TOP Economists Certain of Australian Housing Bubble Bloodbath, & More

Economists claim Australia in midst of largest housing bubble on record

AUSTRALIA is in the midst of the “largest housing bubble on record” and when it bursts it will be a “bloodbath”.

This is the assessment of two housing economists who claim Australia is on track for a US and Irish-style collapse because of an oversupply of housing in the country.

In a frank and scathing submission to the upcoming parliamentary inquiry into home ownership which will begin this Friday, Lindsay David and Philip Soos criticise politicians and the housing industry for perpetuating the myth of housing shortages in major capital cities.

They claim there is actually an oversupply of housing, especially in Victoria.

The Next Downturn Will Be Worse Than 2008 And What You Can Do About It? 

Get ready for the next crisis, it's going to be far worse than 2008. Get out of debt. Money in the bank may not be there when you need it. A core holding in precious metals is a must. Invest in alternative energy for your home, it will pay a huge return. Be careful of your investments in Wall Street, they may not be there when you most need them. Most of all, be prepared!

The Way Humans Get Electricity Is About to Change 

Forever 

Solar power will eventually get so cheap that it will outcompete new fossil-fuel plants and even start to supplant some existing coal and gas plants, potentially stranding billions in fossil-fuel infrastructure. The industrial age was built on coal. The next 25 years will be the end of its dominance.

A World Without Work

This winter, I traveled to Ohio to consider what would happen if technology permanently replaced a great deal of human work. I wasn’t seeking a tour of our automated future. I went because Youngstown has become a national metaphor for the decline of labor, a place where the middle class of the 20th century has become a museum exhibit.

Climate Change Health Risk Is a 'Medical Emergency,’ Experts Warn 

The report, commissioned and published by The Lancet medical journal, was compiled by a panel of specialists including European and Chinese climate scientists and geographers, social, environmental and energy scientists, biodiversity experts and health professionals.

Collapse, Part 2: The Nine Dynamics of Decay   

Rome didn't fall so much as erode away. That's the template for collapse.



While collapse may be sudden, the decay that generated the collapse had been rotting away the foundation for years or decades. In distilling the vast literature on collapse into nine dynamics, I am drawing upon many other authors' work, including: 

The Collapse of Complex Societies 

The Great Wave: Price Revolutions and the Rhythm of History 

The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century 

The Shock Doctrine: The Rise of Disaster Capitalism
Overshoot: The Ecological Basis of Revolutionary Change
The Upside of Down: Catastrophe, Creativity, and the Renewal of Civilization 

Collapse: How Societies Choose to Fail or Succeed 

The Long Descent: A User's Guide to the End of the Industrial Age 

Reinventing Collapse: The Soviet Example and American Prospects

 Top Weekly Ideas and Insights

The Extin

Is Deutsche Bank Following Lehman? & More...

Is Deutsche Bank The Next Lehman? 

Probably the first public indication that things were heading downhill for Lehman wasn’t until June 9th, 2008, when Fitch Ratings cut Lehman’s rating to AA-minus, outlook negative.

The “negative outlook” indicates that another further downgrade is likely. In this particular case, it was the understatement of all time.

The Era Of Dissolution 

So we have the people for whom collapse is a means of claiming unearned power, the people for whom it’s a blank screen on which to project an assortment of self-regarding fantasies, and the people for whom it’s an excuse to do nothing in the face of a challenging future. All three of those are popular gimmicks with an extremely long track record, and they’ll doubtless all see plenty of use millennia after industrial civilization has taken its place in the list of failed civilizations. The only problem with them is that they don’t happen to provide any useful guidance for those of us who have noticed that collapse isn’t merely a rhetorical gimmick meant to get emotional reactions—that it’s something that actually happens, to actual civilizations, and that it’s already happening to ours.

Anyone have change for a quadrillion 

dollar bill? 

In most corners of the world, deflation is currently a far bigger concern than inflation, let alone hyperinflation. The typical central banker has to worry about having too little power to influence wages and prices, not too much. Governments do have the capacity to create Zimbabwe-style hyperinflation through deficit spending, but that requires far more excess than any halfway decent political system will allow.

