• Daily Digest

    Daily Digest 4/6 – U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead, U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead

    by Daily Digest

    Tuesday, April 6, 2021, 9:29 PM

Economy

Coinbase Posts Record $1.8 Billion In Revenue As Crypto Market Shoots Past $2 Trillion

Ahead of its long-anticipated public market debut next week, crypto-brokerage Coinbase previewed results for its best quarter ever, pulling in $1.8 billion in first-quarter revenue, as booming interest in cryptocurrencies pushes the market to meteoric new highs.

California’s move to ban fracking by 2027 puts jobs, livelihoods at risk, opponents say

Answering the call of Gov. Newsom, Democratic California lawmakers introduced a bill to ban fracking by 2027, in the fifth largest economy in the world.

The bill, from Democratic state Sens. Scott Wiener of San Francisco and Monique Limon of Santa Barbara, would prohibit new fracking permits or renewals by Jan. 1, 2022, while also banning permits within 2,500 feet of homes or schools.

Why Shortages of a $1 Chip Sparked Crisis in Global Economy

To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver.

Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc. and Intel Corp. going for $100 apiece to more than $1,000. Those run powerful computers or the shiny smartphone in your pocket. A display driver chip is mundane by contrast: Its sole purpose is to convey basic instructions for illuminating the screen on your phone, monitor or navigation system.

Cryptocurrency inflows hit all-time high of $4.5B in first-quarter

Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.

The first quarter inflows represented an 11% increase from the last three months of 2020, which hit $3.9 billion.

U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead

U.S. job openings rose to a two-year high in February, led by gains in some of the industries hardest hit during the pandemic and indicating employers are poised to ramp up hiring in the coming months.

The number of available positions increased to 7.37 million during the month from an upwardly revised 7.1 million in January, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 6.9 million openings. Vacancies in health care rose to a record while openings in accommodation and food services increased to a four-month high.

The Housing Market Is Wild Right Now — And It’s Making Inequality Worse

Home prices are soaring around the U.S. Amid low inventory and historically low interest rates, some buyers are hitting the market to find they can’t compete with all-cash offers, or bidding wars that escalate well out of their price range.

Vaccine passport apps are here. But the technical challenges are still coming.

Coming soon to your smartphone: Digital codes that afford you access to airplanes, concert venues and even restaurants.

Vaccine passports are new apps that will carry pieces of your health information — most critically your coronavirus vaccination status. They may soon be required to travel internationally or even to enter some buildings.

Gold & Silver

Click to read the PM Weekly Market Commentary

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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9 Comments

  • Tue, Apr 06, 2021 - 10:47pm

    #1
    carljames

    carljames

    Status: Member

    Joined: Mar 10 2021

    Posts: 6

    0

    Thank you

    Your website has a nice structure too. If you're looking for a locksmith. Just Click Here 

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  • Wed, Apr 07, 2021 - 5:07am

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2395

    6

    NH track coach fired for refusing to make kids wear masks outdoors while competing

    https://whdh.com/news/nh-high-school-track-coach-fired-for-refusing-to-require-his-athletes-to-wear-a-mask/

    Pembroke Academy’s track and field coach says he was fired for refusing to require his athletes to wear a mask while competing.

    It’s recommended all outdoor track and field athletes wear a face-covering during competition but Brad Keyes said when he learned his school would enforce those guidelines, he protested online by writing an article titled: “Fire me if you must.”

    “There’s no rationale to it, there’s no consistency to it and I felt like I would be lying to the kids in telling them that it makes any sense,” he said.

    When asked why he did not just quit in protest, Keyes said because he wanted to call attention to the issue.

    “Nobody would’ve heard about it. They would’ve said thank you and I would’ve walked away,” he said. “I titled it that way because I assumed they would fire me. And I was hoping I would catch some attention and maybe get the word out and maybe get some other people to speak up.”

    Keyes said he is not alone in feeling this way.

    “I’ve heard from other coaches, their approach will be to wink, a nod to the kids, ‘Oh if your mask falls off or gets pulled down there’s nothing you can do about it.’ So now we are coming up with these rules and they are going to be told they aren’t really important,” he explained.

    Tufts Medical Center Epidemiologist Dr. Shira Doron said mask-wearing during sports is encouraged for indoor events.

    “Being outside is extremely safe. It is very rare to have transmission of COVID-19 in an outdoor setting,” she said. “If there’s a race, and people are running by each other you know short time periods of being within 6 feet outside would also not pose a very high risk.”

    However, Doron said mask mandates are put in place for reasons other than preventing the transmission of COVID-19.

    “I think sometimes these rules about masking outdoors are not just about trying to keep people safe but also about trying to keep people comfortable,” she said.

