Posts Tagged ‘Europe’
Podcast: Play in new window | Download (Duration: 33:48 — 30.9MB)
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Episode 368: Monthly Economic Review(5-5-2013)…
Show Notes/Topics And Links:
Adult Podcast
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This is an adult podcast – you are now officially forewarned
America
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Much better than expected job report numbers
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But does that mean anything?
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The participation rate is still at 1979 levels – Jimmy Carter peanut farmer days
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Chicago PMI was in contraction territory
China
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Is slowing down, as China’s new government is struggling to maintain current economic output
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HSBC and China’s official manufacturing PMI numbers came in above contraction(barely), but below expectations
Europe
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The bleeding economic ulcer that will not heal
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All major manufacturing countries in the EU are now contracting
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Including Germany and Ireland(Celtic Tiger)
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There is little doubt that Europe is in the midst of a major economic depression
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Curtsey of CNBC.com and Reuters, Euro Zone Factory Downturn Deepens in April: PMI Survey, by Staff
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With all of the countries in the Euro Zone combined as a collective, makes for the largest economy in terms of GDP in the world
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list.
Photo credit: Bob Jagendorf via photopin cc
Podcast: Play in new window | Download (Duration: 32:18 — 29.6MB)
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Episode 340: The Economic Month In Review(4-7-2013)…
Show Summary:
As the economic data continues to deteriorate in America and Europe, the world needs to awaken to the idea of a sever economic contraction that is only months away. Furthermore, I think it is about time that MSM(Main Stream Media) starts to report the truth and hold our policy makers accountable for the lies that they have been spreading. The lies of course being that everything is swell and the economies of the world are doing fantastic.
The reality of situation is that nothing further could be from the truth. Macro economic data from America and Europe confirm the decline of the two largest economies in the world. As this decline continues to accelerate, it will only be a mater of time before reality sets in for equity markets.
And that my friends is the time when we need to hold onto our hats(or helmets if you prefer). When the bottom finally falls out on this credit driven stock market rally, rest assured the repercussions will be sever. More than likely resulting in a tremendous drop in the markets and billions of dollars in wealth disappearing in a matter of days.
Show Notes/Topics And Links:
Adult Podcast
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This is an adult podcast – you are now officially forewarned
Links
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Curtsey of Mish’s Global Economic Analysis, Jobs +88,000, Unemployment Rate 7.6%, Household Survey Employment Drops by 206,000, by Mish Shedlock
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Curtsey of CNBC and Reuters, US Consumer Sentiment Tumbles to December 2011 Lows, by Staff
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Curtsey of Markit Ecnomicics, European Compositie PMI Data
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Curtsey of MSN Money, Midday movers: FedEx, Caterpillar, by MSN Money partner
Charts
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Is Dr. Copper signaling a decline in manufacturing demand?
Copper MoM Change
Curtsey of CnnMoney.com
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list
Podcast: Play in new window | Download (Duration: 36:32 — 33.4MB)
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Episode 320: 30 Minutes With The Poor Man Prepper(3-18-2013)…
Show Notes/Topics And Links:
Adult Podcast
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This is an adult podcast – you are now officially forewarned
The Big Story From The Weekend – Cyprus
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Cyprus received a bailout this weekend
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One of many such bailouts that have taken place over the last 4 years in Europe
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But this time – the people got shafted
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Curtsey of ZeroHedge, Europe Does It Again: Cyprus Depositor Haircut “Bailout” Turns Into Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs, by Tyler Durden
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Another story, via ZeroHedge, through TradingFloor.com, Cyprus bailout a major game changer, Lars Seier Christensen‘s Blog
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Bank runs anybody?
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Holly horsecrap batman – this is why diversification is key folks
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And why having money, coins, silver, and gold outside the grasp of governments, banksters and other unsavory sorts is paramount
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Don’t think that such a thing could happen here?
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Well think again – two words – Bank Holiday
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Curtsey of Wikipedia, Emergency Banking Act
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It’s on in Europe, folks – I’m not kidding either!
