Senate rejects series of gun measures (jdargis)
Citing a fresh CNN/ORC survey showing vast majorities of Americans from all parties backing restrictions that would prevent individuals on terror watch lists from buying guns, Murphy predicted widespread voter anger in November’s congressional contests.
“I don’t think democracy allows for this Congress to be do out of step with the American public for long,” he said.
The Great British Trade-Off (jdargis)
For specialty food manufacturers across Europe, location equals brand. While Roquefort and gorgonzola cheese might resemble each other in their crumbly texture and unique smell, the former must be made from a specific strand of mold found in the French caves of Roquefort-sur-Soulzon, while the other is produced in the northern Italian regions of Piedmont and Lombardy. If it’s not made in Italy, it’s not gorgonzola.
Home Is Where The Fraud Is (jdargis)
Lisa had a bit more luck when she Googled “U.S. Bank NA as trustee for JPMorgan Mortgage Trust 2007-S2,” the name of the plaintiff on her foreclosure documents. This sent her to the website of the Securities and Exchange Commission, specifically an investor report (known as an 8-K form) for the JPMorgan Mortgage Trust. One paragraph included every party she had become familiar with over the past several months:
Baby boomers tell you there is a way out: a college education has always been the key to a good job. But that doesn’t seem to happen anymore. The college graduates you know are drowning in student debt, working for minimum wage, or toiling in unpaid internships. Prestigious jobs are increasingly clustered in cities where rent has tripled or quadrupled in a decade’s time. You cannot afford to move, and you cannot afford to stay. Outside these cities, newly abandoned malls join long abandoned factories. You inhabit a landscape of ruin. There is nothing left for you.
How does the Gold to Silver ratio indicate future prices? Examine the chart (below) of the ratio and silver. You can see a negative correlation between the ratio and the price of silver (gold also but not shown). When gold and silver prices are high, such as in 2011, silver has moved up a much larger percentage than gold, so the ratio drops into the 30 to 50 range. When prices are low, such as in December of 2015, silver has fallen far more than gold so the ratio is high – near or above 80.
But the rising rent on their one-bedroom apartment — more than for their three-bedroom rental in Pittsburgh — made it impossible to save enough to buy a home. With their rent going up again, the couple moved to a cheaper suburb in hopes of repaying their student debt and saving for a starter home.
To begin, I’ll focus on the present consumers of 70% of the worlds crude, the OECD+China+Russia+Brazil. And if we check the annual change to their combined 0-64yr/old population (blue line in the chart below), 0-64yr/old population growth has decelerated 90% since the ’88 peak and cumulatively turns to outright annual declines by 2019. The annual declines accelerate indefinitely from there. I also show total 0-64yr/old annual global growth (black columns) and 0-64 growth among the RoW or Rest of the World (red line).
Third, a Brexit will also have currency implications. The uncertainty surrounding the British and European economies will depress the pound and the euro. That will push capital flows into the dollar, strengthening the greenback, which as always, has a depressing effect on oil prices. “If it’s Brexit, then the macro picture would be quite bearish for oil and the dollar will strengthen—that’s a recipe for a correction” for crude oil, Doug King, chief investment officer at RCMA Asset Management, told The Wall Street Journal in an interview. In short, a “Leave” vote will likely cause oil prices to fall this week.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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