Daily Digest 8/11 - A Common Sense Stock Market View, Dispatch From Daejeon
A Common-Sense View Of The Stock Market (Chris N.)
The second important thing to know about the stock market is that central banks and governments intervene as buyers to trigger rallies and put floors under declines. As noted above, huge buying of futures triggers opening rallies. It is a poorly kept secret that central banks or officially sanctioned but cloaked "plunge protection teams" are doing the buying.
As a Countrywide Home Loans executive in 2007, I supervised fraud investigators and reported to federal regulators and the company’s Board of Directors. That year, our investigations showed that commission-hungry Countrywide loan officers routinely forged borrowers’ signatures and doctored income and asset statements.
The Solution Is The Problem, Part 2 (Taki T.)
One exception to these findings is the experience of Scandinavian countries. They have both high taxes and high government spending as a share of GDP but have experienced relatively rapid growth over the past 20 years. However, a significant share of their spending goes to education, which has been found to foster growth. They also counterbalance the large role of the state with very liberal, pro-market reforms and low levels of public debt.
As a result of the August 2008 Bank Participation Report and subsequent CFTC correspondence to US lawmakers, I also learned at that time that JPMorgan was the big silver short, as I speculated on in this article. This is when and where the precious metals world came to learn that the big silver short was JPMorgan.
Free Exchange: Baby Monitor (jdargis)
Countries with very high fertility are usually dirt-poor—peasants value extra hands, however small, to help in the fields. (In Niger, which has a GDP per person of $700, the average woman can expect to bear more than seven children.) Low-fertility countries (with significant exceptions, such as China) tend to be rich. The Harvard study confirms that this pattern is replicated within countries: as a rule, the poor tend to have larger families. The authors use Demographic and Health Surveys (DHS), which contain a lot of detail about family structure and household assets. DHS data from 60 developing countries enable them to divide households into five income groups and to show that in every continent, the “youth-dependency ratio” (the number of children under 15 compared with the working-age population) is lowest in the richest group, next lowest in the next-richest group and so on. The poorest group has the highest youth-dependency ratio. The gap between top and bottom is marked. Ratios in the richest households are a third below those in the poorest ones.
Heat Wave! (jdargis)
Hundreds of thousands of gallons of "red slurry" were dropped on wildfires raging in Colorado. The chemical mixture is effective at firefighting, but it’s also full of toxins that threaten the water supply and wildlife, including ammonia and nitrates. For more background on the Colorado fires, read I-News Network’s account on how more people are moving into the state’s high-risk “red zones”, even as the frequency of fires has increased over the past decade.
Dispatch From Daejeon (Arthur Robey)
Two big events, NIWeek 2012 and ICCF-17, are back-to-back and bringing the community together to discuss the future of cold fusion/LANR/LENR/LENT/Quantum Fusion. Whatever name you prefer, the successful demonstration of the Anomalous Heat Effect by Dr. Francesco Celani, and the showcase offered by National Instruments for the fast-rising meme of clean energy, reveals the speed at which consciousness is turning towards the new energy figure of cold fusion.
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