by Spencer P Morrison, NEE In 1993 President Bill Clinton promised that the North American Free Trade Agreement (NAFTA) would create “a million [American] jobs in the first 5 years.” He also said NAFTA’s “side agreements” would “make it harder than it is today for businesses to relocate solely because of very low [Mexican] wages or lax environmental laws.” Bill … Read more
by Hypetents I think people don’t know we never recovered from the last one, depending on how you define “recover”. Like the media talks about jobs but they don’t talk about how those are shit service jobs with low pay. The middle income jobs have disappeared so people making $75k to $150k before the recession have … Read more
by mg_ridgeview Water is probably the single most important thing you could stock. After that, all the medical supplies and pharmaceuticals you can get your hands on. First aid kits, sanitizer and toiletries too. Medicine/medical supplies, preserved foodstuffs, water, utility knife, rope, compass, hand radio, fishing line, hand warmers, sleeping bag (maybe rolled up and attached … Read more
via fuw.ch: Pressure on emerging markets is rising. For the past decade, a river of easy money rushed into developing countries. Now, that trend is reversing. Rising interest rates and trade wars are creating havoc. The Turkish lira and the Argentine peso have crashed. China’s stock market is stuck in a bear market. For Larry McDonald … Read more
by DaleSwanson I froze my credit after the Equifax breach, but have had to lift it a few times since then. When freezes became free I wanted to confirm that my credit was frozen with each bureau. When I got to the Experian site, I went through the process of adding a new freeze, and … Read more
https://www.nytimes.com/2018/09/28/business/china-censor-economic-news.html A government directive sent to journalists in China on Friday named six economic topics to be “managed,” according to a copy of the order that was reviewed by The New York Times. The list of topics includes: ■ Worse-than-expected data that could show the economy is slowing. ■ Local government debt risks. ■ The … Read more
The U.S. Federal Reserve’s portfolio of Treasury and mortgage-backed securities has dropped below $4 trillion for the first time in more than four years, according to Fed data. The portfolio was assembled through three rounds of purchases starting during the financial crisis. The value of Treasurys and MBS dropped to $3.997 trillion as of Wednesday, … Read more
by Notifinio Most important things about personal finance I wish I knew 10 years back. Original text is on Quora 1. Spend less than your cash flow. Easy enough concept, and it is the number one rule. 2. Pay yourself first. When you get your paycheck, set money aside for yourself before any person or company you owe. … Read more
https://twitter.com/OccupyWisdom/status/1045771625709350912 Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many of us are today. https://twitter.com/OccupyWisdom/status/1045349246680137731 🇺🇸Balanced Fed, but note hints to equity market. The "Powell … Read more
