The Immense (and Needless) Human Misery Caused by Speculative Credit Bubbles
by Charles Hugh Smith, Of Two Minds
Financialization and the
Neocolonial Model of credit-based exploitation leave immense human
suffering in their wake when speculative credit bubbles inevitably
implode.
What We Read Today 01 September 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list is
about America's social recession still ongoing ........ and the last
article is about still another warning sign of a stock market extreme.
Cowboy Airline Pilot Makes A Scary Takeoff
Notice it is a Russian Airliner, enough said!
A Word from This Newsletter's Sponsor
The Next Industry to Crumble...
Imagine owning Amazon.com (up over an insane 4,000% since 2001) when
Internet sales rendered big-box retailers obsolete. Now an industry 99% of
us use daily is set to implode... And 3 established companies are perfectly
positioned to take advantage of this game-changing economic shift.
The Week Ahead: Expect Volatility, Not Clarity
by Jeff Miller, A Dash of Insight
Markets hate uncertainty, and last week delivered a super-sized portion! Do not expect much clarity in the week ahead.
Last week I predicted that fear might
beget more fear. Starting with Secretary of State Kerry's Monday press
conference the markets moved lower. Tuesday trading exacerbated the
effect, and the market did not recover. Rarely has one of my weekly
previews been so accurate, so quickly, and for the right reason.
Weekend Euro Crisis News 01 Sept 2013
Econintersect:
It may be a holiday weekend in the U.S. but just business as usual in
the rest of the world. We have collected some of the top stories from
the Eurozone for the past week.
Surging House Prices Make Market Even Tighter
House Prices Are Rising Faster Than Case Shiller Says, Market Is Tight
by Lee Adler, Wall Street Examiner
Forget
the severely lagged and smoothed Case Shiller Index which reported that
the median US house sale price in June was up 11% year over year. That
actually represents the 3 month average contract price with a time mid
point of mid March. Are you interested in where the 3 month moving
average of the Dow was in mid March? I didn't think so. You want to know
how the market is doing today.
Read more >>
Infographic of the Day: Dennis Tito's 2018 Human Mars Flyby Mission
Practical
schemes for sending humans to Mars have been on the drawing boards for
more than 60 years. Pioneering space engineer Wernher von Braun, author
of the 1952 book "Project Mars," proposed Mars flyby flights using
Apollo lunar spacecraft in the 1960s. In 2013, Dennis Tito's Inspiration
Mars Foundation announced plans to launch a spacecraft on a mission to
fly past Mars without landing, in 2018.
Gold Still Above Support
Yes, We're Bullish on Gold, But Here's One Bear's Case Worth Reading
Written by George Leong, Profit Confidential
When
gold failed to hold above $1,800, I became skeptical. The stock market
was on fire, so why would anyone want to buygold, as the easy money was
already made? Then we saw spot prices fall below $1,700, $1,600, and
then $1,500...when I turned bearish. (Read "Is Gold's Near-Death Crisis
Over-Exaggerated? Concerns of a Market Meltdown May Not Be.")
Well, fast-forward four months, and I
continue to be neutral-to-bearish. I just don't see any point buying the
precious metal at this time: there's minimal inflation and the world is
not going to blow up anytime soon, plus you have so much money funneled
into stocks.
Less Than 25% of Mortgages Now Underwater
Econintersect:
Zillow, the home-related marketplace company, has released its data for
the second quarter of 2013. The data shows the badly crippled home
mortgage area is continuing a slow healing process. For the fifth
consecutive quarter the number of underwater mortgages declined.
Mortgages with balances larger that the market value of the home are
said to be underwater. According to Zillow, a total of 12.2 million
mortgages still owe more than the house is worth, 23.8% of all
mortgages.
Trefis: Highlights Week Ending 30 August 2013
Written by Trefis
Below is a summary of the activity at Trefis during the past week that Trefis thought Econintersect readers would find interesting.
Trefis
is a financial community structured around trends, forecasts and
insights related to some of the most popular stocks in the US. It
provides the unique feature of allowing the user to model future
valuation based upon projected changes in components of each business.
It also provides communication capabilities among members, including
consensus of member analysis compared to Trefis staff analysis and
blogging opportunities for members.
Click on graphic for larger image and go to
Trefis interactive page.
Click "Read more..." to see our clickable table of contents and most covered companies of the week.
U.S. M-Commerce Sales to Reach $25 Billion This Year
by Felix Richter, Statista.com
M-Commerce sales in the United States
amounted to $10.6 billion in the first half of 2013. Given the
traditionally strong holiday quarter, market research group comScore
expects total m-commerce spending to reach at least $25 billion this
year.
