#paper wealth

[commonsensecommentary]

“The manufacturing, farming/ranching, transportation, and energy sectors are the foundation of any sound economy; the true wealth of any nation is directly related to how much grunting is necessary to produce it.”

The FIRE (Economy) Is Burning

Over the past 50 years America’s cities and metropolitan areas, as well as many outlying rural areas, have pursued the dream of driving away

[neveuax]

The market has a technical problem, making it 'vulnerable' to a rapid sell-off, JP Morgan says

Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week.

[wealthymatters]

Real Wealth Vs. Paper Valuations

Real Wealth Vs. Paper Valuations

  Sam is a painter. He has about $50000 in cash and no particular income source apart from small gigs here and there. He is very savvy in his expenses and doesn’t waste any of it, painting most of the time.

He shows his paintings to one of his friends, who happens to be a consultant. The friend on seeing a particular painting, stops and wanders in exclamation, “Dude, you should showthis to art…

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[protoslacker]

We need, if you will, a new American dream, one that doesn’t require promises of limitless material abundance, one that doesn’t depend on the profits of empire or the temporary rush of affluence we got by stripping a continent of its irreplaceable natural resources in a few short centuries.

John Michael Greer at The Archdruid Report. Reinventing America