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We are going to have to watch what transpires in Europe very closely over the next year
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Forget about financial crisis breaking the Euro down(although this might still happen)
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I’m talking about full-blown insurrection here
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This is Europe folks and it wouldn’t be the first time something bad has happened in the Old World
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War drums are rumbling – got that?
This Week’s Schedule(3-18/24-2013)
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Monday – Episode 320: 30 Minutes With The Poor Man Prepper(3-18-2013)…
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Tuesday – Episode 321: Nuclear War And Fallout(3-19-2013)…
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Wednesday – Episode 322: Fitness Prepping – 3 Day Fast(3-20-2013)…
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Thursday – Episode 323: Firearms And Preppers – Lever Action Rifles(3-21-2013)…
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Friday – Episode 324: Hard Assets – Gold By The Gram(3-22-2013)…
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Saturday – Episode 325: The Week In Review From A Libertarian’s Perspective(3-23-2013)…
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Sunday – Episode 326: Weekly Economic And Crime Reports(3-24-2013)…
Next Week’s Schedule(3-25/31-2013)…
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Monday – Episode 327: 30 Minutes With The Poor Man Prepper(3-25-2013)…
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Tuesday – Episode 328: The Lost Generation(3-26-2013)…
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Wednesday – Episode 329: Fitness Prepping – Weight Loss Revisited(3-27-2013)…
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Thursday – Episode 330: Firearms And Preppers – The Humble .22LR(3-28-2013)…
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Friday – Episode 331: Hard Assets – Land(3-29-2013)…
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Saturday – Episode 332: The Week In Review From A Libertarian’s Perspective(3-30-2013)…
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Sunday – Episode 333: Weekly Economic And Crime Reports(3-31-2013)…
Later
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list. Or leave a Voicemail Message via SpeakPipe.
Photo credit: Randy Son Of Robert via photopin cc
Podcast: Play in new window | Download (Duration: 35:42 — 32.7MB)
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Episode 319: Weekly Economic And Crime Reports(3-17-2013)…
Show Notes/Topics And Links:
Adult Podcast
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This is an adult podcast – you are now officially forewarned
Economy:
America
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Are we recovering?
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Recent ISM data for manufacturing and services would seem to suggest so
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And the regional Fed indices are looking strong
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Retail sales rock
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But consumer sentiment sucks
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Curtsey of Bloomberg, Consumer Sentiment in U.S. Falls to Lowest Point in Year, Jeanna Smialek
Europe
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What else is there to say?
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One word – depression
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Germany seems to be trying to stay a float, with manufacturing leading the way
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But how long will that last?
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France? Hello socialism
Japan
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Let’s print and kick this currency war a rocking
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This will end badly
Photo Curtsey Of Anais Gómez-C
Crime:
Oakland, Kalifornia
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Curtsey of New York Times, Overrun by Crime, Oakland Looks to Make Allies in Community, NORIMITSU ONISHI
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Seems like a desperate act, will see if this plan works in the future
New York, NY
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Curtsey of The New York Daily News, Enraged protesters battle cops in Brooklyn streets during third night of rioting after it’s revealed that 16-year-old Kimani Gray was shot in the back,
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By Chelsia Rose Marcius and Shane Dixon Kavanaugh
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Riots always scare me, especially if the intensity of the riot carries on and cannot be controlled – situational awareness is paramount
England, Swinton, Greater Manchester
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A curios story from the UK
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Curtsey of The Telegraph, Real life superhero stops fight against crime after he is attacked, By Telegraph Reporters
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Their hearts are at least in the right place
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It is all about community – grassroots movements and neighborhood watches help if people are serious and vigilant
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But you got to follow the rules of engagement and try not to become an instigator
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list. Or leave a Voicemail Message via SpeakPipe.
Photo credit: photosteve101 via photopin cc
Photo credit: Verano y mil tormentas. via photopin cc
Podcast: Play in new window | Download (Duration: 24:06 — 22.1MB)
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Episode 298: Weekly Economic Update(12/8/2012)…
Show Notes/Topics And Links:
The Bulls Like The PMI(Purchasing Managers’ Index) Readings
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Global PMI had the largest increase since March according to Markit, let by the service sector
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China saw modest growth in both services and manufacturing, Curtsey of Markit
The HSBC China Composite PMI data (which covers both manufacturing and services) signalled a modest expansion of business activity during November. Activity has now risen for the past three months, with the rate of expansion the fastest since July. The HSBC China Composite Output Index posted 51.6 in November, up from 50.5 in October.
