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 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/

Getting WORSE, Greece Doomed, Market Turmoil, Anti-China Protests, & More

Greek voters overwhelmingly reject bailout terms

Greek voters have overwhelmingly rejected international creditors' tough bailout terms, leading to fears that the cash-strapped nation was on its way out of euro.

Voters had been asked on Sunday whether to accept or reject the country's multi-billion euro bailout deal with the European Union that called for more austerity in exchange for rescue loans.

Beijing warns citizens in Turkey of anti-China protests

Beijing has warned its citizens travelling in Turkey to be careful of anti-China protests, saying some tourists have recently been "attacked and disturbed".

The notice, posted on the Ministry of Foreign Affairs website on Sunday, said there had been "multiple" demonstrations in Turkey targeting the Chinese government.

Relations between Turkey and China have been strained recently over the treatment of Muslim Uighur people in China's far western region of Xinjiang, who have been banned from worship and fasting during the Muslim holy month of Ramadan.

Trade in Services Agreement - Wikileaks Press release

While the proposed Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Pact (TTIP) have become well known in recent months, the TiSA is the largest component of the US strategic neoliberal 'trade treaty triumvirate. Together, the three treaties form not only a new legal order shaped for transnational corporations, but a new economic enclosure that excludes China, Russia and all other BRICS countries.

Poverty, Drugs, Afghanistan, Iraq, Terror, or How to Make War on Everything

War on drugs. War on poverty. War in Afghanistan. War in Iraq. War on terror. The biggest mistake in American policy, foreign and domestic, is looking at everything as war. When a war mentality takes over, it chooses the weapons and tactics for you.  It limits the terms of debate before you even begin. It answers questions before they’re even asked.

US To Begin Invasion of Syria

US policymakers sign paper calling for the division, destruction, and US occupation of Syria in an incremental invasion.

China rolls out emergency measures to prevent stock market crash 

An online survey by fund distributor eastmoney.com over the weekend, which polled over 100,000 individuals, said investors believed stock indexes would rise more than 5 percent on Monday. But many of those polled didn't think the bounce will last long.

"You're going to need the central bank to open the floodgates to take us back to 4,500 points in Shanghai," said an investment manager in Shanghai.

Episcopal church votes to divest from fossil fuels: 'This is a moral issue' 

“At a point where we are losing species and where human life itself is threatened by climate change, the church, by acting on it, is saying that this is a moral issue and something that everyone needs to look at seriously.”

The immediate impact of the vote is symbolic. The measures covers some $380m in church holdings, but does not cover the denomination’s biggest asset, the $9bn pension fund, or some $4bn controlled by parishes and dioceses. The resolution encourages those congregations to begin looking at divestment.

China share slump: Dealers to spend $20bn to halt slide 

The Chinese stock market bubble over the past year has been fuelled in part by investors borrowing heavily. Now that shares are on a downward path, policy makers are concerned the wider economy could be affected.

ALJAZEERA ENGLISH 

 In Afghanistan it is not the Taliban that poses the greatest threat to women - it is their own families.

Afghanistan: No Country for Women

Thirteen years after the fall of the Taliban, women in Afghanistan continue to suffer oppression and abuse

Research by Global Rights estimates that almost nine out of 10 Afghan women face physical, sexual or psychological violence, or are forced into marriage.

In the majority of cases the abuse is committed by the people they love and trust the most - their families. 

While shelters are trying to provide protection and legal help to some, many women return to abusive homes because there is no alternative. Unable to escape their circumstances, some are turning to drastic measures like self-immolation to end their suffering,

Has enough progress been made on women's rights in Afghanistan since the fall of the Taliban? Share your thoughts with us @AJ101East suffering

VIDEO WARNING 

Viewer Discretion Advised 

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