Investing in Precious Metals 101 Ad
  • Daily Digest
    Image by EpSos.de, Flickr Creative Commons

    Daily Digest 10/10 – Pound Fails to Shake Off Wounded Image, Robots Win And We Lose

    by DailyDigest

    Monday, October 10, 2016, 2:27 PM

Economy

Pound Fails to Shake Off Wounded Image After Week of Flash Crash (jdargis)

“It’s difficult to know what new can come out of this,” said Stuart Bennett, head of Group-of-10 currency strategy at Banco Santander SA in London. “The Europeans are sticking very much to their hymn sheet, which is no informal pre-Article 50 negotiations.”

In Second Debate, Donald Trump and Hillary Clinton Spar in Bitter, Personal Terms (jdargis)

Tense at first, and then increasingly angry as he grew more comfortable on the attack, Mr. Trump noted that three of Mr. Clinton’s accusers were sitting in the audience. It was one of several moments when Mr. Trump aimed to energize his most conservative supporters and drive a wedge between them and the elected Republican officials who have been abandoning him. He even threatened that if it were up to him, Mrs. Clinton would “be in jail” for her use of a private email server as secretary of state.

Both candidates were visibly uneasy throughout the debate, even refusing to shake hands at the beginning, as the town hall event unfolded on a small stage in a highly charged atmosphere. It was a deeply ugly moment in American politics, featuring the sort of personal invective rarely displayed by those who aspire to lead the nation.

Here’s Where the Next Bank Deposit “Bail-In” Will Strike… (Aaron M.)

Once a deposit is made at the bank, it’s no longer your property. It’s the bank’s. What you own is a promise from the bank to repay. It’s an unsecured liability. That’s a very different thing from owning physical cash stuffed under your mattress. Money deposited into the bank technically makes you a creditor of the bank. You’re liable to get burned from a bail-in should the bank get into trouble.

People in Cyprus had to find this out the hard way in early 2013. People awoke on an otherwise normal Saturday morning to the shock that the money in their bank accounts had been taken by a bail-in to recapitalize the banks.

CNN Censors Focus Group Members Voting Third Party (Aaron M.)

What happened was they asked us for the first time if any of us were now decided after having watched the debate. 5 said that they would vote for Clinton. 2 said that they would vote for Trump, and 12 said that they would vote 3rd party. They then said they were going to re-shoot it, except this time they changed “3rd party” to “undecided”. Some of us asked about the third party option, and they ignored us. They then said they were going to shoot it again, and still asked for “undecided” voters and left out “3rd party”. A lot of the members voted “undecided” because it was the only option other then Trump or Clinton.

Welcome To The Conversation: Important Information Why The Precious Metals Price Smash Is Meaningless (reflector)

In addition, we covered many other topics, including the strange 2016 U.S. fiscal debt increase of $1.4 trillion, while the budget deficit was less than half of that. We also discussed why the U.S. net worth of $89 trillion (Q2 2016) versus $58 in 2010 is not based on reality as our total energy consumption is actually lower.

Relief Organizations Are Broken Machines (jdargis)

During Haiti's devastating 2011 earthquake, the Red Cross raised half a billion dollars and built a total of six homes.

Robots Win, You Lose (Tiffany D.)

And now robots are creeping into banking. Earlier this week, Royal Bank of Scotland announced that it will soon unveil Luvo — a “human” AI that can answer questions online and mimic human empathy. This robot will be able to serve customers 24 hours a day, reduce the workforce and cuts costs.

Why Dividends Are Still A Must For Big Oil (Josh O.)

Globally, more than $9 trillion of government securities yield below zero, according to Bloomberg Barclays index data. In such an environment where investors are scrounging for yields, the big four oil companies offer mouth-watering ones. Exxon has a dividend yield of 3.4 percent, Chevron has a yield of 4.19 percent, BP has a yield of 6.68 percent, and Royal Dutch Shell has a dividend yield of 6.4 percent.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/7/16

Provided daily by the Peak Prosperity Gold & Silver Group

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."

Related content
» More

4 Comments

Login or Register to post comments