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Tweet Eli has pointed out that something like the WAIS collapse, once it enters the final stage, which only takes decades, cannot be adapted to, and, given that the long slide towards an inevitable collapse has begun, mitigation is a train that has long left the station. A word from Dano, more of a world view about what to do ——————————– By now, bunnies surely have shared carrots at the bar discussing the two new papers about the West Antarctic Ice Sheet (WAIS) passing a ‘tipping point’ to an inevitable collapse .
Read the original post: Driverless Cars Legally Hit Roads as California Issues Licenses; The Last Mile
Former Bundesbank Vice-President Recommends Gold, Says Current Economic System is "Pure Fiction" Anyone who is thinking clearly knows the economic system fostered by central banks is totally and completely out of control. Repetitive rounds of QE, competitive currency debasement, interest rates at zero, and sponsorship of the internet bubble followed by the housing bubble, followed by the current stock market bubble is proof enough. So, what I am about to report is really nothing but common sense, except for the fact that it comes from an unusual place, where one does not normally hear such discussions
Are Mortgage Credit Conditions "Tight"? A statement in regards to credit condition in a Bloomberg article this morning on New Home Sales caught my attention and merits further investigation. Here is the statement in question: " Builder optimism has eased as well, reflecting still-tight credit conditions and limited availability of lots
± 18.2 ± 22.3 Year-over-year, the US is down, the South is down, the Northeast is down, and the West is down. Only the Midwest is up. And please note the exceptionally wide confidence levels for Midwest sales. The Census bureau adds these additional notes "Changes in seasonally adjusted statistics often show irregular movement.
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