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And India’s economy is solidly keeping pace as a developing economy that is expanding successfully, led by the third monthly expansion in export sales and the fastest expansion in new orders since June
But The Bears Are Also Looking At Data(including PMIs)
Debt crisis in Europe is denting Germany’s prospects as the country’s central bank, the Bundesbank, has significantly cut its 2013 growth forecast to 0.4% from 1.6%.
Bundesbank has also lowered its forecast for 2012 growth to 0.7% from the 1% it predicted in June. However the Bundesbank expects the economy to rebound in 2014 with 1.9% growth estimate.
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Curtsey of Business Insider and Cullen Roche, Pragmatic Capitalism, 3 Bearish Signs In A Sea Of Negativity
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Finally, overall European PMI saw an increase, but only modest gains as the composite index rose to 46.5, from the 40 months lows of 45.7 from October
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The signs are pointing to a horrific showing for the European economy in the forth quarter
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And inflation is starting to increase in China, watch out
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list. Or leave a Voicemail Message via SpeakPipe.
Photo credit: dcwriterdawn via photopin cc
Podcast: Play in new window | Download (Duration: 31:41 — 29.0MB)
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Episode 258: Debt Apocalypse – Europe(11/14/2012)…
Show Summary:
Well, I guess you were wondering when Europe would come into focus on the Debt Apocalypse. The fact is this, Europe is heading to war one more time. Why? Economies of Europe are simply falling apart. Youth unemployment is soaring and manufacturing is contracting, both at staggering rates. Throw in socialist governments that want to tax everyone and everything. Add all of those ingredients up and you have a recipe for disaster.
Show Notes/Topics:
Europe-2010
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The sovereign bailouts began
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Greece, Portugal and then Ireland
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The bailouts came with attachments
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Austerity and higher taxes ensued
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Naturally, countries use to government safety nets, early retirement and government jobs did not take kindly to cut backs
Austerity
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Forced austerity does not work with people accustomed to government spending/safety nets
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Call it what you want, socialism or communism
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The reality is that after a couple of generations, people expect government services once implemented
Spain
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A country that had an economy collapse from a housing bubble
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The debt situation in Europe has only exasperated Spain’s problems
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Now Spain will not accept any terms for a possible bailout that has austerity stipulations attached
European Citizens
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The citizens of Europe are reeling from the bailouts, forced austerity, and no leadership
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Desperate people do desperate things
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I personally believe that we will see civil war in Greece and Spain shortly
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Followed by war across Europe
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What political faction or leaders in the these countries will lead this war is uncertain at the moment
Germany
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Germany is the strongest economic country in Europe, but will not escape the onslaught
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Curtsey of Reuters, Sinking German investor morale fuels recession talk, by Victoria Bryan and Sakari Suoninen
(Reuters) – Morale among Germany’s analysts and investors sank in November as the crisis in the euro zone pounded its top economy, which looks increasingly at risk of joining the region’s periphery in recession.
Tuesday’s unexpectedly gloomy survey from the ZEW think tank followed a run of domestic data showing the private sector contracting, business sentiment plummeting, jobless rates rising and industrial orders dropping.
“For now, the ZEW looks broadly consistent with economic stagnation in Germany,” said Jennifer McKeown, senior European economist at Capital Economics.
“But we think that the economy will slide back into recession next year as the peripheral debt crisis intensifies and business and consumer confidence weaken further.”
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If you are in Europe, prepare now
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list. Or leave a Voicemail Message via SpeakPipe.
Photo credit: Celso Flores via photopin cc
Podcast: Play in new window | Download (Duration: 36:42 — 33.6MB)
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Episode 239: Weekly Economic Update(11/3/2012)…
Show Summary:
The per-election economic data has been rolling in over the last two months, has showed some strengthen of the US economy and a little, just a little in China. But what happens after the election? And does anyone believe in the recent uptrend in economic data?
