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    Daily Digest 4/13 – Expect The Unexpected, Do People Really Care About The Environment?

    by DailyDigest

    Thursday, April 13, 2017, 2:29 PM

Economy

Expect The Unexpected (James W.)

One possibility is that Le Pen will under perform on the night as traditional National Front voters, who dislike her anti-Euro/EU views, defect to Fillon. Fillon’s pro-business, socially conservative and pro-Euro stances could resonate with elements of the National Front electoral base. The Dutch populist politician Gert Wilders found that the centre-right Mark Rutte’s hard-line policies on security leached voters away from his own party. Fillon’s own strong positioning on the rising threat posed by Islamic fundamentalism could have a similar role in the French elections.

Millennials Are Abandoning the Postwar Engines of Growth: Suburbs and Autos (Aaron M.)

The build-out of suburbia drove growth for decades: millions of new suburban homes, miles of new freeways, sprawling shopping malls, and tens of millions of new autos, trucks, and SUVs, transforming one-car households into three vehicle households. Then there was all the furnishings for those expansive new homes, and the credit necessary to fund the homes, vehicles, furnishings, etc.

Two Months In, Trump Finds Big Promises Are Hard to Keep (jdargis)

To be sure, the difficulty Trump faces sticking to his campaign promises is familiar to every president. Barack Obama was unable to realize his vow to close the prison at Guantanamo Bay, George W. Bush saw budget deficits balloon and the economy stall during his presidency, and overhauling the nation’s health-care system escaped Bill Clinton’s grasp.

But those presidents, girded by previous political experience, acknowledged some of the political headwinds they’d face as they sought to implement ambitious agendas. Not so for Trump, who employed his characteristic bluster to promise dramatic change immediately upon assuming office.

Think New York Transit Is Bad? Just Wait (jdargis)

By building the new tunnel, we will have the flexibility to make the years’ worth of repairs that are needed to the existing tunnels without reducing service. Additionally, once the new tunnel is done and the existing tunnels are repaired, the increased capacity will mean that even when there is a shutdown, problem or derailment, service can continue with only minor delays because trains will be able to pass the derailed or broken locomotive.

Albert Edwards Is Puzzled: “Where Is The Wage Inflation?” (jdargis)

Where his note did get interesting is his admission that his recent worldview – recall that in recent months, Edwards has likewise expected a major breakout in inflation, only to be followed by an even more acute deflationary episode, one which sends US TSYs to negative rates – may be at risk, for one key reason: there is no wage inflation, to wit…

Oil Prices Pull Higher After API Reports Draws Across The Board (fabdave)

Oil prices rose to five-week highs after Friday’s reports of U.S.-ordered airstrikes against Syrian infrastructure, followed by production outages from Libya’s largest oilfield, and late-breaking news on Tuesday that suggested Saudi Arabia would support OPEC production cuts. Despite the overarching sentiment that the American Petroleum Institute would report a build late Tuesday afternoon, WTI was trading up 0.36% at $53.27 at 1:20pm EST, while Brent Crude traded at $56.03, up .09% on the day. These per-barrel prices are more than $2.00 higher than this time last week.

The Risk Of A Major Oil Outage Just Grew Substantially (Michael K.)

One of the main worries should be the cancellation by Russia of its cooperation with the U.S. (and others) with regards to operational security in the area. The risk of a military confrontation between the different armed players in the conflict has increased. Several NATO countries, such as Belgium, have already postponed further air force operations in Syria. The latter is playing into the hands of the respective armed extremists and Russian backed forces. It seems that this is not what Trump was intending.

Do People Really Care about the Environment? (Aaron M.)

The idea of caring for our planet may seem like self-evident common sense to the indigenous tribes of the world who live in close connection to the Earth. Likewise, for all other environmentally-aware people worldwide, including green activists and practitioners of permaculture (who are supposed to live by the ethics of care for the people, care for the planet and taking only one’s fair share). To such people, the idea that others may not actually care for the planet may seem quite perplexing! Why would they not care for the natural systems that sustain their lives?

