor Connecticut may sell land, buildings
    • Hedge Fund Buys 5 Billion in Gold Bullion
    • What’s the Real CPI?

    Read More »

  • Blog

    Daily Digest – Apr 13

    by Davos

    Monday, April 13, 2009, 2:40 PM

    • Lawrence H. Summers is the final expression of what is now wrong
    • Krugman on Economy and Stress Tests
    • Chinese to start settling trade in Yuan
    • Zimbabwe shelves own currency for a year: report (H/T Fujisan)
    • Job cuts needed to stop NY bankruptcy: mayor
    • Thai protesters force Asia summit cancellation 
    • CRE: Easter Bunny Found in a Field of Steel
    • Steve Eisman on GE
    • Fearing the Wrong Thing?
    • The Imminent Disinformation Schism
    • Read More »