I’m more inclined to believe that the results over the last couple of months show some economic growth in America. However, as 2013 approaches, I seriously believe this trend in activity will decrease. Rather it be due to brinksmanship from Fiscal Cliff antics, or the realization that the European tragedy is not going away, we are most definitely in for a very wild ride. Buckle up.
By the way, in case anybody hasn’t been paying attention. Apple, the former Wall Street/Hedge Fund darling, has been taking it on the chin since the release of the iPhone 5. Maybe I am be slightly conservative in my observation. Instead of taking it on the chin, how about being ran over with a Mack Truck traveling at 35 miles per hour.
Dropping from a high of over $700 per share, to Friday’s close of $576 over the span of the last six weeks is one hell of a drop. Unfortunately, clobbering the NASDAQ and hedge fund mangers everywhere. Keep an eye on the markets for a post-election contraction.
Show Notes/Topics And Links:
Election
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Economic reality will ensue after the election is over with
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Look for a correction in the equity markets after the election
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Markets are probably over bought at the moment, as QE Forever does nothing to boost economic growth
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Can the patient continue to endure these meds?
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When will the purging ensue?
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Ever see Trainspotting?
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Watch with captions on
Apple
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Ouch – Damn that has got to hurt
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And I actually kind of half way like Apple’s products, but while – look out below
Manufacturing
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PMI reports in this week – most are not good
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PMI – Purhasing Managers Index
Japan
China
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China’s official PMI went above 50 this month, after two months of contraction
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HSBC/Markit unofficial data shows twelve months of contraction
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China’s Green Snots – Sorry – I mean Green Shoots – or did I?
Europe
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European PMI – contracts to a 40 month low
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Why is nobody in America not paying attention to this
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Hello – Ever read a friggin history book – go look up WWII
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Pre-War Germany, forced to pay war reparations to France and England
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The economy eventually falters, leading to desperate measures – Hyperinflation ensues
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Cry baby southern socialist European states paying back loans made from the “Abbreviation Gang”
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You get the Golden Dawn wacko Nazis gaining popularity in Greece
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Desperate people do desperate, stupid things
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list.
Podcast: Play in new window | Download (Duration: 39:10 — 35.9MB)
Photo Curtsey Of Steve Jurvetson
Episode 201: 30 Minutes With The Poor Man Prepper(10-1-2012)…
Show Notes/Topics:
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Thanks for making September the most successful month for the Poor Man Prepper Podcast EVER – very close to 10,000 downloads for the month – THANKS FOR THE SUPPORT!
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Had a couple of problems with the Weekly Economic Update last night – was not able to get that show until this morning
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Giving the Bugout Bags From Around The World and Fitness Prepper podcasts a break this week – both show segments will be back next week – there are other subjects that I want to discuss this week
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European Winter Of Discontent
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Chances are increasing in Europe for civil war in Spain and Greece – people are getting desperate, but it will probably something out of left field that finally destroys the Euro experiment – moving from an economic crisis to a geopolitical disaster – definitely more on this topic in the future
A couple of insights when buggin out to a new location
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Forward your mail about a week in advance – rent a PO Box at the location that you are moving to – can be done online
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Difficulty with previous landlord and trying to get the deposit on the property back or receipt for any damages occurred – talk to your landlord to make sure you on the same page before you leave
Seriously consider using your local library as a resource – just a few ideas
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A quiet place that you can collect your thoughts, brain storm, and make a list
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Study – limit amount of distractions – find a cubbyhole – and get comfortable
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Computers, printing, copying, and faxing services
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Books – Duh!
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And you are already paying for it, might as well use it
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Do not forget and leave your USB flash drive with a public computer
Show Schedule:
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Tuesday – Episode 202: Surviving A Nuclear Attack…
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Tuesday – Episode 202: The Brilliance Of Personal Desperation…
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Wednesday – Episode 203: Native American Epidemic Holocaust…
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Thursday – Episode 204: The Art Of The Ambush…
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Friday – Episode 205: Making What You Got Last…
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Saturday – Episode 206: Prepper Entertainment – Folklore, Storytelling, Boardgames, And Role Playing Games…
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Sunday – Episode 207: Weekly Economic Update(10-7-2012)…
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list.