Gold & Silver

Click to read the PM Daily Market Commentary: 4/12/17

Provided daily by the Peak Prosperity Gold & Silver Group

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11 Comments

  • Thu, Apr 13, 2017 - 6:50am

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2934

    China's $1.4 Trillion Debt Wall Seen Forcing Issuance Rise

    China’s $1.4 Trillion Debt Wall Seen Forcing Issuance Rise

    Bloomberg-21 hours ago
    China’s bond issuers, faced with 9.7 trillion yuan ($1.4 trillion) of maturing debt this year, are stepping on the gas. Companies and governments sold 1.3 trillion …

    Violence at parade highlights escalating Venezuela protests

    KTVQ Billings News – ‎13 hours ago‎
    In 2011, Venezuela had roughly $30 billion in reserves. In 2015, it had $20 billion. According to the country’s recently released 2016 financial report, about $7.7 billion of its remaining $10.5 billion of reserves is in gold. To make debt payments in

    Illinois lawmakers head out for 2-week spring break without passing …

    Illinois Policy-20 hours ago
    … result the state has a nearly $13 billion bill backlog and is paying more than $9 billion for interest on the state’s debt, crowding out funding for critical services.

    US budget deficit hits $176.2 billion in March

    CNBC-20 hours ago
    The Treasury Department says the deficit in March totaled $176.2 billion, compared to $108 billion in March of last year. A big part of that increase reflected $42 …

    Arab Populists Also Blame Foreigners as Gulf Austerity Sets In

    Yahoo Finance-11 hours ago
    Reluctant to deplete its $592 billion wealth fund meant to preserve cash for future generations, … “But dealing with a deficit means we must rethink our policies.”.
     

    One in three Australian home loans at risk, Reserve Bank warns

    Herald Sun – ‎4 hours ago‎
    That figure, however, concealed the dire situation for many low-income, high-debt households. Many borrowers could be at risk of default if rates rise. “These aggregate figures mask significant variation across borrowers, with available data suggesting

    Pew Charitable Trusts reports state pension funds, including …

    Statesman Journal-17 hours ago
    The Oregon PERS deficit is at about $22 billion, according to the most recent figures. Consequently, some Oregon universities are raising tuition by 9 or 10 …

    Michigan’s public pensions are at risk

    The Detroit News-10 hours ago
    That is in addition to the $33.3 billion in unfunded liabilities in pension systems overseen by ORS. Because of this pension underfunding, government …

     

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  • Thu, Apr 13, 2017 - 4:55pm

    #2

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 821

    Trump Flip-Flop

    If Trump sends >= 50K troops to Syria and bombs NK, it is time to start a recall/impeachment campaign.   Anyone agree?

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  • Fri, Apr 14, 2017 - 12:20am

    Reply to #2

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1436

    Only Congress can declare war

    I sure wish Congress would successfully stand up to the President, ANY President, regarding dragging us into war without their authorization as required in the Constitution. JUST SAY NO!! I wish that were an impeachable offense, but I don’t think it is. One of the weaknesses of the Constitution is that it doesn’t have many built in enforcement mechanisms for violating its provisions. I dont think the Founding Fathers could’ve imagined so many Congresses being so faithless and spineless and so many voters being too complacent to kick them to the curb. We are utterly doomed and deserve everything we’re about to get.

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  • Fri, Apr 14, 2017 - 1:11am

    #3
    robie robinson

    robie robinson

    Status Gold Member (Offline)

    Joined: Aug 25 2009

    Posts: 859

    Topped off

    Things a mite harried so we topped off the farms diesel tanks. Although rural America runs on diesel and alcohol, we’re increasingly solar powered. “Hay”, the original solar power.

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  • Fri, Apr 14, 2017 - 1:55am

    #4

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 465

    Do People Really Care About The Environment

    The article references a rating placing China and India first and the US last.  The rating is based on per capital consumption.
    Ecological footprint, however has  two components, population and per capital consumption.
    China and India may rate first in per capital consumption.  However, China and India together make up half of the world population.
    You can’t address global over consumption, without addressing population.  It’s as simple as that.
    The article isolates and addresses only per capital consumption issues.  That is and has always been a limited perspective that is doomed to failure.  
    A growing population is simply not sustainable.  That was Dr. Albert Bartlett’s core message.
    We need to always talk about both components of the ecological footprint, if we truly want a solution.
    This is first place?

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  • Fri, Apr 14, 2017 - 5:16am

    Reply to #2
    Tim Ladson

    Tim Ladson

    Status Member (Offline)

    Joined: Sep 22 2012

    Posts: 16

    Congressional Complicity

    I don’t think the Founding Fathers ever contemplated having a congress that would be out ahead of the president cheerleading us into continuous wars. Impeachment can only happen with an oppositional congress, not one drunk on hubris and delusional power.
    I agree that we seem to be doomed,especially after viewing the video T2H just posted on the 9-11 Deception, (highly recommended if you have the time), any hope of our redemption is rapidly disappearing.  
    Tim.

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  • Fri, Apr 14, 2017 - 5:32am

    #5
    Uncletommy

    Uncletommy

    Status Bronze Member (Offline)

    Joined: May 03 2014

    Posts: 514

    Options?

