argentina
by
Adam Taggart
In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- A Study In Failure Of The State
- Chris shares his on-the-ground observations from So. America
- It Can Happen Here
- Mish shares his on-the-ground observations from Illinois
- Virtually All The Macroeconomic Data Is Miserable
- Yet the Fed & the markets are acting like everything's great
- The Approaching Minsky Moment
- It's a matter of if, not when
This week's Off The Cuff discussion is an interesting one. Both Chris and Mish have front-row seats to two failing governments — Chris in Argentina, and Mish in Illinois. It feels to them like they are getting a preview of the economic pain soon to come to the rest of the world.
Both are *very* concerned that citizens and investors across the globe are being duped by the (lack of) signals and messages today's ""markets"" are providing. Looking at the steady drumbeat of bad & worsening macroeconomic data, as well as the immense gap between fundamentals and asset prices, Chris and Mish are as confident as they have ever been that a massive painful reset is nigh. But too many of our leaders, and too much of the public, remain complacent/ignorant (willfully or not) regarding this risk.
Their conclusion? The world is woefully unprepared for the Minsky moment headed its way.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: The Approaching Minsky Moment
PREVIEW by Adam TaggartIn this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- A Study In Failure Of The State
- Chris shares his on-the-ground observations from So. America
- It Can Happen Here
- Mish shares his on-the-ground observations from Illinois
- Virtually All The Macroeconomic Data Is Miserable
- Yet the Fed & the markets are acting like everything's great
- The Approaching Minsky Moment
- It's a matter of if, not when
This week's Off The Cuff discussion is an interesting one. Both Chris and Mish have front-row seats to two failing governments — Chris in Argentina, and Mish in Illinois. It feels to them like they are getting a preview of the economic pain soon to come to the rest of the world.
Both are *very* concerned that citizens and investors across the globe are being duped by the (lack of) signals and messages today's ""markets"" are providing. Looking at the steady drumbeat of bad & worsening macroeconomic data, as well as the immense gap between fundamentals and asset prices, Chris and Mish are as confident as they have ever been that a massive painful reset is nigh. But too many of our leaders, and too much of the public, remain complacent/ignorant (willfully or not) regarding this risk.
Their conclusion? The world is woefully unprepared for the Minsky moment headed its way.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
by
Adam Taggart
As we write about the risks of our over-indebted economy, of our unsustainable fossil fuel-dependent energy policies, and our accelerating depletion of key resources, it's not a far leap to start worrying about the potential for a coming degradation of our modern lifestyle — or even the possibility of full-blown societal collapse.
Sadly, collapse is not just a theoretical worry for a growing number of people around the world. They're living within it right now.
This week, we catch up with Fernando "FerFAL" Aguirre, who began blogging during the hyperinflationary destruction of Argentina’s economy in 2001 and has since dedicated his professional career to educating the public about his experiences and observations of its lingering aftermath. Given his first-hand experience with living through, and eventually escaping, economic collapse in South America, we asked him to offer his insider's perspective on the current crisis in Venezuela, as well as the devolving situation in Brazil.
FerFAL: Understanding Societal Collapse
by Adam TaggartAs we write about the risks of our over-indebted economy, of our unsustainable fossil fuel-dependent energy policies, and our accelerating depletion of key resources, it's not a far leap to start worrying about the potential for a coming degradation of our modern lifestyle — or even the possibility of full-blown societal collapse.
Sadly, collapse is not just a theoretical worry for a growing number of people around the world. They're living within it right now.
This week, we catch up with Fernando "FerFAL" Aguirre, who began blogging during the hyperinflationary destruction of Argentina’s economy in 2001 and has since dedicated his professional career to educating the public about his experiences and observations of its lingering aftermath. Given his first-hand experience with living through, and eventually escaping, economic collapse in South America, we asked him to offer his insider's perspective on the current crisis in Venezuela, as well as the devolving situation in Brazil.
by
David Collum
by
Adam Taggart
by
Adam Taggart
Argentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years, and looks poised to do so again soon.
Its currency, the peso, devalued by more than 20% in January alone. Inflation is currently running at 25%. Argentina's budget deficit is exploding and, based on credit default swap rates, the market is placing an 85% chance of a sovereign default within the next five years.
Want to know what it's like living through a currency collapse? Argentina is providing us with a real-time window.
So, we've invited Fernando "FerFAL" Aquirre back onto the program to provide commentary on the events on the ground there. What is life like right now for the average Argentinian?
FerFAL: Here’s What It Looks Like When Your Country’s Economy Collapses
by Adam TaggartArgentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years, and looks poised to do so again soon.
Its currency, the peso, devalued by more than 20% in January alone. Inflation is currently running at 25%. Argentina's budget deficit is exploding and, based on credit default swap rates, the market is placing an 85% chance of a sovereign default within the next five years.
Want to know what it's like living through a currency collapse? Argentina is providing us with a real-time window.
So, we've invited Fernando "FerFAL" Aquirre back onto the program to provide commentary on the events on the ground there. What is life like right now for the average Argentinian?
by
Adam Taggart
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