Thursday, September 17, 2020
Peak Financialism And Post-Capitalist Economics / Economics / Economic Theory
By: Steven_Vincent
The protracted malaise of the 1970s, with high price inflation and GDP recession, signaled the advent of Peak Industrial Capitalism.
The maturation of the industrial sector of the economy and the onset of demographic growth challenges required the offsetting growth of the financial sector.
The standard of living has declined under Financialism, but the technology revolution has offset some of the negative associated trends.
Financialization has increasingly skimmed Economic Value out of the economic system into the pockets of a smaller and smaller group of elites as larger and larger percentages of the population have become more and more dependent on government programs.
What comes after Peak Financialization? Where do we go from here? As I have said in previous segments in this series, an Information-Based Economic System, Technocracy, Structural Unemployment and Universal Basic Income are some of the likely outcomes we can expect.
This article is part of an ongoing related series that explores an ongoing long-term secular systemic shift in markets, economics, politics and society. Readers might also like to read:
- Information Is The New Capital
- Understanding The Apparent Mismatch Between Current Economic Conditions and the Financial System
- Debt Financialization, Gross Domestic Product And The Systemic Paradigm Shift
The protracted malaise of the 1970s, with high price inflation and GDP recession, signaled the advent of Peak Industrial Capitalism. The creation of Economic Value from the transformational processes of industrial production (manufacturing, mining, utilities) began to reach its limits of expansion and growth.
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Thursday, September 17, 2020
Challenges of Working from Home / Personal_Finance / Money Making
By: Justin_Weinger
Remote work has become a necessity for many, and it's likely that working from home will become an established norm in every sector. While there are many perks to being able to virtually tend to you work duties, there are also some setbacks that require some adjustment. If you're new to working from home, you might miss the companionship of your colleagues. You could also miss the sense of structure your morning commute provided; even though you can mimic a routine at home, it can easily become claustrophobic always being in your hours. Below are three other differences you'll face transitioning from the office to remote work along with some potential solutions.
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Thursday, September 17, 2020
Sheffield Heading for Coronavirus Lockdown as Covid Deaths Pass 432 / Local / Sheffield
By: N_Walayat
The pandemic is on the rise once more with the number of UK cases per day now exceeding 3000! This video takes likely one of our last shopping trips of Sheffield city centre as we count down to Britain's next covid-19 lockdown's to culminate in a higher second peak than April 2020.
Thus shop whilst you can because lockdown's loom for all of Britians major cities largely due to relaxed behaviour of most people who can't even be bothered to wear their masks properly! It's supposed to cover your nose and mouth and not hang under your chin you damn fools! As this video illustrates!
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Wednesday, September 16, 2020
What Does this Valuable Gold Miners Indicator Say Now? / Commodities / Gold & Silver 2020
By: P_Radomski_CFA
Some swear by price action, many others rely on indicators. There are actually many gold trading tips built around these techniques. Gold Miners Bullish Percent Index, is one of the rare ones that don't issue signals all that often. And it showed the highest possible overbought reading recently.
The excessive bullishness was present at the 2016 top as well and it didn’t cause the situation to be any less bearish in reality. All markets periodically get ahead of themselves regardless of how bullish the long-term outlook really is. Then, they correct. If the upswing was significant, the correction is also quite often significant.
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Wednesday, September 16, 2020
President Trump and Crimes Against Humanity / Politics / Pandemic
By: Dan_Steinbock
According to a new book, President Trump knowingly downplayed coronavirus risks. As other critics have argued, his administration’s decisions represent crimes against humanity.
Recently, Bob Woodward, associate editor at the Washington Post and one of the legendary Watergate journalists, published Rage, a new book on President Trump’s first term, which draws on 18 interviews that Woodward conducted with Trump between December 2019 and last July.
Here’s its key message: President Trump knowingly downplayed coronavirus risks.
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Wednesday, September 16, 2020
Slow Economic Recovery from CoronaVirus Unlikely to Impede Strong Demand for Metals / Commodities / Metals & Mining
By: Richard_Mills
Daily coronavirus cases may be down in the United States, but that is no reason to be complacent, especially given that cold and flu season is only a few weeks away, says the nation’s top doctor.
In a roundtable discussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that “we need to hunker down and get through this fall and winter, because it’s not going to be easy.” He compared the pandemic to the early days of HIV in terms of how quickly it escalated, and how it might continue to escalate, if current trends of low mask-wearing and social distancing continue. “We've been through this before,” he said. “Don't ever, ever underestimate the potential of the pandemic. And don't try and look at the rosy side of things.”
On Friday Dr. Fauci went against President Trump, who in a White House news briefing Thursday told MSNBC’s Andrea Mitchell, “I really do believe we’re rounding the corner,” referring to new cases having declined substantially since July.
