Daily Digest

Daily Digest - January 10

Sunday, January 10, 2010, 10:21 AM
  • The end of America’s car-loving culture?
  • Jim Rickards' On-Target Interview
  • Gerald Celente's latest predictions of upcoming trends
  • Chart of the Day: How the Government Payroll Replaced Goods-Producing Jobs
  • Ten Experts I'd Listen Closely To
  • Venezuelans Scramble to Buy Goods as Chavez Devalues Currency 50%
  • Devaluation ups stakes in Venezuela election year
  • Accident inspires budgeting strategy
  • China's power consumption grows 6% in 2009
  • Is The Market Rigged?
  • Mother Jones Special Reports: The Accountability Deficit
  • China’s ‘Big Step’ on Futures May Boost Investments
  • Japan Air’s Largest Banks Said to Agree to Bankruptcy
  • Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising
  • 'Rare earth' shortage threatens green revolution
  • Trash to gas: Landfill energy projects increasing
  • eSolar strikes deal to build power plants in China
  • Factory Farmed Meat Can Trigger a Global Pandemic That Wipes Out 60% of Those Infected

Economy

The end of America’s car-loving culture? (Nickbert)

The U.S. vehicle fleet shrank by 4 million cars and trucks -- almost 2 percent -- last year. For the first time since World War II, Americans scrapped more cars and trucks than they bought.

Jim Rickards' On-Target Interview (Claire H.)

In this interview Jim discusses the the LTCM crisis, the US Dollar and devaluation, gold, central bank gold purchases, misallocation of capital, bank leverage and the dangers we face in the future, the reality of the US situation and comparisons to the Great Depression, the IMF, one world currency, Alan Greenspan, Ben Bernanke and much more.

Gerald Celente's latest predictions of upcoming trends (Claire H.)

Gerald Celente talks about the upcoming "Change" for the US, future trends and where the markets are likely to head in the new economic climate that will define the decade.

Chart of the Day: How the Government Payroll Replaced Goods-Producing Jobs (Robert H.)

In the just-so story of the evolution of our economy, our old manufacturing based economy has been replaced by an innovative knowledge economy. That's not quite true.

Ten Experts I'd Listen Closely To (Davos)

1. Faber: The 'American Empire' has peaked, is on a decline

Hong Kong economist Marc Faber says "the average life span of the world's greatest civilizations has been 200 years ... Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline."

Chavez Cuts Bolivar By Half in First Devaluation Since 2005 (Fred H., Nickbert)

Venezuela devalued its currency by half yesterday, the first such action since March 2005, as President Hugo Chavez seeks to pull the economy from recession amid falling oil revenue.

Chavez said the bolivar will be devalued to 4.3 per dollar from 2.15 per dollar for most imports. A second, subsidized peg of 2.60 bolivars per dollar will be used for importing food, medicine and machinery intended to boost the economy’s competitiveness.

Devaluation ups stakes in Venezuela election year (Davos)

The opposition seized on fears that prices for imported goods will double as shoppers formed lines of more than a hundred people outside some stores in the capital Caracas.

"It was a Black Friday, tinted red," said sales executive Diana Sevillana in reference to the crimson color of Chavez's socialist party. She stood in a line of 30 people outside an electrical goods store in a middle class neighborhood.

Accident inspires budgeting strategy (mooselick7)

If dieting is no longer a problem then join Wealth Watchers..

China's power consumption grows 6% in 2009 (mooselick7)

China's electricity consumption in 2009 grew 5.96 percent year on year to 3.643 trillion kilowatt-hours (kWhs), the National Energy Administration (NEA) said in a statement on its website Wednesday. The growth rate was 0.47 percentage points higher than that in 2008.

Is The Market Rigged? (Atlas C.)

We are living in unique times. In fact, the market’s performance has been so “unique” that many believe the market is being manipulated. This may sound absurd if it wasn’t for an executive order Ronald Reagan put into place, designed to manipulate the stock market.

Mother Jones Special Reports: The Accountability Deficit (Pat K.)

MoJo DC bureau chief David Corn and blogger Kevin Drum were on Bill Moyers' Journal on Friday discussing this package.

China’s ‘Big Step’ on Futures May Boost Investments (E.S.)

China took a “big step” toward opening its capital markets by approving stock index futures, paving the way for increased investment in the world’s fastest- growing major economy, according to Invesco Ltd.

Japan Air’s Largest Banks Said to Agree to Bankruptcy (E.S.)

Japan Airlines Corp.’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, according to four people familiar with the matter.

Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising (E.S.)

Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising An exodus of discouraged workers from the job market kept the U.S. unemployment rate from climbing above 10 percent in December, economists said.

Energy

'Rare earth' shortage threatens green revolution (mooselick7)

The key to a low carbon future is not negotiations in Copenhagen but mud and minerals in China.

All low carbon technologies, from wind turbines to electric cars and low energy lightbulbs, use elements known as 'rare earths'. And 95 per cent of these are found in China.

Trash to gas: Landfill energy projects increasing (mooselick7)

Hundreds of trash trucks across California are rumbling down city streets using clean fuel made from a dirty source: garbage.

The fuel is derived from rotting refuse that San Francisco and Oakland residents and businesses have been discarding in the Altamont landfill since 1980. Since November, the methane gas created from decaying detritus at the 240-acre landfill has been sucked into tubes and sent into an innovative facility that purifies and transforms it into liquefied natural gas.

eSolar strikes deal to build power plants in China (mooselick7)

A U.S. solar power company said Saturday it will help build a series of solar thermal power plants in China, as the world's biggest emitter of greenhouse gases tries to decrease its heavy reliance on coal, imported gas and oil.

Environment

Factory Farmed Meat Can Trigger a Global Pandemic That Wipes Out 60% of Those Infected (Lauren B.)

The chicken and pork industries have wrought unprecedented changes in bird and swine flu. Billions could die in a deadly flu pandemic, the likes of which we have never seen.

4 Comments

vyus's picture
vyus
Status: Member (Offline)
Joined: Oct 6 2009
Posts: 1
Re: Daily Digest - January 10

Correct link for "10 Experts I'd Listen Closely To"

http://www.marketwatch.com/story/12-dr-dooms-shred-2010-investing-optimi...

 

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Daily Digest - January 10

Sax: That video interview yesterday with CM was a good listen. Especially part 2 at the 6:30 point on.

Perhaps a cohesive lobbying effort to get a new agency run by CM up and running would be a good idea?

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
Re: Daily Digest - January 10

vyus, thanks for the corrected link to the story Davos posted.  I had tried it to no avail.  Davos; good stuff!

Speaking of which, I still have to listen to the CM video interviews that Sax posted in the DD yesterday.  Looking forward to it, Sax; thanks!

I am also having trouble accessing the Celente clip.  Could it be because I have the wrong browser?  Thanks in advance if anyone can help...

-pinecarr

jpitre's picture
jpitre
Status: Gold Member (Offline)
Joined: Mar 3 2009
Posts: 366
Re: Daily Digest - January 10 - Is The Market Rigged?

Is there any doubt that the market is/was rigged ? I don't have any investment in Wall Street, however even from the outside it is obvious that the thieves are at work. Admittedly the rigging has gotten more apparent in the last few years, but the big boys in collusion with the government have been skinning us alive for a very long time. It's like betting in a Las Vegas casino where you know that the house makes the odds and skims off the top. Lately though, they've become brazen enough to plain steal in broad daylight -- and a whole lot more than a "skim"..

Jim

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments