#FED Sends Mixed Messages As Future #Outlook Cloudy

Fed in three voices: recession, bubbles, and 'in a good place'

By Howard Schneider and Ann Saphir

(Reuters) - After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions on full display Friday, with warnings of a slowdown on the one hand and financial risks on the other bookending talk of how well things are going.

Central bankers are often called on to speak with one voice, but the Fed now has three - those ready to reduce rates even lower to ward off economic risks, those who prefer to stand pat and watch the data for now, and those warning that the Fed may already be fueling a credit bubble.

"The economy is in a good place," Fed Vice Chair Richard Clarida said in a CNBC interview, noting that while there are risks, there is also a "virtuous circle" under way of job gains, wage gains, and increased spending among households.

Consumption accounts for nearly 70% of the U.S. economy, and "I cannot think of a time in aggregate when the consumer has been in better shape," Clarida said.

Fed policymakers voted 7-3 to reduce their target overnight policy rate by a quarter of a percentage point on Wednesday, to a level of between 1.75% and 2.0%. It was the second Fed rate reduction this year.

The move, which Clarida supported, was aimed at offsetting slowing global growth and risks associated with U.S. President Donald Trump's trade battles with China.

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ROUBININ AGAIN WARNS OF GATHERING STORM

#Week4Future: Global #Climate #Strike Week - @postcarbon

At this unprecedented pivital juncture in human history Investors'Insights is pleased to annouce its support and endorsement of the beliefs, policies and actions of:

Post Carbon Institute

Our Strategy

Post Carbon Institute provides individuals and communities with the resources needed to understand and respond to the interrelated ecological, economic, energy, and equity crises of the 21st century. We help build resilience to withstand these crises, and support social and cultural change to make society more ready to take decisive and appropriate action. Specifically, we:

• Grow collective understanding of our energy reality, and the need for both conservation and appropriate, community-centric renewable energy.
• Promote community resilience as the best way to build thriving, relocalized neighborhoods, towns, and cities capable of withstanding coming disruptions.
• Support a growing movement of innovators and early adopters who can develop best practices and provide leadership both now and during future crises.

"But even if hope has to be held lightly in the steely-eyed recognition of what we face, we still must take action. Much of that action comes back to our own backyards."

A sea change moment?

Asher Miller

September 19, 2019

Tomorrow begins Global Climate Strike Week, led by young people to demand urgent action to address the climate emergency. What many hope will be a sea change moment in the struggle to mobilize a real response to this existential threat had a humble start a year ago when a young Swedish student, Greta Thunberg, began spending her Fridays protesting in front of the Swedish Parliament. Inspired by Greta’s example—and her blunt, uncompromising stance—millions of students have since joined her in the “Fridays for the Future” movement. This week is an opportunity for the rest of us to participate.

I will be out on the streets tomorrow and the following Friday in my hometown, and I’ll be joining a number of other activities planned locally over the coming week. PCI is supporting our staff to actively participate in the various communities where they live. We’d like to encourage you to do the same. Visit the Climate Strike website to find activities near you.

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The Most Important Speech Ever

#CLIMATECRISIS: IMPORTANT #WEBINAR INVITATION FROM THE POST #CARBON INSTITUTE

Hello Everyone I work on issues surrounding the climate crisis nearly every day, but I still struggle to talk about the magnitude of the situation with my family and friends. Finding the right approach to these conversations—so we can keep talking even when we disagree or leave the conversation feeling empowered rather than disheartened—can be truly challenging. Which is why I'm so excited about our live webinar with Karin Kirk and Susanne Moser, We Need to Talk: How to have difficult conversations about the climate crisis. Karin Kirk has taught courses about climate change, overseen energy conservation projects, worked on national-scale climate education efforts, and measured the effectiveness of NOAA's Climate.gov website. While a scientist by training, Karin is particularly intrigued by the intersection of science and the human dimension. Susanne Moser is a geographer who works nationally and internationally as an independent scholar and consultant from a base in western Massachusetts. Her work with government agencies, non-profits, foundations, and other researchers and consultants focuses on adaptation to climate change, resilience, transformation, science-policy interactions, and effective climate change communication. During the webinar we'll talk about: Overcoming personal reluctance to have conversations about the climate crisis Strategies for connecting with people who disagree with us How to approach this difficult topic so that you inspire others to take action I hope you'll join us. Our panelists have a wealth of experience and wisdom to offer so we really think you'll enjoy this great conversation whether you talk to people about the climate crisis for a living or out of personal passion. WHAT: Live Webinar - We Need To Talk DATE: Thursday, October 10, 2019 TIME: 11:00 AM PDT / 2:00 PM EDT / 6:00 PM GMT GET YOUR TICKETS TODAY We are so lucky to have such an engaged and inspiring community. Your participation in these events makes them richer and far more meaningful. If you think your family and friends might also find this webinar interesting, please spread the word and share this post l with them. In gratitude, Amy Buringrud Marketing & Communications Director Copyright © 2019 Post Carbon Institute, All rights reserved. Our mailing address is: Post Carbon Institute 800 SW Washington Avenue, Suite 5 Corvallis, Oregon 97333 Add us to your address book

#OPEC #Oil Production Continues Unprecedented Slide

"The OPEC charts below were produced from data published in the OPEC Monthly Oil Market Report."

OPEC August 2019 Oil Production

by RON PATTERSON 

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"SLIDE? HOW SHOULD I KNOW?"

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AGREEMENT TO CUT PRODUCTION