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    Daily Digest 3/7 – The Forever-War We Never Question, China’s War On Coal

    by DailyDigest

    Monday, March 7, 2016, 4:49 PM

Economy

Revealed: the 30-year economic betrayal dragging down Generation Y’s income (jdargis)

A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies.

Where 30 years ago young adults used to earn more than national averages, now in many countries they have slumped to earning as much as 20% below their average compatriot. Pensioners by comparison have seen income soar.

Debtor days are over as BIS calls time on world credit binge (HughK)

With financial markets thrown into fresh paroxysms in 2016, oscillating between extremes of “hope and fear”, the over-leveraged world was finally approaching a day of reckoning, said Claudio Borio, the bank's chief economist.

Afghanistan: The Forever-War We Never Question (jdargis)

On the Republican side, Ben Carson was asked about Obama’s decision last year to “leave 10,000 U.S. troops in Afghanistan” indefinitely. That was in November 2015, and Carson dodged the question, shifting to a question of his own — on humiliation as counterterrorism — that he posed as an answer. “How do we make them look like losers?” he asked, arguably elevating the discourse on foreign policy in this most humiliating of election campaigns.

Google extends right-to-be-forgotten rules to all search sites (jdargis)

Indeed, the right-to-be-forgotten may seem evocative to privacy campaigners, but as the UK's Information Commissioner's Office has previously stated, "there is no absolute right [under the ruling] to have information removed."

Google, meanwhile, decided to play the long game by only agreeing to jettison some links from its EU-based search sites, immediately following the judgment. So it applied those rules to Google.co.uk, and Google.de, for example, but not to Google.com.

Will this be the catalyst for the next Holocaust? (Afridev)

This week on War College, we sit down with Yale historian Timothy Snyder to discuss his new book Black Earth: The Holocaust as History and Warning. Snyder spent countless hours delving into the history of the Reich and the Holocaust and Black Earth breathes a fresh perspective into a tired topic.

How oil price volatility explains these uncertain times (Robert G.)

Recently it occurred to me that the wave pool provides a metaphor for a complex, but disquieting phenomena that I've have been writing about at Oil-price.net for some time now -for previous articles see 2010, 2011, 2013 and 2015.

For anyone who has read one of these pieces you'll know how I have described that every three to four years volatility in the price of oil surges upwards as if spurred by an unseen wave machine.

Obama's Not Really Waging a War on Coal — But China Is (Merle2)

The 1.8 million layoffs have been announced as China is trying to ease pollution and shift to a more consumer-driven economy by ceasing overproduction of manufactured goods. The plan is to cut 500 million tons of coal production capacity by 2020, but there is no set timeframe for the layoffs. Economy warned that there could be wide gaps between the economic messages Beijing sends abroad and what happens domestically. And, she added, the central government risks political fallout from the mass layoffs in the state-run coal sector.

Oil Prices Maintain Gains On Strong U.S. Jobs Report (Josh O.)

As we have spoken about recently, Brazil’s weakening economy is plain to see; it has manifested itself in our ClipperData via lower domestic waterborne flows, while just yesterday GDP data showed the Brazilian economy shrank last year by the most since 1990. In an odd twist of fate, the Ibovespa, the Brazilian equity index, has just entered a bull market – although driven mostly by the increasing prospect of Brazilian President Dilma Rousseff’s impeachment than anything else.

As Alaska Warms, the Iditarod Adapts (jdargis)

Winter here is changing rapidly. Of the six warmest November-to-January seasons in Alaska since 1925, three have been in a row, including this one. Anchorage this year had its fourth-warmest February on record — at 29.9 degrees, almost 10 degrees above average — with little snow for weeks.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/4/15

Provided daily by the Peak Prosperity Gold & Silver Group

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