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  • Wed, Apr 07, 2021 - 5:46am

    trbickle

    trbickle

    Status: Member

    Joined: Sep 24 2017

    Posts: 8

    4

    Outdoor Sports

    I was just noticing how nice it was to finally see soccer and track taking place at the school across the street from my house, but then how silly it looked for these kids to be wearing masks when jogging together around the track, and even the outfielders wearing masks on the baseball field even though they're 50 feet from anyone else.

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  • Thu, Apr 08, 2021 - 10:58am

    #4

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2395

    0

    US population growth in 2021 projected to be 2nd lowest in history, behind 1918

    https://www.bloombergquint.com/onweb/america-s-population-growth-looks-to-be-the-slowest-since-1918

    Notice how the authors assume population growth is an unqualified good and if the natural birth rate isn’t high enough then immigration MUST make up the difference. Haven’t they heard of global warming?

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  • Thu, Apr 08, 2021 - 3:36pm

    #5

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 359

    0

    Ladies and Gentlemen we have begun our decent into the second wave, Please fasten your face masks.

    PlaneFinder Map USA

    Second wave? Book it Danno!

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  • Thu, Apr 08, 2021 - 5:18pm

    ezlxq1949

    ezlxq1949

    Status: Bronze Member

    Joined: Apr 29 2009

    Posts: 404

    2

    They don't WANT to hear about global warming

    Same deal in Australia, same wilful blindness. Population produces prosperity — which to an extent is true — but TPTB and the BAU mob seem to assume that infinite population will produce infinite prosperity. Limits to growth be damned.

    After huge floods in eastern Australia and in particular in the river flats just north of the Sydney metropolitan areas, desperate developers and lunatic councils aided by a wilfully ignorant state government are pressing ahead with building yet more housing within the flood zone.

    A 1-in-100 year flood means only a 1% chance of such a flood in any given year, right? Wrong, but TPTB don't care. I have long since given up any hope of an outbreak of rationality among our leaders.

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  • Fri, Apr 09, 2021 - 5:02am

    VTGothic

    VTGothic

    Status: Gold Member

    Joined: Jan 05 2020

    Posts: 560

    8

    Can't emphasize enough

    ...how "done" I am with all of this post-rational nonsense.

    I'm not vaxing. If taking the vaccination doesn't mean the crisis is over, that we still have to mask and distance and submit to rolling lockdowns, then why the heck would I risk my gene code for it? I wouldn't. I won't. I gave them the benefit of the doubt all the way for way longer than I should have, but in the end Fauci and cronies have seared into me the certainty that authoritarians just want to authoritarian and profiteers just want to profiteer, and when they get married the offspring is evil. So anti-authoritarians have to anti-authoritarian. On that score, I'm officially radicalized.

    What I am doing is taking the prophylaxis recommendations and living my life normally. Of course, many of my countrified, widely-separated and often isolated anyhow neighbors are not going back to normal, but that's up to them. I mask in stores because tptb mandate it and stores can be cited for not enforcing it, but that's it. If anyone wants to shun me for it, have at it. This summer I'm going visiting and I'm having visitors. The more the better. Freezers are full and the larder's stocked. I'm having parties for various groups of people I haven't seen enough of, and for people I know but haven't met yet.

    And while I'm ranting, I've discovered that both my bitcoin and my guns have fallen overboard. These quiet Vermont lakes are shockingly treacherous. I guess I shouldn't have kept them in the same strong box. Biden can go dive for them if he wants either.

    The people in this video speak my mind. Too bad it's not US citizens standing like this. But good for you, Canadians!
    https://youtu.be/m7RTDr0U6cE

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  • Fri, Apr 09, 2021 - 5:16am

    blackeagle

    Status: Bronze Member

    Joined: May 16 2013

    Posts: 256

    2

    Warmest winter

    This was the warmest winter I have ever seen in Quebec. Quite some snow, but already gone a good 3 weeks ahead of regular schedule. No big floods expected this year. What's good is that the government is putting in place roadblocks for flood zones development (Examples: they updated the wet zones and flood zones maps province wide, no more building permits in wet areas, they offered in 2019 a one time compensation of 200K$ for people who accept to leave flood areas and tough luck for you in the future if you don't take it). Insurance companies are making it harder for the ones who stay (Hey, the risk is no more a risk: it is a certainty!). Even for the rest of their customer the cost of insuring houses increased by a good 25% because of the increase of extreme events. Of course, real estate developers just don't care, but things are getting more difficult for their business. So, overall, this seems to move in the right direction. Will see in the future where this will lead us.

     

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  • Sat, Apr 10, 2021 - 1:06am

    Ted405

    Ted405

    Status: Member

    Joined: Apr 10 2021

    Posts: 1

    0

    Ted405 said:

    Its becoming clear the situation is getting worse, the seasons are slowly shifting. I own a tree surgeon business and we have noticed that our traditionally slow season in winter is shifting out later and later. I cant see things getting better until more action is taken

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