    Whether it’s war, pollution, populism, pensions, or what have you, making innocent people pay the price seems like a particularly human trait.  I wonder how it might affect the silver market; especially on this Good (news) Friday?

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  • Fri, Apr 14, 2017 - 5:54am

    #6
    robie robinson

    robie robinson

    Status Gold Member (Offline)

    Joined: Aug 25 2009

    Posts: 859

    30

    pieces of silver isnt
    that much.

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  • Fri, Apr 14, 2017 - 8:02am

    Reply to #4
    ezlxq1949

    ezlxq1949

    Status Bronze Member (Offline)

    Joined: Apr 29 2009

    Posts: 199

    Cornucopian planetary cooking

    LesPhelps wrote:

    A growing population is simply not sustainable.

    Yes it is, if you’re a Cornucopian. Wkipedia has a succinct article.
    In Australia it appears that most of our federal and state politicians and business leaders are devout Cornucopians. Right now they’re moving heaven and earth to allow the world’s largest coal mine, owned by Adani, to open a huge gash in th earth’s surface, right in the middle of the Great Artesian Basin. It’s a HUGE carbon bomb that will create a mere handful of jobs (and I’m betting that most will be ruthlessly automated) and promises to cook the planet — except that it won’t. As far as the faithful and true believers of the Church of Cornucopia are concerned, the great god Market will bring forth all necessary solutions. No amount of public protest seems to be making any difference to the politicians or their advisors at either level of government. No worries, mate, she’ll be right.
    To say I’m depressed is an understatement. Looks like The System will trundle on until it kills us all.

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  • Fri, Apr 14, 2017 - 10:35am

    #7
    TechGuy

    TechGuy

    Status Bronze Member (Offline)

    Joined: Oct 13 2008

    Posts: 295

    Re:Trump Flip-Flop

    Kugs Asked:
    “If Trump sends >= 50K troops to Syria and bombs NK, it is time to start a recall/impeachment campaign. Anyone agree?”
    Unfortunately Impeachment isn’t up to the people. Only Congress can authorize an impeachment, and Congress supports the war. Thus no chance of impeachment.
    FWIW: the US is likely sending 150K troops not 50K as reported by the press:
    “Rumors on the Right about US sending 150k Troops to Syria”
    http://www.libertynewsdaily.com/blog-4080-rumors-on-the-right-about-us-s
     
    THC wrote:
    “I sure wish Congress would successfully stand up to the President”
    The issue is that we need a President that stands up against Congress! It is Congress that wants more war. Trump campaigned against war, but has done a full 180 in the past month. Back in Feb. Trump was hated by Congress as both the DNC & RNC Congress member were constantly attacking Trump and some were calling for his impeachment. Now that he is “on-board” with the USA war-machine, they are congraduating him.
    Of the three branchs of gov’t, Congress is by far the worse in my opinion.
     

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  • Fri, Apr 14, 2017 - 6:41pm

    Reply to #7
    agitating prop

    agitating prop

    Status Silver Member (Offline)

    Joined: May 28 2009

    Posts: 282

    TechGuy wrote:Kugs

    TechGuy wrote:

    Kugs Asked:
    “If Trump sends >= 50K troops to Syria and bombs NK, it is time to start a recall/impeachment campaign. Anyone agree?”
    Unfortunately Impeachment isn’t up to the people. Only Congress can authorize an impeachment, and Congress supports the war. Thus no chance of impeachment.
    FWIW: the US is likely sending 150K troops not 50K as reported by the press:
    “Rumors on the Right about US sending 150k Troops to Syria”
    http://www.libertynewsdaily.com/blog-4080-rumors-on-the-right-about-us-s
     
    THC wrote:
    “I sure wish Congress would successfully stand up to the President”
    The issue is that we need a President that stands up against Congress! It is Congress that wants more war. Trump campaigned against war, but has done a full 180 in the past month. Back in Feb. Trump was hated by Congress as both the DNC & RNC Congress member were constantly attacking Trump and some were calling for his impeachment. Now that he is “on-board” with the USA war-machine, they are congraduating him.
    Of the three branchs of gov’t, Congress is by far the worse in my opinion.
     

    Trump campaigned against war, IMHO, because he was advised by Bannon that it was the only way he could win the presidency. It is almost certain that Trump and his henchmen fully planned to do whatever was most expedient and comfortable for them, once they achieved power. In this case it was to do a 180 degree turn on mearly allof his platforms, including foreign policy. Trump describes his basic immorality as ‘being flexible.’
    With Gorsuch appointed to the Supreme Court it is questionable whether Congress will be the worst branch of government.

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