Seven years after the global financial crisis erupted in 2008, the world economy continued to stumble in 2015. According to the United Nations’ report World Economic Situation and Prospects 2016, the average growth rate in developed economies has declined by more than 54% since the crisis. An estimated 44 million people are unemployed in developed countries, about 12 million more than …
Abayomi Azikiwe – The Re-emerging African Debt Crisis. Renewed IMF “Economic Medicine”
During the 1970s-1990s much attention was focused on the rising debt crisis in post-colonial Africa. Continental states after gaining national independence realized that there could be no genuine development while financial obligations to western-based lending institutions were rapidly escalating. With the balkanization of the continent during colonialism, the national independence movements without political integration and economic unification faced formidable challenges in …
Adam Taggart – The Death Of Hopium
As many readers know, I spent 15 years working in Silicon Valley before partnering up with Chris to start Peak Prosperity. I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, and worked for both a VC-funded start-up as well as one of the biggest Internet juggernauts (Yahoo!). I lived in Palo Alto, the central core of the …
Ari LeVaux – The Local Food Movement Has Tripled in 20 Years, and Now Critics Are Taking Cheap Shots
In the last 20 years, the amount of local foods consumed in the American diet has tripled, according to USDA, and now comprises two percent of food consumed in the U.S. As with anything that’s popular, some have seen fit to tear it down. Why? Do they find the locavores annoying, or do they seriously believe, as many argue, that …
How Shale Is Becoming The Dot-Com Bubble Of The 21st Century – Leonard Brecken
As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the parallels to the .COM era of 1999 which, to some extent, has already returned to the technology and biotech sectors of today. Back then, the faster you burned cash to capture customers regardless of earnings …
Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History? – Michael Snyder
Why in the world has JP Morgan accumulated more than 55 millionounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 millionounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has …
If Anyone Doubts That We Are in a Stock Market Bubble, Show Them This Article
The higher financial markets rise, the harder they fall. By any objective measurement, the stock market is currently well into bubble territory. Anyone should be able to see this – all you have to do is look at the charts. Sadly, most of us never seem to learn from history. Most of us want to believe that somehow “things are …