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    Daily Digest 5/9 – The Biggest Bank Run In History, A Sobering Look At The Future Of Oil

    by DailyDigest

    Tuesday, May 9, 2017, 2:08 PM


The Long, Hard, Unprecedented Fall of Sears (jdargis)

The combined decline of Sears and Kmart, in terms of sales, is unprecedented, said Greg Portell, an analyst at A.T. Kearney. The seeds were planted by poor decision-making in the 1980s, during which time the company made a real estate play instead of focusing on selling stuff. No senior executive over the next 28 years was able to put stops in place to prevent the slide. “The management mistake that Sears made, in retrospect, was that they never got to a spot where they could stop the free fall,” said Portell.

CENTRAL BANK MARKET RIGGING: Horrified About The Biggest Global Bank Run In History (yogmonster)

I continue to receive emails from individuals who believe the Central banks can push the price of gold or silver anywhere they please. This is total RUBBISH. However, there is some method to their madness. It is a crying shame that there are still analysts out there misleading their followers with that sort of superficial nonsense.

Sinclair Acquires Tribune Media for $3.9 Billion (richcabot)

Tribune’s 42 television stations across 33 markets will now fall under the Sinclair banner, as well as cable network WGN America, digital multicast network Antenna TV and a minority stake in the TV Food Network. Sinclair will also pick up Tribune assets not involved in the broadcast industry.

The Kushner Project Touted in China Is in Trouble at Home (jdargis)

What she didn’t mention was that the project has suffered a slew of problems: the exit of its anchor tenant, the loss of millions in tax breaks and a curdling political relationship with the mayor of its host city.

The previously unreported exit by tenant WeWork — which is also expected to sell its stake in the project — as well as the mayor’s shift, add up to a sharp reversal of fortunes that led the family company to do what it has done before: seek Chinese investors.

This Obscure Metal Soared 70% (Tiffany D.)

Well, I did some brief research, and at first I concluded this complex wasn’t for me. But just to be sure, I gave it one more look a few weeks later, and that’s when I found the perfect apartment — which had just been put on the market for about 16% lower than the typical price tag.

Now I couldn’t be happier with my new digs.

The Question Sally Yates Couldn’t Answer (jdargis)

“We were concerned that the American people had been misled about the underlying conduct and what General Flynn had done, and also that we weren’t the only ones that knew all of this. The Russians also knew about what General Flynn had done, and they Russians also knew that General Flynn had misled Vice President Pence and others,” Yates said. “This was a problem because not only did we believe that the Russians knew this but that they also likely had proof. This created a compromise situation … where the national security adviser could be blackmailed by the Russians.”

A Sobering Look At The Future Of Oil (Michael K.)

Enbridge Line 5 crosses from Wisconsin to Michigan under the Mackinac Straits between Lake Michigan and Lake Huron, a distance of about 4.5 miles. Built in 1953 to the most demanding standards of the day, the Enbridge website says Line 5 transports about 540,000 b/d of Canadian light and synthetic crude and natural gas liquids to markets in Michigan and beyond. What has emerged is concern among campaigning Michigan politicians about the potential for a major spill into the Great Lakes, an event being politically branded as inevitable.

Colony collapse: 10 years after the crisis began, what is happening to the world’s bees? (Henry H.)

As a result we have much more data on bee populations, although coverage is still patchy and differences in survey methods make it hard to compare between continents.

It is clear that bees in the United States are still struggling.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/8/17

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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