One-fifth of U.S. workers were laid off in past five years, study says – G.G. o o o When income growth hits a brick wall o o o Two inflation hawks to leave Fed. – RBS Items from Mr. Econocobas: Pending Sales of U.S. Existing Homes Fell 1% in August Is There a Subprime Auto Loan Bubble?
As equities continued to rise during the advance into the 2007 price top, I screamed from the roof tops that it was a bear market advance and that the efforts to prop the markets up only served to make matters worse. That certainly proved to be the case as those efforts resulted in the worst financial crisis since The Great Depression. Yet, as a result of the worst financial crisis since The Great Depression, the response to that event was the massive bailouts and even more of the same things that created that event in the first place. Seriously, think …
Leaving dead presidents in peace. In short, the bankers and governments would like to coerce people to buy things they do not need and to invest in an unstable and corrupt system. Greed and corruption know no bounds. – K.K. Global Market Collapse & Wealth Destruction Is Now Upon Us . – J.W. o o o Russia’s Gold Reserves Continue To SOAR o o o Items from Mr. Econocobas: Consumer Comfort in U.S. Falls to Lowest Since Early June
Is U.S. Gas Really Expensive, And Will It Get Cheaper? – J.S. o o o Gold to go, anyone? – G.G. o o o Items from Mr. Econocobas: Peak Debt: Why The Keynsian Money Printers Are Done The Escape Velocity Delusion: Running Out Of “Next Year” Bank of Japan Emerging as Big Japanese Stock Buyer Largest Public Pensions Face $2 Trillion Hole, Moody’s Says
1 in 4 Americans 25-54 Not Working. – G.G. o o o Items from Mr. Econocobas: Treasuries Gain on Jobless Claims Amid Demand for Yield U.S. Durable Goods Orders Fall 18.2% in August Is Student Loan Debt Hurting the Housing Recovery?– This is far from the only issue, but it is an issue. Bearish Housing Bets Building on Interest Rate Concerns
Tax Man Uses Drones to Root Out Wealthy Tax Evaders o o o Items from Mr. Econocobas: Standard & Poor’s Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts Bubble Finance At Work: Asset Inflation For The 1% This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good Silver Tumbles To 4 Year Lows As Massive Sell Order Hits At Market Open
Is U.S. Gas Really Expensive, And Will It Get Cheaper? o o o 5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives. – D.B. I can’t even comprehend those numbers! o o o Items from Mr. Econocobas: Peter Schiff – A New Fed Playbook for the New Normal ECB to Keep Loose Policy ‘For Long Time’: Draghi Home Prices Rise Less Than Expected The Glaringly Obvious Guide to the Next Crash
The Ponzi Economy. – J.W. o o o Why Are The Ultra-Rich Rushing To Buy Gold o o o Items from Mr. Econocobas: The Dow And S&P 500 Soar To Irrational Heights – Meanwhile The Ultra-Wealthy Rush To Buy Gold Bars Minimum-Wage Blowback; The De-Humanization Of Fast-Food Has Begun Billionaires Are Hoarding Piles of Cash – Disagree with the authors analysis but the facts of how much cash is being withheld is interesting
Gold Demand In India Triples As China Launches Global Gold Bourse o o o Items from Mr. Econocobas: The Global Welfare State Schism Ahead: Young Scots Vote 71% Yes, Elderly 73% No The Market’s Next Fed Fear: The Exit Strategy – The irony is there is exit strategy, or at least one they will actually attempt In Scotland and Beyond, a Crisis of Faith in the Global Elite US Existing Home Sales Fall in August
New Record: Pound of Ground Beef Tops $4 for First Time. – G.G. o o o U.S. Senator Calls For Suspension Of Coal Leases. – J.S. o o o Why Would Anyone Put Their Savings In A Bank? o o o We Are Living In A Giant Debt-Fueled Bubble That Has A Limited Lifespan o o o World Bank: Ebola Will Have ‘Catastrophic’ Economic Impact. – B.B.
Video: Peter Schiff: Yellen Barks on Rates, But Will Not Bite JWR’s Comments: Despite all of the Fed’s grandstanding and blustering, Quantitative Easing (QE) will not truly end. I strongly suspect that there are hidden mechanisms through international agreements with other central banks that are making up for the reduction in official QE. We can expect more off-budget and black budget bookkeeping shenanigans, contributing to more debt that cannot be repaid without mass inflation. Get prepared for the inevitable dollar crisis, folks! Diversify into tangibles. In the next few months, the depressed spot price of silver and the depressed price …
Spot silver just took a dip below $18 per troy ounce for the first time an many moons. This would be a good time to buy, folks! – JWR o o o Creative Strategies for Staying One Step Ahead of Global Chaos o o o Items from Mr. Econocobas: Food-Stamp Enrollment In Illinois Outpaces Job Creation By Nearly 2-to-1 The Fed’s Laughable GDP “Forecast” Just Got Even Funnier Scotland Rejects Independence as U.K. Vows to Give It More Power Here a Bubble, There a Bubble Says Marc Faber
America’s Big Bet On Natural Gas And Big Short On Coal. – J.S. o o o The Collapse of the Concept of Fiat Currency o o o Items from Mr. Econocobas: The Fed’s Laughable GDP “Forecast” Just Got Even Funnier Fed Officials Predict Fed Funds Rate to Rise to 1.375% End-2015 Fed Keeps ‘Considerable Time’ Pledge as Growth ‘Moderate’ Europe’s Winners and Losers from Russia Trouble
The NEXT Reserve Currency o o o Why King Coal Will Keep Its Crown. – J.S. o o o Items from Mr. Econocobas: Fed Officials Predict Fed Funds Rate to Rise to 1.375% End-2015 Fed Keeps ‘Considerable Time’ Pledge as Growth ‘Moderate’ Europe’s Winners and Losers from Russia Trouble Food-Stamp Enrollment In Illinois Outpaces Job Creation By Nearly 2-to-1
Dear Sir, I feel like I have some insight to add to Jacob’s post about what retail may look like post disaster. I manage a warehouse for a DSD (direct store delivery) company. Here’s just a little bit of insight into what that is, since not everyone knows how stores get their merchandise: Many items are not stocked by the stores themselves. They never go through their own distribution network. Instead, companies (bread, snacks, soda, beer, pizza, et cetera) manage their own distribution and have their own trucks go to the store. We handle our own product from raw materials …
