Much of the pain in retail is due to the upheaval in the apparel industry.
According to data from the U.S. government, nearly 13,000 jobs have been lost at clothing and clothing accessories stores in the past three months. Fast fashion upstarts are making life more difficult for some of the older mall-based stalwarts.
The table on the left shows the top regions that have devices listening on all of the 30 most prevalent TCP services. There was no “double dipping,” as a node in the “30 ports exposed” category had all 30 scanned ports exposed and was not in any other port-count category.
The table on the right shows a small portion of the national exposure index, the most exposed nations with insecure services—the most hackable countries.
The Money Cult (Joe M.)
Australia has amassed a huge pile of debt—over 120% of GDP—and most of it is mortgage debt on overvalued real estate. Now that Australia’s economy, which was driven by commodity exports to China, has tanked, a lot of this debt is being turned into interest-only loans, because Australians no longer have the money to repay any of the principal. But what if they can’t make the interest payments either? The obvious solution is to refinance their mortgages as interest-only at zero percent; problem solved! Of course, as conditions deteriorate further, the Australians will become unable to afford taxes and utilities. Negative interest rates to the rescue! Refinance them again at a negative rate of interest, and now the banks will pay them to live in their overpriced houses.
According to the report, just over half of the businesses surveyed said they planned to raise prices in order to offset the cost of a minimum wage hike. Thirty-five percent said they would likely reduce staffing levels and 37 percent said they would reduce employees’ hours or reduce the number of hours they were open for business. Thirty-one percent of businesses said they were very likely to hire more skilled workers in the future to offset the higher wage.
Energy Transfer Partners (ETP) is an MLP that started with natural gas pipelines, but later expanded into natural gas liquids (NGLs), refined products, and also crude oil. It currently has a dividend yield of 11.49% — exactly the type of yield investors would love to earn.
Williams Partners (WPZ) is another MLP that’s focused on dry gas pipeline transport. It’s dividend yield is 10.82%, also pretty juicy.
Jobs Report Changes the Landscape for Gold (Kevin J.)
The decline in job creation, as marked by not only the May number but also the downward revisions to the previous two months, completely changes the outlook for the U.S. economy going forward. It's a different world than what we were expecting just last week, and we need to be ready for it by owning gold, silver and well-positioned junior mining/exploration stocks.
U.S. Economy Priced in Gold (Taki T.)
National debt has increased exponentially for the past 50 years. Expect the exponential increase to continue and accelerate, even with historically low interest rates.
What if we priced national debt in “real money” – actual gold instead of the digital and paper stuff that can be created at the whim of a central banker?
UK gold dealer The Pure Gold Company said it had seen a 19 percent increase in enquiries to buy gold bars over the weekend, compared to last week.
Those looking to hedge against Brexit risk with gold can choose from a range of small investment products, from 1 gram bars for less than 50 pounds to kilobars priced at more than 28,000 pounds, bought over the counter or online.
In this chart, you can see that the number of temporary workers peaked and started to decline rapidly before we even got to the recession of 2001. And you will notice that the number of temporary workers also peaked and started to decline rapidly before we even got to the recession of 2008. This shows why the temporary workforce is considered to be a “leading indicator” for the U.S. economy as a whole. When the number of temporary workers peaks and then starts to fall steadily, that is a major red flag. And that is why it is so incredibly alarming that the number of temporary workers peaked in December 2015 and has fallen quite a bit since then…
A tech boom spurred by companies like Twitter Inc., Uber Technologies Inc. and Airbnb Inc. has transformed San Francisco into one of the hottest economies in the U.S. The unemployment rate was 3.1 percent in April, the lowest since 2000, and home values are at a median of $1.1 million, the largest among the 50 biggest U.S. cities. Mayor Edwin Lee on May 31 released a record $9.6 billion budget proposal.
The “Remain” camp got another boost when Conservative MP Sarah Wollaston announced she was switching sides from the “Leave” camp, telling the BBC late Wednesday she was “uncomfortable” about the credibility of their claims about the cost of EU membership.
Former Conservative prime minister John Major and his erstwhile political rival in the 1990s Tony Blair — were also set to put party politics to one side later on Thursday for a pro-EU rally in Northern Ireland.
Despite thousands of layoffs in the oil sector, U.S. drilling companies may soon be facing a shortage of skilled workers as oil prices rebound and operations begin to come back online
“I’ve met many people in poor countries who raise chickens, and I have learned a lot about the ins and outs of owning these birds,” he wrote.
“It’s pretty clear to me that just about anyone who’s living in extreme poverty is better off if they have chickens.”
Gold & Silver
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