Daily Digest

Daily Digest 1/7 - Silver In Backwardation, No End In Sight For Euro Debt Crisis, 2012 Energy Obstacles

Saturday, January 7, 2012, 11:42 AM
  • The Arbitrageur: Silver In Backwardation
  • Possible 1-Man ‘Wrecking Crew’ Responsible For Countless Destructive Robberies In Harlem
  • Europe's Debt Crisis: 'No Clear End In Sight'
  • China, 2012 and Von Mises’ Crack-Up Boom
  • Should I Travel to Argentina or not? The new Anti Terrorist Law
  • Ohio Natural Gas Activity Halted After 4.0 Earthquake
  • A Look at Some of the Obstacles Facing Wind Energy in the U.S.
  • Royal Navy sends its mightiest ship to take on the Iranian show of force in the Gulf

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Economy

The Arbitrageur: Silver In Backwardation (David B.)

The possibility of this and other arbitrages in a good that can be warehoused changes the whole structure of the futures market. One cannot look at the price of March silver as a prediction of the March price. Absent a shortage or other anomaly, the March price should be close to the spot price + the cost of carry (interest rate and storage). March silver should be at a slight premium to spot silver. This condition is normal, and it is called “contango“.

Possible 1-Man ‘Wrecking Crew’ Responsible For Countless Destructive Robberies In Harlem (Chris M.)

And when “Shoeprints” store manager Maharajh says the thief tries to “have access to make something,” he means, the thief wants to grab and get away. Maharajh showed Guzman the basement, where the thief smashed through a wall to get in. It confirms what police are saying about the man seen on surveillance video: he is making his own “access.”

Europe's Debt Crisis: 'No Clear End In Sight' (Jeff B.)

To make matters worse, the eurozone economy appears to have slipped into recession at a time when governments across the continent are embarking on new austerity regimes. This sets up a difficult balancing act for policy makers as they confront the need to cut spending and boost economic growth simultaneously.

China, 2012 and Von Mises’ Crack-Up Boom (pinecarr)

Great waves take 80 to160 years before they end in the eventual decline and collapse of existing epochs. Today, another great wave is about to crest and break; and the changes could be even more extreme as the amplitude of change is greater than in any previous wave.

Should I Travel to Argentina or not? The new Anti Terrorist Law (pinecarr)

I just wouldn’t travel to any country where according to a new law they recently passed, they have a right to throw you in jail for almost anything. The law gives a ridiculously broad definition of what they could take as terrorist, from civil disorder to trying to ruin the country’s finance by selling or buying foreign currency, or knowingly or not financing “terrorists”, no minimum amounts mentioned. Its all up to their “good” judgment.

Ridiculously enough, Argentina’s IRS (AFIP) already had their own CIA, called Financial Intelligence Unit. “Unidad de Infomracion Financiera”. According to themselves, IN THEIR OWN WEBSITE, well, what a terrorist or financial terrorist for that matter is isn’t exactly defined! So if you cant tell me what it is, why the hell do you have a law that can put that undefined person in jail for 15 years!!? http://www.uif.gov.ar/eng/financiamiento.html (I purposefully don’t hotlink it, its in English but its up to you to visit their website or not) That’s the situation as of today. You have to decide. As for my advice: It’s just not worth it.

Energy

Ohio Natural Gas Activity Halted After 4.0 Earthquake (guardia)

The 4.0 magnitude quake was just the latest in a string of temblors that began after D&L Energy started injecting brine, a byproduct of drilling for oil and gas, into the wells in 2010. The Youngstown area is not known for major seismic activity, but the Ohio Seismic Network reports that this was the 11th quake in a sequence beginning on 11 March 2011. The wastewater injection wells associated with the quakes have been multiplying recently, as the natural gas hydraulic fracturing -- or fracking -- boom continues in Pennsylvania, Ohio, New York, and elsewhere.

A Look at Some of the Obstacles Facing Wind Energy in the U.S. (James S.)

Such slow progress seems strange for a product that seems to have such great promise. It can reduce CO2 emissions. It doesn’t require fuel. It is at least partly US made. The popular view is that it could eventually replace gasoline, but that view is very optimistic because electricity is very different from gasoline, and because of the scalability issue.

Royal Navy sends its mightiest ship to take on the Iranian show of force in the Gulf (ScubaRoo)

The Daily Telegraph understands that HMS Daring has been fitted with new technology that will give it the ability to shoot down any missile in Iran's armoury. The £1 billion destroyer, which will leave Portsmouth next Wednesday, also carries the world's most sophisticated naval radar, capable of tracking multiple incoming threats from missiles to fighter jets.

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1 Comment

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
What a joke.

Re Royal Navy sends its mightiest ship to take on the Iranian show of force in the Gulf

What a joke.

What do they do when they have fired their 48 anti-missile missiles, which will take about 2 seconds once the shoot-out starts?

And again, they have never been tested against a single supersonic anti-ship cruise missile - " the Chinese-made C-802." is subsonic and completely out-dated The Russians have had supersonic ASCMs for ten years (Mach 2.9) and are working on ones to do Mach 6.

They come launchable from hardened silos, mobile launchers, planes, ships and submarines. And they swerve in flight to make calculating trajectories ineffective as well as being sea-skimming and stealthy.

Has Iran got any of them, or the Russian-Indian Brahmos equivalent? India has talked about selling them to Malaysia and Indonesia so why not Iran ?

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