Juggling Dynamite

Wolfstreet.com offers some useful analysis and charts on real economy trends. Editor Wolf Richter did a worthwhile interview on Peak Prosperity this weekend where he explains, among other things, why assets are not more valuable just because prices go up: “You can’t have median homes that require multi-millionaires to live in them, because you know, we just don’t have that many millionaires.”  Also discusses spreading strains in the global banking system and the likelihood of bail-ins from bank equity and bond holders in the next resolution phase. Real world commonsense assessments are helpful.

Wolf Richter joins the podcast this week to discuss the deterioration of the global macro situation, and how he is seeing growing signs of recession breaking out across the economy. Here is a direct video link.

See The economy is cracking under too much debt:

“…one of the biggest mistakes the central banks made during the financial crisis: They stopped the debt from blowing up. So we never had a cleansing.

In a time when journalists have been widely replaced or morphed into on air personalities and ‘news’ outlets are owned by big business, free press is a scarce commodity. Thankfully the internet affords some independent coverage that would not otherwise be available. There is a reason that freedom of the press is listed as a fundamental right in both the US Constitution and the Canadian Charter of Rights and Freedoms. We, the people, need ethical journalism now more than ever, if we have any hope of living in a democracy.

In an exclusive interview, Democracy Now’s Amy Goodman says she’s turning herself to North Dakota authorities to defend the right of journalists to challenge power. Here is a direct video link.

Sometimes the reforms and improvements needed in the world can seem overwhelming and hopeless.  But when individuals lead through action within their own sphere of influence, change does happen.  Being part of the worker bee crew evolving humanity for the better is worthwhile.  As my Irish granny used to say:  “Ta hell with darkness.”

The 100% campaign went to Buffalo, New York to surprise five individuals who are making a difference and then some — they are transforming a city. Watch us surprise Lorna, Paul, Khadijah, Aweso, and Josh and celebrate all the ways they give and live their 100%.  Here is a direct video link.

New video by @MarkRuffalo‘s @SolutionsProj is inspiring, heartfelt, and positively 100%: https://t.co/uOqRf2gPki @100isNow #NY

— Cater Communications (@CaterComNews) October 14, 2016