Podcast: Play in new window | Download (Duration: 33:58 — 31.1MB)
Photo Curtsey Of Kevin Dooley
Episode 181: Weekly Economic Update(9/2/2012)…
Show Notes/Topics:
Europe:
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Europe is still the problem
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And until that problem is fixed, nothing will change
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Irregardless if the ECB buys the debt of troubled countries(Spain, Greece, and Italy)
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The Eurozone countries are in recession/downturn and nothing is going to change with the band-aid patches
China:
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Infrastructure projects are not going to stop a hard landing
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Why? Because China already has cities setting vacant
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With 30 million people living in caves – because the caves are affordable
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The apartments in the cities – are not
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The China Central Bank might be concerned to ease – because of inflation in food prices
Japan
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Still recovering from the earthquake
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After the spending on the cleanup – what is left for Japan’s economy
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Japan is dependent on cheap energy to drive the Japanese economy
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Will Japan continue to use nuclear power or will they import their energy from outside sources
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If Japanese imports their energy – that will constitute a severe drag on the Japanese economy
Next week:
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I will give Europe, China, Japan, and America a break
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And will focus on other economies – Brazil, India, Venezuela, and Iran
America:
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Can our economy be fueled by a tired consumer?
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Amazon Kindle is sold out and has taken about 20% of the market share for tablet PCs
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How many tablet PCs, iPads, and TVs can we buy?
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Curtsey of Calculated Risk, Regional Fed Manufacturing Surveys and the ISM PMI, by Bill McBride
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We still have time – pay off debt and save money – common sense advise
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list.
Podcast: Play in new window | Download (Duration: 30:44 — 28.1MB)
Photo Curtsey Of William Cho
Episode 176: Weekly Economic Update(8/26/2012)…
Show Summary:
Once again, we are seeing trends starting to develop and take hold in certain parts of the world. The US economy is in the state of perpetually treading water. While the other three major economies across the world are sinking. Particularly, China and the Euro Zone countries, as they are caught in the grips of a growing global downturn in the 08′ Depression. How long will the US economy manage to stay above the water, before sinking with the rest of the modern economies?
Show Notes/Topics And Links:
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No Sci-Fi Saturday or Week In Review From A Libertarian’s Perspective this weekend
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I tried recording this podcast 5 times Friday and I just could not get it right and I ran out of time – sorry
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Europe is the problem – no real solutions until the EU is reorganized or disbanded completely
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Curtsey of BBC News, Japan exports fall on weak demand in China and Europe, by Staff
Exports fell 8.1% from the previous year, much more than the 2.9% drop economist were predicting.
High oil prices have also increased the cost of energy imports, which Japan relies on for power generation.
Many Asian export economies have reported weak trade figures in recent months.
Japan saw a 25.1% plunge in overseas shipments to the European Union as the sovereign debt crisis continues to hurt demand. It was the biggest drop since October 2009.
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Flash PMI numbers are down for Europe and China
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America is hanging in there – but with some problems
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The Good
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US PMI stays above 50 – expansion
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American durable goods – orders are up
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The Bad
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American durable good orders are up – but if you take away transportation, and then take away, defense – the we see contraction
New orders for manufactured durable goods in July
increased $9.4 billion or 4.2 percent to $230.7 billion,
the U.S. Census Bureau announced today. This increase,
up three consecutive months, followed a 1.6 percent
June increase. Excluding transportation, new orders
decreased 0.4 percent. Excluding defense, new orders
increased 5.7 percent.Transportation equipment, up five of the last six
months, had the largest increase, $9.9 billion or 14.1
percent to $80.4 billion.
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And how about that real estate recover?
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Bear vs Bull – You decide
Later,
Lat Cozad
latcozad@poormanprepper.com
Forum Is Now Open – Poor Man Prepper Forum
My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio. Also, I’m on Facebook, Twitter, and YouTube. And don’t forget to drop by my website and become a member of my email mailing list.
Photo credit: williamcho via photo pin cc
