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    Daily Digest 1/5 – Specter Of Deflation Haunting Risk Markets, Losing Earth

    by DailyDigest

    Saturday, January 5, 2019, 10:05 AM

Economy

The specter of deflation is haunting risk markets (edelinski)

The Federal Reserve has been watching the collapse of inflation expectations, which follow oil prices. Since October 1, the expected inflation rate (change in the US Consumer Price Index) during the next five years has fallen from around 2.1% to 1.5%, as the so-called breakeven inflation rate implied by Treasury bond yields fell in lockstep with oil prices.

More First-Time Home Buyers Are Turning to the Bank of Mom and Dad (Adam)

More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in 2011, according to data released late last year as part of the agency’s annual report.

A Stunner: National Debt Interest Will Soon Exceed National Defense Spending (John J.)

Last year alone just the national debt’s interest costs of $263 billion consumed 6.6 percent of all government spending and 1.4 percent of the nation’s gross national product. That huge sum is actually below the historical average of recent decades.

Jailing the Wrong Man: Mug Shot Searches Persist in New York, Despite Serious Risks (jdargis)

To the detectives involved, the shooting in January 2018 was just the latest in a long line of crimes solved by asking a victim to search through mug shots, an investigative technique used in New York City for more than 150 years. Detectives enter a description of the perpetrator into a database, which then spits out dozens or even hundreds of matching photos. The witness scrolls through, in hopes of recognizing the culprit.

The ‘Green New Deal’: A Radical Mandate for Government Control of American Society (thc0655)

Early on, under “Jurisdiction,” the document makes clear its grandiose philosophical vision: “The select committee shall have authority to develop a detailed national, industrial, economic mobilization plan for the transition of the United States economy to become greenhouse gas emissions neutral and to significantly draw down greenhouse gases from the atmosphere and oceans and to promote economic and environmental justice and equality.”

Rise of carbon dioxide–absorbing mountains in tropics may set thermostat for global climate (John J.)

Now, researchers have extended that theory, finding that such tropical mountain-building collisions coincide with nearly all of the half-dozen or so significant glacial periods in the past 500 million years. “These types of environments, through time, are what sets the global climate,” said Francis Macdonald, a geologist at the University of California, Santa Barbara, when he presented the work this month at a meeting of the American Geophysical Union in Washington, D.C. If Earth’s climate has a master switch, he suggests, the rise of mountains like Indonesia’s could be it.

Losing Earth: The Decade We Almost Stopped Climate Change (John J.)

The world has warmed more than one degree Celsius since the Industrial Revolution. The Paris climate agreement — the nonbinding, unenforceable and already unheeded treaty signed on Earth Day in 2016 — hoped to restrict warming to two degrees. The odds of succeeding, according to a recent study based on current emissions trends, are one in 20. If by some miracle we are able to limit warming to two degrees, we will only have to negotiate the extinction of the world’s tropical reefs, sea-level rise of several meters and the abandonment of the Persian Gulf. The climate scientist James Hansen has called two-degree warming “a prescription for long-term disaster.”

Spiders Can Fly Hundreds of Miles Using Electricity (tmn)

It is commonly believed that ballooning works because the silk catches on the wind, dragging the spider with it. But that doesn’t entirely make sense, especially since spiders only balloon during light winds. Spiders don’t shoot silk from their abdomens, and it seems unlikely that such gentle breezes could be strong enough to yank the threads out—let alone to carry the largest species aloft, or to generate the high accelerations of arachnid takeoff. Darwin himself found the rapidity of the spiders’ flight to be “quite unaccountable” and its cause to be “inexplicable.”

Gold & Silver

Click to read the PM Daily Market Commentary: 1/4/19

Provided daily by the Peak Prosperity Gold & Silver Group

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4 Comments

  • Sat, Jan 05, 2019 - 2:29pm

    #1

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1440

    That feeling when you’re first in line for bread

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  • Sat, Jan 05, 2019 - 5:10pm

    #2
    DennisC

    DennisC

    Status Bronze Member (Offline)

    Joined: Mar 19 2011

    Posts: 101

    Spidey-Sense

    Interesting article on spider travel and a bunch of other science-related links.  Thanks!
    Now, I have to rustle up some grub and get me a beer.  Mawmaw is out of hooch too.
    For more on “fun culture”, take a gander at this:
    https://www.theatlantic.com/entertainment/archive/2019/01/why-elizabeth-

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  • Mon, Jan 07, 2019 - 4:59am

    Reply to #1
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1360

    Yeh, that's a sign of armaggedon

    The day when a beautiful college girl dancing, in what is described as a “mash up” of a dance routine in the movie The Breakfast Club, is considered a sign of a Communist takeover of western civilization, then color me red.  I am totally in favor of college girls dancing.  That is said by a father of a girl who was a dancer long before she went to college, while she was in college and still dances on occasion.
    https://www.nytimes.com/2019/01/04/us/politics/alexandria-ocasio-cortez-

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  • Mon, Jan 07, 2019 - 8:12am

    Reply to #1
    Edwardelinski

    Edwardelinski

    Status Bronze Member (Offline)

    Joined: Dec 23 2012

    Posts: 317

    The Good News is

    She danced green energy,healthcare,income inequality and poverty onto the front pages of every newspaper here and abroad.The bad news is,the racist and mysogynistic men are working behind the scenes planning strategy against the muslim,african american,native american,latino,lesbian,bisexual,poor and working class women who took to the halls of government last week.This,a direct result of the womens march.They can take it though.The fellas never saw them coming….

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