According to data from John Hopkins University, over the past seven days the country has reported an average 35,200 cases per day, which is 12% lower than a week ago, and around half compared to 70,000 cases per day peak in late July.
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Wednesday, September 16, 2020
Why the Knives Are Out for Trump’s Fed Critic Judy Shelton / Politics / US Federal Reserve Bank
By: Steve_H_Hanke
Judy Shelton, one of President Trump’s nominees for the Board of Governors of the Federal Reserve System, has faced unprecedented criticism from former Fed employees and academic economists. The denunciations say more about the critics than they do about Shelton, whom I have known for many years.
Shelton is a nominee for one of the two unfilled positions on the twelve-member Fed Board. The other nominee, Christian Waller — an executive vice president and director of research at the Federal Reserve Bank of St. Louis — has attracted little attention. On July 21, the Senate Banking Committee approved his nomination by a bipartisan vote of 18-7, whereas Shelton’s nomination saw a party-line vote of 13 Republicans to 12 Democrats. The full Senate has not yet set a date to debate and vote on the nominations.
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Wednesday, September 16, 2020
Operation Moonshot: Get Ready for Millions of New COVAIDS Positives in the UK! / Politics / Conspiracy Theory
By: Jeff_Berwick
Nineteen years ago, they pulled off the world’s first Big Lie.
"The United States government and their lackeys in the corporate media put forth a version of the events of September 11th, 2001 that are laughable, disjointed, and totally impossible. Scientifically impossible. Criminally impossible. Physically impossible."
"In order for the official story to be true the laws of physics would have had to have been suspended on that day, especially when reviewing the 9/11 Commission Report, more accurately known as the 9/11 Omission Report, which may as well have been written with crayons to reflect the total lack of anything resembling science, truth, or seriousness."
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Tuesday, September 15, 2020
Stock Market Approaching Correction Objective / Stock-Markets / Stock Markets 2020
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: For now, the best guesstimate is that we are still in the bull market which started in 2009.
SPX Intermediate trend: Potential intermediate correction in progress.
Analysis of the short-term trend is done daily with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Tuesday, September 15, 2020
Look at This Big Reminder of Dot.com Stock Market Mania / Stock-Markets / Tech Stocks
By: EWI
Here’s when a surge in IPOs tends to occur
Let's pretend for a second we're trying to explain to an alien how the weather works on planet Earth.
When the sky turns dark and cloudy, we might tell him, this indicates rain -- perhaps even thunderstorms. However, cloudy skies do not necessarily signal when a downpour will start or how long it will last if it does start. After all, the sun could break through before an umbrella is needed. All that said, when the sky turns ominous, it's a good idea to have your umbrella handy -- just in case.
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Tuesday, September 15, 2020
Three Key Principles for Successful Disruption Investors / Companies / Investing 2020
By: Stephen_McBride
In this essay, I’ll share my top three “disruption investing” principles for building lasting wealth.
Principle #1: Great Disruption Investors Know Timing Trumps All
Disruptors invent the future. For example, Amazon created the online marketplace. Netflix pioneered video streaming. And Apple is the main reason 85% of Americans have a smartphone. Disruptors figure out how to accomplish things that have never been done before. This often leads to big stock market profits. But it can also lead to irrational excitement. And irrational excitement can lead to dangerous situations in the stock market.
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Tuesday, September 15, 2020
Billionaire Hedge Fund Manager Warns of 10% Inflation / Economics / Inflation
By: MoneyMetals
Over the past month, gold has traded in a range with support around $1,900. Bulls have made a couple unsuccessful attempts to retake and hold above the $2,000 level following the sharp plunge below it on August 11th.
But we are likely to see a more decisive move in the gold market one way or the other in the days ahead.
The near-term outlook for precious metals markets may be determined by where the U.S. Dollar Index heads next. It has been basing out since August after trending lower earlier in the summer.
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Tuesday, September 15, 2020
Gold Price Reaches $2,000 Amid Dollar Depreciation / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows.Read full article... Read full article...
Monday, September 14, 2020
GLD, IAU Big Gold ETF Buying MIA / Commodities / Gold & Silver 2020
By: Zeal_LLC
The big gold-ETF buying that catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, drifting sideways flirting with a correction. To continue powering higher, gold needs these major stock-market-capital inflows via exchange-traded funds to resume. The near-term fortunes for the precious-metals complex are heavily dependent on how American traders position in gold ETFs.
For better or worse, exchange-traded funds are increasingly dominating gold’s price trends. Their relative importance has been mounting for years, and cannot be overstated. Major gold ETFs are becoming the global gold market. Despite lingering concerns about gold ETFs’ physical bullion holdings, speculators and investors keep flocking to them. They are the easiest way to get gold portfolio exposure, quick and cheap.
The World Gold Council’s latest quarterly fundamental data on global gold supply and demand yet again revealed gold ETFs’ dominance. The WGC’s Q2’20 Gold Demand Trends report showed global demand being gobbled up by gold ETFs like Pac-Man! Gold surged 12.9% in Q2, which enjoyed one of the most-bullish psychological backdrops ever. A worldwide pandemic raged, which had just spawned a stock panic.
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Monday, September 14, 2020
Why Bill Gates Is Betting Millions on Synthetic Biology / Companies / BioTech
By: John_Mauldin
By Justin Spittler: Beyond Meat (BYND) was one of last year’s hottest stocks. Shares of the plant-based meat company exploded 859% during its first three months out of the gate.
“Fake meat” was all the rage: an instant favorite with Millennials (I personally prefer the real thing). And the industry’s still booming today. It’s already worth $12 billion. By 2025, it’s projected to double again!
But here’s the thing: While most people have heard of Beyond Meat and the plant-based meat mania by now, they don’t realize that this is all part of a much bigger opportunity. In fact, many of the wealthiest investors on the planet have been going “all in” on this obscure megatrend.
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Monday, September 14, 2020
Stock Market SPY Expectations For The Rest Of September / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- Over the past 28 years, the SPY has gained an average of 3.45% in 15 of those years; it has fallen by 6.42% in the other 13 years.
- The critical support level for SPY is 332.85. If the SPY finds support at this level then you can expect continued, moderate price increases.
- Prepare for a moderate increase in volatility for the rest of September – watch the VIX.
My research team and I have been pouring over the charts in an effort to attempt to identify any support or weakness related to the increase in volatility over the past 7+ trading days. The VIX is currently at 29.71 after reaching a high of 38.28. We believe the increased price volatility is here to stay – at least through the end of 2020. This means skilled technical traders should prepare for some potentially large and aggressive price swings over the next few weeks and months.
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Monday, September 14, 2020
Gold Price Gann Angle Update / Commodities / Gold & Silver 2020
By: readtheticker
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.
The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]
The FED is now forecast to over take competing central banks balance sheets in size, and the release valve will be a falling US dollar. Therefore we should continue to see the US dollar maintain is slow leak down over the next 3 to 6 month, say on the DXY 82 to 88.
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Monday, September 14, 2020
Stock Market Recovery from the Sharp Correction Goes On / Stock-Markets / Stock Markets 2020
By: Paul_Rejczak
The bulls responded with an upswing, which I saw as probable to happen. Is the sharp correction over now? Thus far, my answer remains the same as yesterday – in terms of prices, the worst is likely behind us, in terms of time, we have a way to go still.
So, what about the key juncture stocks are at? Let's get and feel the pulse via a few selected charts.
As for narratives, the tensions around China are back in the spotlight. Otherwise, my yesterday's comments still apply:
(…) Unless the Democrats raise up a notch their existing calls for Biden not to concede defeat under any circumstances, unless rioting ramps up, unless the Fed takes away the punch bowl, and finally unless Americans happily march into another lockdown that who knows when it would really end and on what terms (Cuomo's conditions serve as a great, sorry, terrible example), the stock bull run can go on in September before meeting the October headwinds.
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Sunday, September 13, 2020
Is this the End of Capitalism? / Economics / Economic Theory
By: Nadeem_Walayat
If one looks at the facts of rampant government money printing to monetize government debt, permanent deficit spending on an epic scale, debt to GDP north of 100% all to finance social projects such as the UK government paying 80% of furloughed employee salaries, with similar or even greater government interventions in nations such as Germany. We'll this begs the question, how can our economies still be labeled as capitalist?
We are not living in capitalist nations, the slogans might be all about free market economies, capitalism, and theories preached of the boom bust cycle in the financial press and taught at universities, instead we tend to have the booms without the busts! Because we are NOT really living in capitalist economies!
Then what are we living in?
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Sunday, September 13, 2020
The Silver Big Prize / Commodities / Gold & Silver 2020
By: Hubert_Moolman
We have to keep our eyes on the bigger economic cycle. It helps in maintaining a proper perspective, and putting more emphasis on the bigger prize rather than the day to day movements.
The historical relationship between silver and the stock market provides great insight as to where we are currently in this cycle. Traditionally, the best part of silver rallies come after a significant Dow peak.
From previous work I have shared, it is clear that silver is still extremely cheap, and should be accumulated at these prices. The following comparison of silver and the Dow supports this, and gives us the proper perspective regarding the bigger economic cycle.
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