Tag Archives: Savings

  • Blog
    E_K/Shutterstock

    2014 Year in Review

    The year we piled up risks like a global game of Tetris
    by David Collum

    Friday, December 19, 2014, 4:27 PM

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    I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows.

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  • Blog
    Peak Prosperity

    A National Failure to Save & Invest – Crash Course Chapter 16

    Compounding the challenge of Too Much Debt
    by Adam Taggart

    Friday, October 3, 2014, 11:08 PM

    5

    As detailed in earlier chapters, the US' debts and unfunded liabilities far exceed its assets. But making matters worse, the country is suffering from a prolonged failure to save and invest — both at the personal and national level.

    Being over-indebted and under-capitalized is a recipe for hardship as we move into the future, especially if economic growth is going to be harder to come by (which we forecast in the upcoming chapters on net energy). Each year we continue this deficit makes us less able to withstand systemic shocks (a 2008-style financial crisis, an energy shock, the outbreak of war), some number of which lie undoubtedly ahead at some point.

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  • Daily Digest
    Image by EpSos.de, Flickr Creative Commons

    Daily Digest 7/10 – IMF Cuts Growth Forecast For World Economies, Canadians Struggle With Saving

    by saxplayer00o1

    Wednesday, July 10, 2013, 2:21 PM

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    • Illinois lawmakers seek more information in hunt for fix to $97 billion pension crisis
    • IMF cuts growth forecast for U.S., world economies
    • Nurses' strike hits Portugal hospitals
    • Seniors find it harder to get home-delivered meals (Florida)
    • Chicago gun violence: 74 people shot, 12 killed over July 4 weekend
    • Job cuts: Mining companies to trim operations by 3,500 (Ghana)
    • Financial Crisis Just a Symptom of Detroit’s Woes
    • Furloughs Have Begun for Nearly 50,000 Full-Time Guardsmen Nationwide, Including Guam
    • Mining services industry forced to adapt to end of coal boom in Queensland's Bowen Basin
    • USDA: One In Six Americans Use Food Stamps
    • Puerto Rico sees surge in homeless population
    • Tuition at 14 Pennsylvania universities to rise 3 percent
    • Eurozone jobless rate worse than OECD average
    • Canadians struggle with retirement saving
    • Italy's rating lowered one notch to BBB: S&P
    • Gold borrowing cost hits post-Lehman high
    • Study: State's pension debt spiked since February (California)

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  • Blog
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    Let’s Stop Fooling Ourselves: Americans Can’t Afford the Future

    Unemployment, taxes & unfunded retirements are squeezing us
    by Adam Taggart

    Tuesday, March 12, 2013, 3:24 PM

    61

    The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.

    A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.

    Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently?

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  • Podcast

    Jim Rogers: We’re Wiping out the Savings Class Globally, to Terrible Consequence

    History shows this does not end well
    by Adam Taggart

    Saturday, March 9, 2013, 4:19 PM

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    Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:

    For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don't know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

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