Daily Digest

Daily Digest 8/14 - 'Temporary' Lifestyle Changes, Unemployment Figures, Wheat Farmers Play Guessing Game

Saturday, August 14, 2010, 10:49 AM
  • Hoping the Weekend Brings Perspective
  • Gold and U.S. Treasury and Mortgage Bonds Naked Shorts As Liquidity Machine
  • Take This Job And Shove It
  • Economic Growth Prospects Dim in U.S. After Retail Sales, Trade Reports
  • Wheat farmers play guessing game as prices soar
  • Fires, Floods and ‘Temporary Lifestyle Changes’
  • Heat may have caused N.J. fish kill

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Economy

Hoping the Weekend Brings Perspective (Ilene)

So if we take into account the overall expansion of the labor force since 1975, then it’s not terribly surprising that our Unemployment numbers are also higher this time around. Back in the 70’s we had the oil crisis, the hostage crisis, Watergate the end of a pointless war that put the country in debt and government interference with the markets and the dollar (Nixon removed the gold standard). In short – they were just as screwed up as we were…

Gold and U.S. Treasury and Mortgage Bonds Naked Shorts As Liquidity Machine (hucklejohn)

The problem in very recent history traces back to the September and October months of 2008, when Wall Street investment banks and the US banking system died. These banks have not and will not recover, since they died. Some deaths were obvious, but others remain well hidden. The big banks do not lend money since they are dead, the dirty little secret. Their insolvency is easy to prove, but obscured by altered accounting rules put in place on April 1st 2009.

Take This Job And Shove It (jdargis)

A front-page Wall Street Journal article documented the plight of employers who were simply shocked that people weren't interested in the jobs they were offering. The aggrieved included a company in Illinois that wanted to pay skilled machinists a below-market $13 per hour (about $26,000 per year) and an airline based in Dubai that simply couldn't grasp why hordes of Americans weren't rushing to move halfway around the world and take up residence in a non-democratic emirate for the irresistible annual wage of ... $30,000.

    Crash Course DVDThe Crash Course, viewed by more than 1.6 million people worldwide! Own the DVD today. (NTSC or PAL)

Economic Growth Prospects Dim in U.S. After Retail Sales, Trade Reports (jdargis)

“The data continued to show softening, and it does feel like the third quarter is starting off pretty weak,” said Bruce Kasman, chief economist at JPMorgan Chase & Co. in New York. “The bigger issue is whether the momentum slide we’ve seen since the second quarter will be arrested.”

Environment

Wheat farmers play guessing game as prices soar (jdargis)

Earlier this summer, Cooksey contracted to sell about a third of his crop to take advantage of the then-attractive price of $4.50 a bushel. Since then, wheat futures briefly soared to almost $8 and settled Friday at $7.34.

Fires, Floods and ‘Temporary Lifestyle Changes’ (VeganD)

In Pakistan, there isn’t a shortage of clean drinking water, there is NO clean drinking water.

Heat may have caused N.J. fish kill (VeganD)

The thousands of dead menhaden that have washed up along Delaware Bay in South Jersey may have been victims of this summer's heat, biologists say.

Robert Van Fossen, in charge of emergency management for the New Jersey Department of Environmental Protection, said tests showed dissolved oxygen levels were low after the fish kill, The Press of Atlantic City reported. He said oxygen levels drop as water gets warmer.

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8 Comments

scrappy coco's picture
scrappy coco
Status: Member (Offline)
Joined: Aug 3 2010
Posts: 12
Re: Daily Digest 8/14 - 'Temporary' Lifestyle Changes, ...

The fed is not your friend

[Ed. Note: We do not support links to sites that violate copyright issues or blur the lines of authorship through lack of attribution.  Link has been removed and no further links to this site will be approved or allowed.]

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 742
Re: Daily Digest 8/14 - 'Temporary' Lifestyle Changes, ...

Just FYI-I don't think I was one to submit the Pakistan flood link from maxkeiser.

Someone else should be getting credit for it.

Thank you Smile

Denise

[Ed. Note: The Max Keiser link collection was indeed what you sent, then I singled out the fish kill story because you said you were looking for some. Close enough? - jeanine]

joemanc's picture
joemanc
Status: Martenson Brigade Member (Offline)
Joined: Aug 16 2008
Posts: 834
Re: Fish Kill

We have fish kills in CT. I remember a story on teevee last summer where thousands of fish were found dead just inland from Long Island Sound, I think it was up a small river if I remember. The culprit? The smaller fish were being chased by the larger fish and couldn't make it back to the salt waters of the Sound. Happens every summer.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3176
Chris mentioned on The Street

I don't know if this has been posted elsewhere, but Chris got a shout-out from Jeff Nielson at The Street in a three part series on gold.

http://www.thestreet.com/story/10835831/2/bullion-as-an-investment--part-1.html

Quote:

With year-after-year of strong price growth, we should have seen some clear evidence of rising mine supply by now. The fact that this supply growth is absent is leading myself (and a growing number of other precious metals commentators) to suggest -- if not embrace -- the concept of "peak gold."

In this respect, I'm influenced by the superb research into commodities markets which was undertaken by Chris Martenson, and reflected in his ground-breaking presentation: The Crash Course. Martenson constructs many eloquent and powerful arguments that "peak supply" is a concept which is applicable (to greater or lesser degrees) to many of our most "precious" non-renewable resources. I encourage all doubters to take the time to view this presentation -- with the expectation that there will be far fewer doubters once they view Martenson's analysis.

Cool, very cool.

Doug

Dr Rob's picture
Dr Rob
Status: Member (Offline)
Joined: Sep 28 2008
Posts: 5
Re: Daily Digest 8/14 - 'Temporary' Lifestyle Changes, ...

This I feel is a very ominous developement and may bring foreward to next week the attack on Iran.

                                             http://www.debka.com/article/8970/

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 742
Re: Daily Digest 8/14 - 'Temporary' Lifestyle Changes, ...

Jeanine

Looks like I made an error there, sorry

The fishkill article was the one I wanted and I did not realize it linked back to keiser's website. I am still learning this blogging stuff. No criticism ever intended towards moderators, you always do a great job.
Regards, respectfully
Denise

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 742
Re: Fish Kill

Joe
Apparently I screwed up the link but if you looked at the video of the Jersey kill they blame the water temp but oddly the local seagulls won't eat any of the fish. Also there are other die-offs in NC, OK, MA attributed to warm waters. Still you have to wonder if the oil spill made the fish inedible in NJ in some way. Interesting that it happens in CT every year, like Chris said these systems are quite sensitive and can respond to very small changes in the ecosystem.
D

V's picture
V
Status: Platinum Member (Offline)
Joined: Dec 14 2009
Posts: 849
Re: Daily Digest 8/14 - 'Temporary' Lifestyle Changes, ...
Dr Rob wrote:

This I feel is a very ominous developement and may bring foreward to next week the attack on Iran.

                                             http://www.debka.com/article/8970/

… “I don’t take Debka seriously as a reliable source … but there are people who take it seriously and that’s what makes it dangerous,” said Boaz Ganor, an Israeli anti-terror expert.

V

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