Gold at these prices is steadily flowing from West to East. What is not sustainable will not be sustained. There will be a reckoning, and a revaluation.
It would be better for the world if the would be financial engineers and central planners allow it to be gradual, rather than precipitous. Otherwise the gold leasing window will some day be slammed shut, and gold will go into a highly disruptive backwardation.
Mixed Economic Signals From China (jdargis)
But even in the jobs figures, broad disparities exist across China. Employment has grown solidly in the services sector nearly every month in the last five years, according to the purchasing managers index compiled by HSBC and Markit. By contrast, manufacturing employment, which generally expanded from 2009 through 2011, has mostly contracted since.
U.S. health officials on Monday officially tightened guidelines for health workers treating Ebola patients, now requiring full body suits with no skin exposure and use of a respirator at all times.
Médecins Sans Frontières, known in the United States as Doctors Without Borders, was on the ground at that time, working to fight the disease. But the organization saw no uptick in fund-raising until late July, said Thomas Kurmann, director of development for the United States branch.
“The United States is the protectorate of the monarchies, so who knows what kind of foreign policy initiatives are being made.”
Drowning In Oil Again (James S.)
For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the $148 per barrel peak in 2008 followed by the financial crash. Recently it has dipped to around the $80 mark and although we have seen a slight recovery many analysts believe it could break lower.
With the world in turmoil, including OPEC producers Iraq and Libya ± Iran, and Russia cast out by the West, one might expect the oil price to be quite perky. But the opposite is true. This post takes a look at some of the key production indicators from OPEC, Europe, N America and Russia. But I believe one needs to look no further than Figure 1 to understand the weakness in the oil price. Rampant production in the USA, the world’s largest oil producer and importer, means that competition for supplies on the international markets is weakening. The world is once again drowning in oil.
A More Realistic Cost of Wind Energy (Wendy SD)
Levelized costs are the net present value of the total cost of new construction (including finance charges during and after construction), maintenance, and operation of a generating plant over its lifetime, expressed in dollars per unit of output, i.e. dollars/MWh. They are used to compare various generating sources to see which sources are the most cost-effective when constructing new plants.
How To: Stock A Cellar (jdargis)
Does it take mad skills? Not at all. Most of these preservation processes were created before refrigerators, candy thermometers, fancy pots and pans and high-end stoves. These are basic techniques that allowed humans to live through winter, the skills that changed us from nomadic hunter-gatherers to an agrarian culture. “None of the greatest achievements in travel, exploration, and survival could have been possible without the increasing ability to preserve and carry food into places where none was available,” writes Sue Shephard in “Potted, Pickled and Canned: How the Art and Science of Food Preserving Changed the World.”
Gold & Silver
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