Financial Advice Fails - As Everybody Becomes Poorer

Platinum Wealth Partners’ Insights

There are tipping point indicators in  any directions you care to explore. Stock markets are being crushed, economies are heading towards long slumps, Europe faces a migration crisis, technology doesn't help, and moreover - everyone is becoming poorer. 

A deeper look into these indicators and many more; suggests we are operating beyond the planet's physical capacities and the constraints imposed by limits to growth.

August 27, 2015

Real Household Net Worth:

 Look Out Below?

In my last post I pointed out that over the last half century, every time the year-over-year change in Real Household Net Worth went negative (real household wealth decreased), a recession had either started, or was about to.  (One bare exception: a tiny decline in Q4 2011, which looks rather like turbulence following The Big Whatever.) Throughout, click for source. - 

The problem: we don’t see this quarterly number until three+ months after the end of a quarter, when the Fed releases its Z.1 report for the the preceding quarter. The Q2 2015 report is due September 18.

But right now we might be able to roughly predict what we’re going to see four+ months from now, in the report on our current quarter, Q3, which ends September 30. We’re a bit over a month from the end the quarter, and we have some numbers to hand.

The U.S. equity markets are down roughly 7% year-over-year

South Africa's economy contracts, risk of recession grows

PRETORIA (Reuters) - South Africa's economy shrank for the first time in more than a year during the second quarter of 2015, raising the risk that labour disputes and slowing Chinese demand for commodities could push it towards recession.

The economic strain will inhibit the central bank from raising rates further to protect a weak currency and target inflation, while also torpedoing government efforts to keep deficits in check and protect its credit ratings.

EU’s Migrant Crisis

A record 107,500 migrants crossed the EU borders last month to outstrip the previous monthly record in June of 70,000. During the first seven months there were nearly 340,000 migrants, up from 123,500 last year,

Warring Migrant Tribes, Grenade Attacks…What Is Going On In Sweden?

if you bring intolerant people into your country this is what can happen

Immigrants in Germany swell to record high 11 

million

 Information and Communication Technologies is radically changing the world

Not only how we deal with the world and make sense of it, or interact with each other, but also how we look at ourselves and understand our own nature, existence, and responsibilities. 

This is the IT version of my book The Great Field (available in Kindle books).

$2.1 Trillion Erased From U.S. Stocks In Six Days

The enormous losses reflect the deep fears gripping markets about how the world economy will fare amid a deepening economic slowdown in China.

The Dow, S&P 500 and Nasdaq have all tumbled into correction territory, their first such 10% decline from a recent high since 2011.

The S&P 500 -- the best barometer for the biggest U.S. companies -- has lost trillions of market value in the six-day selloff through Tuesday, according to S&P Dow Jones Indices.

To put those losses into perspective, that's roughly equal to the combined market value of these corporate titans put together:

 Apple (AAPL, Tech30), Google(GOOGL, Tech30), Berkshire Hathaway (BRKA), ExxonMobil (XOM), Facebook (FB, Tech30), Walmart(WMT) and 21st Century Fox (FOXA).

Originally Published 

PLATINUM WEALTH PARTNERS

Financial Advice Fails - As Everybody Becomes Poorer

Financial Advice Fails - As Everybody Becomes Poorer

Platinum Wealth Partners’ Insights

There are tipping point indicators in  any directions you care to explore. Stock markets are being crushed, economies are heading towards long slumps, Europe faces a migration crisis, technology doesn't help, and moreover - everyone is becoming poorer. 

A deeper look into these indicators and many more; suggests we are operating beyond the planet's physical capacities and the constraints imposed by limits to growth.

August 27, 2015

Real Household Net Worth:

 Look Out Below?

In my last post I pointed out that over the last half century, every time the year-over-year change in Real Household Net Worth went negative (real household wealth decreased), a recession had either started, or was about to.  (One bare exception: a tiny decline in Q4 2011, which looks rather like turbulence following The Big Whatever.) Throughout, click for source. - 

The problem: we don’t see this quarterly number until three+ months after the end of a quarter, when the Fed releases its Z.1 report for the the preceding quarter. The Q2 2015 report is due September 18.