Iceland Jailed Bankers and Rejected Austerity—and It’s Been a Success

Instead of imposing devastating austerity measures and bailing out its banks, Iceland let its banks go bust and focused on social welfare policies. It has now repaid 85% of UK claims. When the global economic crisis hit in 2008, Iceland suffered terribly—perhaps more than any other country. The savings of 50,000 people were wiped out, plunging Icelanders into debt and placing 25% of homeowners in mortgage default. Now, less than a decade later, it will become the first European country that faced collapse to beat its pre-crisis peak of economic output. The IMF declared that Iceland had achieved economic recovery 'without compromising its welfare model' of universal healthcare and education.

Arctic Sea Ice Area Drops 320,000 Square Kilometers in Just One Day

WikiLeaks: Big-Pharma Measures in TPP Will Raise Drug Prices

the TPP would steer member states towards pro-business, anti-consumer healthcare policies.It would crush the public health system of  New Zealand and Australia. It would restrain governments' abilities to provide healthcare and medicine to citizens. 

 Top Weekly Ideas and Insights

The Extinction Debate

REALECONOMIK - Existential Insights Governing Physical Economics

"REALECONOMIK"

Existential Insights Governing Physical Economics

The childish fabricated theories of neoclassical economics, that have been driving humanity, economies and stock markets towards a collapse of Jericho's metaphoric proportions and finality, can perhaps be best understood when we bring the real governing ecological, geological and other related sciences to bear, These existential rules cannot be overcome by the silly rhetoric of current economic dogma,nor any of its possible abstract fabrications and outright lies, no matter how many Nobel Prizes, Phds and other laureates you bestow upon these  crazy mad men, who still head this truly - "MEDIEVAL CULT."

This video presentation by Charles S Hall, Ecologist - provides excellent insight into what our real circumstances are and the governing universal laws that we face  - who ultimately have the final say in all physical and related natural matters, regardless of our human hopes, beliefs or aspirations. These cognitions are all muted by this absolute context. At the same time, another absolute villain also joins with science, also paying little attention to any of  our rumblings, rantings - and particularly, those discourses of utter nonsense that were preached, "to so many, by so few," with impunity over the past 200 years. (Churchill?)

https://youtu.be/YwdwUStzxww

Exponential mathematics is, of course, the other known outlaw joining these evil scientific laws, who together in concert will permanently and finally push the pathetic rock of neoclassical hogwash over the proverbial cliff, forever. Sadly, but only after orchestrating and inflicting through its teachings,  practices and intellectual perversions, unimaginable crimes against the planet and its mostly innocent inhabitants.

https://youtu.be/u5iFESMAU58

Future intergalactic visitors shall certainly be amused by how we built so many statues with so few, if any, apparent natural resources. They shall  puzzle and wonder, just as the Portuguese explorers once did  - " who would cut down the last tree? "

Hmm...

https://youtu.be/mH0sIjAHBVY



FIRST FINANCIAL INSIGHTS INC
June 7,2015

firstfinancialinsights.blogspot.com

HOWARD MARKS - The (#Investors) Most Important (WRONG) Thing ??? - THE DUMBEST BOOK YOU WILL EVER READ

HOWARD MARKS - The Most Important  Thing 

Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor. Read More.

The Real Common Sense Things Investors Should Understand 

#1 THE EXPONENTIAL FUNCTION

 - It is mathematically impossible for finite physical economic objects to grow forever; the last logical default event is collapse 

#2 THE CONSEQUENCES OF NET PRESENT VALUE MATHMATICS ON FINANCIAL ASSET VALUES 

 Put simply, when interest rates double then 
most asset values shall be reduced by up to 50% based on this automatic and absolute calculation. 

Combined, these absolute determiners will unleash much than the Biblical Four Horsemen onto makets, economies and  physical activities.

The investment game ends with the BEARS declaring absolute and complete victory . Physicaly and mathmatically it is "UTTERLY IMPOSSIBLE" for it to end in any other way 

 Hence, as Voltaire once wisely remarked...

And yet despite this  profound historical revelation, it remains self-evident that we still collectively suffer from this common shortcoming, as we march blindly towards our kind's non-negotiable mathematical destiny.

"To be forewarned, is to be forearmed"