Economics and Investing:

RBS cries ‘sell everything’ as deflationary crisis nears – G.G.

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Record Numbers Of Retired Americans Are Working Part-Time Jobs – G.G.

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Items from Professor Preponomics:

US News

All of the World’s Money and Markets in One Visualization (Visual Capitalist) An excellent (and terrifying) representation beginning with Bitcoin and ending with derivatives.

Oil Could Fall to $20 but NOT for the Reason You Think (Market Watch) Excerpt: “While oil markets are undoubtedly oversupplied, after a certain point, deteriorating fundamentals have little to do with the price action. ‘Oversupply may have pushed oil prices under $60, but the difference between $35 oil and $55 oil is primarily the USD (U.S. dollar), in our view,’ they wrote.”

International News

RBS Cries “Sell Everything” as Deflationary Crisis Nears (The Telegraph) Excerpt: “The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008.”

Oil Price Shock Affecting Business Outlook Beyond Energy Sector: Bank of Canada (Business Vancouver) Containment is largely a myth. Excerpt: “In its report, the Bank of Canada said, ‘The negative effects of the oil price shock are…increasingly spreading beyond the energy-producing regions and sectors.'”

Here’s What Spooked China Last Night (Business Insider) Excerpt: “… overcapacity may be a bigger problem than we thought.”

Baltic Dry Crashes: Insiders Warn Commerce Has Come to a Halt (Zero Hedge) Excerpt: “Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.”

China Warns No V-Shaped Recovery Coming (Zero Hedge) Excerpt: “His punchline: ‘against such a backdrop, China’s economy is unlikely to achieve a V-shape rebound, but instead an L-shape growth.’But his most dire warning was one which would make an already unhinged Paul Krugman even more unhinged: ‘To deal with the medium and long-term economic malaise, the traditional Keynesianism methodology does not work. A structural reform is thus needed to address the root cause.'”

Personal Economics and Household Finance

Using “the Force” on Weak Minded People (Mark Dice) Spoiler Alert and a Suggestion: Don’t give out your personal information to people you don’t know and for purposes you cannot confirm. Once again it’s difficult to imagine falling for this sort of thing, but people do it all the time.