But right now we might be able to roughly predict what we’re going to see four+ months from now, in the report on our current quarter, Q3, which ends September 30. We’re a bit over a month from the end the quarter, and we have some numbers to hand.

The U.S. equity markets are down roughly 7% year-over-year

South Africa's economy contracts, risk of recession grows

PRETORIA (Reuters) - South Africa's economy shrank for the first time in more than a year during the second quarter of 2015, raising the risk that labour disputes and slowing Chinese demand for commodities could push it towards recession.

The economic strain will inhibit the central bank from raising rates further to protect a weak currency and target inflation, while also torpedoing government efforts to keep deficits in check and protect its credit ratings.

EU’s Migrant Crisis

A record 107,500 migrants crossed the EU borders last month to outstrip the previous monthly record in June of 70,000. During the first seven months there were nearly 340,000 migrants, up from 123,500 last year,

Warring Migrant Tribes, Grenade Attacks…What Is Going On In Sweden?

if you bring intolerant people into your country this is what can happen

Immigrants in Germany swell to record high 11 

million

 Information and Communication Technologies is radically changing the world

Not only how we deal with the world and make sense of it, or interact with each other, but also how we look at ourselves and understand our own nature, existence, and responsibilities. 

This is the IT version of my book The Great Field (available in Kindle books).

$2.1 Trillion Erased From U.S. Stocks In Six Days

The enormous losses reflect the deep fears gripping markets about how the world economy will fare amid a deepening economic slowdown in China.

The Dow, S&P 500 and Nasdaq have all tumbled into correction territory, their first such 10% decline from a recent high since 2011.

The S&P 500 -- the best barometer for the biggest U.S. companies -- has lost trillions of market value in the six-day selloff through Tuesday, according to S&P Dow Jones Indices.

To put those losses into perspective, that's roughly equal to the combined market value of these corporate titans put together:

 Apple (AAPL, Tech30), Google(GOOGL, Tech30), Berkshire Hathaway (BRKA), ExxonMobil (XOM), Facebook (FB, Tech30), Walmart(WMT) and 21st Century Fox (FOXA).

Originally Published 

PLATINUM WEALTH PARTNERS

Financial Advice Fails - As Everybody Becomes Poorer

The BIG Market Warning

Investors' Insights Comments 

There is little doubt we are in the midst of a perfect financial storm, that history will perhaps one day record as "The Mother of All Global Market Crashes". Interest rates were too low, for too long, that created unsustainable bubbles in financial  and real estate markets around the world.This time it is different was again the usual mantra.

It never is. It Never will be. It couldn't last! 

Mathematically, everyone denied that a mean reversion of interest rates would ever occur and thereby collapse global asset bubble values everywhere by 50% or more. Guess what? Somebody bought that last tulip, and we are now experiencing the reversion with the full brunt of its present value mathematical consequences.  

Moreover, many economies are facing debt woes and physical economic and climate change issues causing either water,capital or food shortages. You cannot run economies without food, water and energy; somehow Nobel Prize nor Ivy League economists can never  figure this out. 

The FED charts tell us the financial market weather is very bad. Wall St is getting very worried and today's  world headlines tell the story of a free fall in values in Japan, China, Australia and elsewhere, that mirrors all the great stock, bond  and economic meltdowns of past and recent history. Plunging prices for  days and weeks on end - because we just run out of bigger fools. The real laws of supply and demand.

If have that sinking feeling that things are about to get much worse. One thing you need not worry about, you are not alone.

And remember that old adage  -  when its over, its over!

 Read More

http://pwa2100.blogspot.ca/

The Big Market Warning

Investors' Insights Comments 

There is little doubt we are in the midst of a perfect financial storm, that history will perhaps one day record as "The Mother of All Global Market Crashes". Interest rates were too low, for too long, that created unsustainable bubbles in financial  and real estate markets around the world.This time it is different was again the usual mantra.

It never is. It Never Will Be. It couldn't last! 

Mathematically, everyone denied that a mean reversion of interest rates would ever occur and thereby collapse global asset bubble values everywhere by 50% or more. Guess what? Somebody bought that last tulip, and we are now experiencing the reversion with the full brunt of its present value mathematical consequences.  

