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    Daily Digest 4/17 – China Debt Levels May Trigger Defaults, Is Bill Gates Ending World Hunger or Boosting Agribusiness?

    by saxplayer00o1

    Wednesday, April 17, 2019, 8:17 AM

Economy

Tax Day trauma: Paying for our massive national debt

An average taxpayer is going to have to fork over more than $2,000 this year just to cover their share of the interest on the national debt. It’s a huge sum going purely to finance the spending and borrowing of the past.

At the rate the national debt is rising, interest payments — the fastest growing part of the federal budget — will be bigger than Medicaid by next year and the military by 2025.

China’s unsustainable debt levels may trigger large-scale corporate defaults, OECD warns

Corporate debt in China stood at 155 per cent of GDP in the second quarter of 2018, which is much higher than in other major economies and unlikely to be sustainable, the OECD said. By comparison, Japan's corporate debt level is 100 per cent of GDP and the US’ is 74 per cent, respectively.

ECB to keep policy accommodative until inflation recovers: Villeroy

“We are clearly determined to maintain an ample degree of monetary accommodation for as long as necessary to reach our target of inflation below but close to 2 percent,” Villeroy told a conference sponsored by the Paris Europlace New York.

Italy’s deputy leader Di Maio says he won’t change the country’s economic path

The country also raised its 2019 deficit to 2.4%, breaking a commitment given to the European Commission last year to stick to just over 2%. The government also predicted public debt would hit a fresh record high of 132.6% of gross domestic product (GDP).

OECD says Japan's consumption tax rate should be more than doubled

Japan should more than double the consumption tax rate to as high as 26 percent to ensure its fiscal sustainability, the Organization for Economic Cooperation and Development said Monday…..Japan's fiscal health has remained the worst among advanced economies, with public debt equivalent to 236 percent of gross domestic product last year, according to the Finance Ministry.

Earnings are coming in, and higher costs are weighing on profit margins (Adam)

Listen in on the conference calls or read the earnings reports of the companies that have reported so far, and you can see plenty of references to the impact of higher costs on the bottom line. Trucker and logistics firm JB Hunt cited “increased driver wages and higher recruiting costs” as a negative impact on earnings, but there have been plenty others…

Seattle: The Utopian Lie (thc0655)

Colion Noir shines a light on the epidemic disguising itself as a homelessness problem, that is plaguing Seattle, while the politicians refuse to even acknowledge the issue and instead scapegoat owners and diminish the rights of the law-abiding. This is the true story of Seattle and its Utopian lie.

Sanders takes on Fox — and emerges triumphant (tmn)

For the Sanders campaign, it was an ideal end to a four-day swing through the industrial Midwest that was meant to show that he's the presidential candidate best positioned to beat Trump. Significant numbers of Democratic primary voters are more concerned with a candidate's ability to win than his or her ideology, according to recent polls.

Some of the difficult questions asked by the hosts, Bret Baier and Martha MacCallum, were about Sanders’ “Medicare for All” plan.

Ending World Hunger or Boosting Agribusiness? Gates Foundation Launches Ceres2030 (LesPhelps)

If it doesn’t ask the farmers what they need, however, who does a development foundation ask? The answer, says the Gates Foundation, is science. The Gates Foundation has nailed its flag to the mast of big data and scientific rigor. It has aggressively pursued scientific data collection as the key to effective action in health care, education, and now agriculture.

Permafrost nitrous oxide emissions observed on a landscape scale using the airborne eddy-covariance method (newsbuoy)

The microbial by-product nitrous oxide (N2O), a potent greenhouse gas and ozone depleting substance, has conventionally been assumed to have minimal emissions in permafrost regions. This assumption has been questioned by recent in situ studies which have demonstrated that some geologic features in permafrost may, in fact, have elevated emissions comparable to those of tropical soils. However, these recent studies, along with every known in situ study focused on permafrost N2O fluxes, have used chambers to examine small areas (<50 m2). In late August 2013, we used the airborne eddy-covariance technique to make in situ N2O flux measurements over the North Slope of Alaska from a low-flying aircraft spanning a much larger area: around 310 km2.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/16/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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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2 Comments

  • Wed, Apr 17, 2019 - 9:14am

    #1

    newsbuoy

    Status Bronze Member (Offline)

    Joined: Dec 10 2013

    Posts: 51

    NRA News Propoganda Flick

    Thanks thc for bringing the NRA’s latest propaganda strategy to our attention. The entire Colion Noir flick is an advertisement for the NRA, like those online ads that go on and on and on about the greatest stock opportunity of a lifetime only to find that after 15 mins invested reading it’s a subscription ploy. 
    Unless one is interested in studying modern propoganda techniques this is a boring shallow not-a-documentary waste of time.

     

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  • Wed, Apr 17, 2019 - 9:45am

    Reply to #1
    mntnhousepermi

    mntnhousepermi

    Status Bronze Member (Offline)

    Joined: Feb 19 2016

    Posts: 149

    newsbuoy wrote: Thanks thc

    newsbuoy wrote:

    Thanks thc for bringing the NRA’s latest propaganda strategy to our attention. The entire Colion Noir flick is an advertisement for the NRA, like those online ads that go on and on and on about the greatest stock opportunity of a lifetime only to find that after 15 mins invested reading it’s a subscription ploy. 
    Unless one is interested in studying modern propoganda techniques this is a boring shallow not-a-documentary waste of time.

     All TV shows have sponser or someone who is funding, I dont see why you care that it is Mossburg rather than Coors !  They are very upfront on who is sponsering this.
    It does not take away from the fact that there is a huge drug crisis there, and the fact that there is an interesting contrast on which laws and which people get police and legislative attention.  It is correct that law abidding gun owners are villified and thieft is not prosecuted.  Drug users are catered to ruining everyones quality of life while laws are passed that would limit the law abiding populations ability to defend themselves if they had a home invasion or were to be attacked in a park or on the street.
    And what answers are proposed ? While not in this video, in my area of CA, with the same problems, what is proposed to the problem of rampant car theft by drug users is to try and pass laws to require gun safes built into car trunks ( like the thiefs cant open a car gun safe.  They have cutting and welding equipment at their bike theft cchop shops, getting into a car safe would be no problem,  and the presence of the safe would clue them in to the gun presence more than one tucked away behind the trunk liner that a joy rider usually wouldnt notice)
     

     

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