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    Daily Digest 4/11 – KY Gov Vetoes Pension Bill, U.S. Sanctions Inflict Pain on Putin

    by saxplayer00o1

    Wednesday, April 11, 2018, 11:11 AM


Kentucky governor vetoes pension bill allowing agencies to withdraw from state plan

The state's pension system has $60 billion in liabilities. According to Mr. Bevin, the new bill only raises $300 million over the next 20 years, which isn't nearly enough.

Pension Funding an Issue in 3 Midterm Gubernatorial Races

Pension funding levels for the three states are among the lowest in the nation. Each of the states’ combined pension plans are funded at 60 percent or less, according to Bloomberg Law analysis of information collected by pension research group Public Plans Data. With hundreds of employees’ retirements in jeopardy, the insolvency is likely to become a hot-button issue in the states’ already contested gubernatorial elections—especially in Illinois,

U.S. Sanctions Inflict Pain on Putin as Russia Pulls Bond Sale

The ruble depreciated 3.5 percent to 62.75 versus the dollar, taking its decline this week to 7.2 percent.

Global Debt Jumped to Record $237 Trillion Last Year

Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher from a decade earlier, according to an analysis by the Institute of International Finance.

U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates, CBO Says

Spending will exceed revenue by $804 billion in the fiscal year through September, jumping from a projected $563 billion shortfall forecast in June, the non-partisan arm of Congress said in a report Monday. In fiscal 2019, the deficit will reach $981 billion, compared with an earlier projection of $689 billion.

Venezuela stopped bond payments in September

The central bank data, which cover payments of sovereign debt only and exclude obligations by PDVSA and other state entities, show that just $83m was paid in October, compared with sovereign obligations amounting to $465m, according to data from Caracas Capital.

The U.S. Should Be Reaching out to Russia — Not Risking War (thc0655)

Russia is even more important geopolitically than these favorable metrics suggest. Russia and the U.S. are likely to improve relations and move closer together despite the current animosity over election meddling and the attempted murders of ex-Russian spies.

The reason for this coming thaw has to do with the dynamics of global geopolitics. There are only three countries in the world that are rightly regarded as primary powers — the U.S., Russia and China. These three are the only superpowers.

Oil Prices Likely To Soar On Geopolitical Risk (Michael S.)

As such, fears of a trade war have once again declined, although given the impulsive decision-making by the White House, that could obviously change at any moment. “It's not so much 'risk on/risk off', as it is 'trade war on/trade war off' and, at the moment, we're 'trade-war off',” Jasper Lawler of London Capital Group, told Reuters.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/10/18

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."

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  • Wed, Apr 11, 2018 - 5:52am



    Status: Silver Member

    Joined: Jul 30 2009

    Posts: 3134


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  • Wed, Apr 11, 2018 - 10:58am



    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 397


    We can no longer sit back and let Putin get away with it!

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