Daily Digest

Daily Digest 12/31 - 11 Disturbing 11 Year Trends, Catch 22 Year In Review, Reducing The Cost Of Fuel Cells

Saturday, December 31, 2011, 11:46 AM
  • Cities Turn Off Their Lights As Budgets Get Slashed And Revenues Decline
  • Europe’s Growth No Bargain Compared To Emerging Markets
  • Farmland: The Only Place Real Estate Is Booming
  • Bankers Join Billionaires to Debunk ‘Imbecile’ Attack on Top 1%
  • Catch 22 Year In Review
  • As '11 Ends, 11 Charts Of 11 Disturbing 11 Year Trends
  • What Were The Top 10 Energy Stories Of 2011?
  • Reducing The Cost Of Fuel Cells

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Cities Turn Off Their Lights As Budgets Get Slashed And Revenues Decline (Jeff B.)

Cities around the nation, grappling with what is expected to be a fifth consecutive year of declining revenues and having exhausted the predictable budget trims, are increasingly considering something that would once have been untouchable: the lights.

Europe’s Growth No Bargain Compared To Emerging Markets (David B.)

Europe will be lucky to even have any economic growth for 2011 and the future. The theats of downgrades on a variety of European entities, both public and private sector, as detailed in many articles on www.emergingmoney.com, is ample proof.

Farmland: The Only Place Real Estate Is Booming (David B.)

Take, for example, the Wisconsin State Fair. It’s an idyllic setting with cows and pigs dressed in their best bows. The 4-H kids compete against each other for the best rabbit, and you can get nearly anything fried on a stick…

But this year, on Aug. 5, gangs of men attacked innocent bystanders on the fairgrounds, and even followed people out into the parking lot and into the surrounding neighborhoods.

Bankers Join Billionaires to Debunk ‘Imbecile’ Attack on Top 1% (jdargis)

Some of Schwarzman’s capital gains at Blackstone, the world’s largest private-equity firm, are taxed at 15 percent, not the 35 percent top marginal income-tax rate. Attacking the banking system is a mistake because it contributes to “a healthier economy,” he said in the interview.

Paulson, the New York hedge-fund manager who became a billionaire by betting against the U.S. housing market, has also said the rich benefit society.

Catch 22 Year In Review (JimQ)

The Wall Street mantra of stocks for the long run is beginning to get a little stale. If Abbey Joseph Cohen had been right for the last twelve years, the S&P 500 would be 4,000. For this level of accuracy, she is paid millions. Her 2011 prediction of 1,500 only missed by16%. The S&P 500 began the year at 1,258 and hasn’t budged. The lowest prediction from the Wall Street shysters at the outset of the year was 1,333, with the majority between 1,400 and 1,500.

As '11 Ends, 11 Charts Of 11 Disturbing 11 Year Trends (June C.)

As we pop the corks of our proverbial champagne this weekend with an eye to a better year ahead, perhaps it is worth thinking about these 11 incredible trends that have evolved in a rather disturbing manner over the last 11 years. As John Lohman points out, the 21st century has not been pretty for ongoing centrally planned attempts to defer the 30 year overdue mean reversion.

Energy

What Were The Top 10 Energy Stories Of 2011? (James S.)

9. Fracking revolution expands

Natural gas from fracking continued to make up an increasing portion of U.S. natural gas supplies, even as battles raged about the possible environmental implications. China — believed to have the world’s largest reserves of shale gas — is preparing to begin shale gas development soon, and is being assisted with technology sharing from the U.S.

Reducing The Cost Of Fuel Cells (James S.)

Meanwhile palladium may become harder than platinum to acquire. Russia produces 50% of palladium’s annual supply and Russia has been selling off strategic stockpiles. In simple terms, the use of Russian palladium stockpiles for current use will turn up later as reductions of the amount available to the market.

Article suggestions for the Daily Digest can be sent to [email protected]. 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

Full Moon's picture
Full Moon
Status: Diamond Member (Offline)
Joined: Oct 14 2008
Posts: 1258
booming Farmland

  We all sit here at the coffee shop amazed at the price of farmland .  Crop ground going for $4K -$5K an acre . Pasture land up to  $2 K .   And the not so funny thing is that  no one knows who the buyers/ investors  are .   Last week the neighbor across from my kids place sold a small 80 acre patch of Ghamma grass for $ 5k per acre.

