Daily Digest

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Daily Digest 6/18 - The Nonna State, World Leaders Meet In Mexico

Monday, June 18, 2012, 10:43 AM
,
  • China Closes Window on Economic Debate, Protecting Dominance of State
  • As Greeks Head to Polls Again, a Fear That No One Will Win
  • Worried Banks Resist Fiscal Union
  • Bron Suchecki: The Role of Arbitrage in Precious Metals Markets
  • The Nonna State
  • World Leaders Meet in a Mexico Now Giving Brazil a Run for Its Money
  • The Importance of Seagrass in Removing Carbon from the Atmosphere

Economy

China Closes Window on Economic Debate, Protecting Dominance of State (jdargis)

“It’s not a good time to speak out for reforms, but it’s a good time to speak out against them,” said Li Shuguang, a professor at the China University of Politics and Law. “The government doesn’t encourage debate.”

As Greeks Head to Polls Again, a Fear That No One Will Win (jdargis)

The winner will also face an uphill battle to inject confidence into a paralyzed economy that depends heavily on the continued infusion of money by the European Central Bank. The Frankfurt-based bank has become the last lifeline for a financial system that has all but seized up and a deficit-ridden government that has little ability to raise new revenues or borrow money to continue its operations.

Worried Banks Resist Fiscal Union (jdargis)

“Why do you think European banks won’t lend to Spanish banks?” asked Karel Lanoo, chief executive of the Brussels-based Center for European Policy Studies and an expert on bank regulation in Europe. “Because they do not trust Spanish regulators. Has Citigroup stopped lending to California? No — what we need is a single banking supervisor and a single settlement system like in the United States. And we have no time to lose.”

Bron Suchecki: The Role of Arbitrage in Precious Metals Markets (Erik T.)

Few investors are fully aware of the extent to which arbitrage influences precious metals markets, including Commitment of Traders reports and other data commonly used in fundamental analysis. In this interview, Perth Mint's Bron Suchecki gives listeners the low-down on how price is transmitted through arbitrage between both physical locations and various investment instruments.

The Nonna State (Ben Johnson)

The family state isn't just cultural, says Katherine Newman, an authority on the working poor and economic mobility at Johns Hopkins University. In modern times, family ties have compensated for welfare systems that aren't extensive or efficient enough to help needy populations. Northern European countries spend far more on social services, excluding health care, than their southern neighbors, and it is no coincidence that in countries such as Denmark, Sweden and Norway, intergenerational bonds are weaker than in Italy and Spain.

World Leaders Meet in a Mexico Now Giving Brazil a Run for Its Money (jdargis)

In contrast to the widening crisis in the euro zone, which will be the focus of the talks, Mexico will be able to point to 17 years of macroeconomic stability, low inflation, manageable debt, an open economy and increasing competitiveness. The gross domestic product expanded 3.9 percent last year, ahead of Brazil’s growth of 2.7 percent.

The Importance of Seagrass in Removing Carbon from the Atmosphere (OPA)

The ocean is actually the largest carbon sink, sequestering about 25 percent of global carbon emissions, and whilst seagrass covers less than one percent of the ocean floor, it accounts for10 percent of the carbon trapped in the ocean each year.

Article suggestions for the Daily Digest can be sent to dd@chrismartenson.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
Spain debt costs to jump...A must read

Spain debt costs to jump

Spanish Banks' Bad Loans Rise Sharply

Greek agony drags on as Asphyxiation Bloc wins (Ambrose Evans-Pritchard...Please don't miss the last few paragraphs)

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
California default concerns grip munis

California default concerns grip munis (Or use this link)

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
Spain pleads for ECB rescue as bond markets slam shut

Spain pleads for ECB rescue as bond markets slam shut (Ambrose Evans-Pritchard...a must read)

Default concerns grip muni bond market (Financial Times on California)

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 1603
Thanks for pointer to last paragraphs of AEP article, Sax

Thanks for pointer to last paragraphs of AEP article, Sax.  It is disturbing to realize how souless and greedy those running the money show really are, and how immune they are to the suffering caused to real people.  I think Davos was on to something when he named his website "Psychopathic Economics"!

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2502
Going for the Jugular.

It looks as though someone else has noticed that gold is coming to the boil.

I am making plans to be in Daejeong, Korea as a student to the 17th Cold Fusion conference.

Gold? We are going to need a much better plan than hoarding Gold. (Disclaimer: I too have the White Man's Disease. Beautiful heavy yellow metal)

I hear tell that Steve Koonin is not happy. Him, who went for Fleishmann and Pons' Jugular. Well, Well. I wonder if Chu is.   .   . Nah! Just a coincidence. Got nothing to do with Cold Fusion.

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