The most important decisions will be those made by policymakers in the US, on whether to raise interest rates, and votes cast by the British public, on the UK’s continued membership of the European Union.
Also on the schedule are the Spanish general elections, where voters could reject austerity imposed upon them by Brussels, and the potential for radical new monetary stimulus from the Bank of Japan.
Parents in at least two dozen Chinese cities have taken to the streets in recent weeks to denounce a government effort to expand access to higher education for students from less developed regions. The unusually fierce backlash is testing the Communist Party’s ability to manage class conflict, as well as the political acumen of its leader, Xi Jinping.
Central bankers looking to Denmark for evidence of such trauma aren’t likely to see much. If anything, they might find the Danes’ approach tempting. A certain amount of financial weirdness aside, their country is mostly free of the distortions economic theory tells us to expect, suggesting negative rates may deserve to move from taboo to the standard monetary policy toolbox.
In this case, some analysts say, it could be particularly hard to motivate them, not just because many of them will be immersed in summer activities, but also because they are being asked to embrace the status quo rather than to take up an idealistic cause of change of the type that typically energizes young people.
Job openings in manufacturing are at a 15-year high. Layoffs are at a long-term low. Wages are rising faster in manufacturing than in the economy as a whole. The unemployment rate in manufacturing is below the overall average. Please go to the item for the full presentation, but here is one of several representative charts, showing continued recovery after the crash of 2008.
Thanks to many other medical case studies, we now know that the brain is capable of astonishing recovery after substantial damage – even if the personality is permanently altered. Watch the video below to learn more about one particularly astonishing story of injury and recovery.
Is $100 oil on the horizon? (Adam)
Earlier this month, one investor bought more than 4 million barrels worth of call options at $110 and $80 a barrel for 2019 and 2020 in several transactions. In addition, another 800,000 barrels worth of $60 a barrel call also changed hands. The deals are public because of new regulations introduced in the U.S. by the Dodd-Frank Act. The disclosures don’t reveal the final buyer.
Why the Oil Price Rally Might Falter (jdargis)
But some might return quite quickly. The biggest new disruption is already being resolved: the wildfire that swept through Alberta’s oil sands and cut daily production by about 1.2 million barrels. Canadian production is returning slowly and will continue to add supply.
Gold & Silver
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