The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, has burned through a quarter of its war chest since 2014 in an effort to underpin the yuan and deter capital from fleeing the country. Chinese sales have made borrowing more costly for the U.S. government: 10-year yields rose to 2.6 percent last year, from as low as 1.3 percent.
“I fully get the euphoria — there has probably never been a more business-friendly president,” said Adrian Helfert, the head of global fixed income at Amundi Smith Breeden. “Lower taxes and less regulations are good for corporations and equity holders.”
Deep State neocons have declared war on Trump (sand_puppy)
Third, within one short week we went from allegations of “Russian hacking” to “having a traitor sitting in the White House”. We can only expect a further tsunami of such allegations to continue and get worse and worse every day. It is interesting that Buzzfeed has already pre-empted the accusation of this being a smear and demonization campaign against Trump by writing that “Now BuzzFeed News is publishing the full document so that Americans can make up their own minds about allegations about the president-elect that have circulated at the highest levels of the US government.” as if most Americans had the expertise to immediately detect that this document is a crude forgery!
The Wall Street Journal, citing unidentified current and former officials familiar with the matter, reports that officials’ decision to keep information from Mr. Trump underscores the deep mistrust that has developed between the intelligence community and the president over his team’s contacts with the Russian government, as well as the enmity he has shown toward U.S. spy agencies. On Wednesday, Mr. Trump accused the agencies of leaking information to undermine him.
In The Lapse Of Luxury: When The Rich Stop Spending (Tiffany D.)
We’re talking the likes of Tesla, LVMH Moët Vuitton, Diageo, Daimler AG, BMW, Pernod Ricard and even Nike. Yet S&P’s Global Luxury Index peaked almost three years ago in July 2014. Since then, it’s down about 13%.
Themed exchange-traded funds (ETFs) of the same type, such as the SPDR International Consumer Discretionary Sector ETF, offer similar results…
Can Saudi Arabia Carry OPEC Through Spring? (Michael K.)
Bloomberg estimates — based on IEA and OPEC figures — show that just three out of 10 OPEC members that had promised cuts managed to reduce their output to target production levels in January: Saudi Arabia, Angola and Qatar. Thanks to the Saudis, the cartel’s compliance was 93 percent, with 1.078 million bpd taken off the market compared to a target level of 1.164 million bpd.
This is around the size of Mexico, and researchers say it has the potential to cause untold environmental damage.
The discovery could change our understanding of how much carbon the Earth contains, suggesting it is much more than we previously believed.
I realise that there needs to be rules and regulations, but there also needs to be common sense . My proposed shop in my already existing shed does not impact on the environment, does not impact on traffic conditions, does not impact on my neighbours peace and quite, does not create pollution and waste and the list goes on. I pay the council a food licence to manufacture my products to sell at markets, but would like to have the right to sell them on my property from my shed while I am at home making them by advertising in the Tourist Information Centre promoting the Paddock to plate concept. There are many like me that would like to earn their living by selling their farm products from their properties, but the Red Tape and Regulations, over the top fees and so on make it so difficult that the ideas are often abandoned.
Known as persistent organic pollutants, these contaminants do not degrade naturally and can stick around in the environment for decades. The chemicals bond with bits of plastic and other kinds of organic debris, and are transported in air, soil and coastal waters. They’ve even been found in the Arctic, far from industrialized areas.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to firstname.lastname@example.org. 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."