 Do you realize how many years it would take to get this paid off or show a profit !  Even if Beans or beef stay high it will take over 10 -20 years .

 There is no doubt as to the people who inherited or bought at $150  are selling .

 Oh boy .

  FM 

thatchmo's picture
thatchmo
Status: Gold Member (Offline)
Joined: Dec 14 2008
Posts: 458
it's all relative...

I hear you FM, but as I read that article I'm thinking what good is money in the bank, after other preps have been completed- better to have it in something tangible, as long as it can be secured as "yours".  Having 80 acres of something looks better than having maybe 10, 30, or 90% of your wealth in something that has been shown recently (MFG, etc) to be as potentially tenuous as $$, electronic or "physical".  The question of course is who's got the time and skills to make that land productive, and hence, practically valuable?  I'm drooling over the prices shown- in Hawaii we see prices orders of magnitude higher.  That's why we import 90% of our food.  Unbelievable.  I can't wait for the County to start turning off some of the streetlights.... Aloha, Steve.

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 418
Do you realize how many

Do you realize how many years it would take to get this paid off or show a profit ! Even if Beans or beef stay high it will take over 10 -20 years .

Not so much if the cost of a loaf of bread goes to $40 due to hyper inflation. Food is getting very expensive around here. Prices seem to be rising noticable about every 3 months.

 There is no doubt as to the people who inherited or bought at $150 are selling .

They might regret that decision in a few years.

 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Another earthquake apparently associated with fracking practices

Officials: 4.0 magnitude quake in northeast Ohio related to wastewater injection well

McDONALD, Ohio — Officials said Saturday they believe the latest earthquake activity in northeast Ohio is related to the injection of wastewater into the ground near a fault line, creating enough pressure to cause seismic activity.

The brine wastewater comes from drilling operations that use the so-called fracking process to extract gas from underground shale. But Ohio Department of Natural Resources Director Jim Zehringer said during a news teleconference that fracking is not causing the quakes. “The seismic events are not a direct result of fracking,” he said.

Environmentalists and property owners who live near gas drilling wells have questioned the safety of fracking to the environment and public health. Federal regulators have declared the technology safe, however.

Zehringer said four injection wells within a five-mile radius of an already shuttered well in Youngstown will remain inactive while further scientific research is conducted.
 

http://www.washingtonpost.com/business/40-magnitude-quake-strikes-in-northeast-ohio-the-latest-near-a-gas-drilling-injection-well/2011/12/31/gIQAhiRoSP_story.html?tid=pm_pop

Full Moon's picture
Full Moon
Status: Diamond Member (Offline)
Joined: Oct 14 2008
Posts: 1258
Talked me into it ; )

  I'll not be selling mine . Got the taxes paid and have mouths to feed.        To some of us the land is what sustains us .... it is our meat and potatoes . It is our shelter .  Our blood ,sweat ,and tears are here.  It is where we are born it is where we will be planted back to the dirt .  

  To the Bankers and investors it is  just intrest where they can make more money . 

  FM 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1447
FED Bubbles

 So the fed has inflated farm land now.  Congrats!    There will be massive deflation first including a farm land price crash.  Then after awhile the dark money will activate to cause massive inflation.    

Bytesmiths's picture
Bytesmiths
Status: Silver Member (Offline)
Joined: Apr 29 2008
Posts: 220
Things are different in Canada
Full Moon wrote:

We all sit here at the coffee shop amazed at the price of farmland .  Crop ground going for $4K -$5K an acre . Pasture land up to  $2 K.

Consider that a bargain!

Here in southwest British Columbia -- where Canadians go to die when they get tired of the snow elsewhere -- rocky land covered in young alder and grand fir (trash trees) goes for $15k an acre.

I consider myself fortunate to have snagged some cleared, irrigated, Class 2 farmland for that price!

The dynamic is that in Alberta (land of the frozen tar sands), people are able to cash out a crappy 1,000 sqft house for half a million, then retire to the "sun belt" of the BC coast.

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