Moreover, many economies are facing debt woes and physical economic and climate change issues causing either water,capital or food shortages. You cannot run economies without food, water and energy; somehow Nobel Prize nor Ivy League economists can never  figure this out. 

The FED charts tell us the financial market weather is very bad. Wall St is getting very worried and today's  world headlines tell the story of a free fall in values in Japan, China, Australia and elsewhere, that mirrors all the great stock, bond  and economic meltdowns of past and recent history. Plunging prices for  days and weeks on end - because we just run out of bigger fools..The real laws of supply and demand.

If you have that sinking feeling that things are about to get much worse. One thing you need not worry about, you are not alone.

And remember that old adage  -  when its over, its over!

http://pwa2100.blogspot.ca/

America At The Brink - Free Trade Archaic Policy Relic

TRADING AWAY OUR SOVEREIGNTY

Capital Institute

John Fullerton

This post was previously published on the Huffington Post’s Business page.

“Free Trade” was in the news this Memorial Day weekend. President Obama is pushing hard for “fast track” approval of his Trans-Pacific Partnership (“TPP”) Agreement, calling for a simple up or down vote without the possibility of amendments or floor debate.

The New York Times reported that Senate Majority Leader Mitch McConnell has forged a “rare alliance” with the president to push the trade legislation. Senate Finance Committee Chairman Orin Hatch has been quoted as saying, “it shows that when the president is right, we will support him.” (Never mind that Hatch has also been quoted as saying: “I don’t know fully what’s in TPP myself.”)

Dear Mr. President: With all due respect, how do you spell RED FLAG!      Read  More.

Our Comments : 

 Capital Institute Blog - June 14, 2015 

Just another BIG step backwards for America and more importantly its people, as at mere face value there are numerous serious and extremely negative consequences to this policy action and content.

Obvious points and concerns -

Exacerbation of the erosion of American jobs, indigenous industrial base and middle class.. With this, erosion of national competitive advantage resulting in increasing national, state and individual security risks. plus deep economic plight.

Continued dilution of democracy, constitutional powers and rights including those embedded in state and local authorities.

Excessive immigration and population leakage , putting increased pressure on social structures, wages, pensions and healthcare system creating more massive debt financing plus extreme social tensions, Then of course there are those fiscal budgets for states and cities.

Increased concentration of power with international oligarchs, banks and related military industrial complex whose goals and objectives are oriented solely towards self-interest; with no concern whatsoever for  enlarging greater national principles of , by, for and with the people.

More erosion and diversion in the physical and conceptual resources needed to resolve imminent key pending issues that could be catastrophic to the country, economy and world-wide survival interests -  including but not limited to ; climate change, resource depletion, degradation of bio-sphere and its diversity, wildlife extinction, toxoplasmosis containment, carbon exponents, ocean acidification and on...

Importation of disease, crime, extreme social and civil unrest from politically. socially ,culturally and economically destabilized regions and countries - who will be attracted to move their  worst or best? These also create great excessive  hidden and future costs for federal, state and local fiscal budgets

All of this, is just for starters off the top - there is just no way in the universe that you could "realistically" dream up positive reasons and rhetoric that creates a subjective benefit that  outweighs the long list of object negative consequences associated with expanding free-trade agreements to the southern hemisphere . THEY ARE ALL LIES!!!  Probably they are based on plans with immediate geopolitical or geoeconomic self-interests in mind. Not the people's long term goals.    

To say the least; in my opinion, the world has changed dramatically over the past fifty years , and such economic free trade policies are not only intellectually deprived  (no clear and valid metric), but they are foolhardy and archaic approaches that place longer-term national and individual security and economic interests in unprecedented jeopardy. 

So sad, and this is just the "very short and prompt story "on this extremely misguided and incoherent legislation

Very Best to Everyone, 

T McNeil

First Financial Insights Inc.


http://firstfinancialinsights.blogspot.ca/2015/06/realeconomik-existential-insights.html

http://firstfinancialinsights.blogspot.ca/2015/05/humanitys-insanity-impossible-growth.html

http://pwa2100.blogspot.ca/

http://pwa2000.blogspot.ca/2015/06/stop-trade-immigration-flood-deal.htm