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    Daily Digest 7/11 – Tornadoes ‘New Normal’ In NY, Dry Farming In Arid Climates

    by DailyDigest

    Friday, July 11, 2014, 2:06 PM


Fed, Confident in Economy, Details End of Bond-Buying Program (jdargis)

Investors generally expect the Fed to start raising interest rates next summer. The Fed said the decision to end bond purchases in October, rather than continuing purchases at a nominal level until the end of the year, should not be interpreted as evidence that rate increases were likely to begin sooner.

McCarthy, Emanuel react to violent holiday weekend (Wendy SD)

Mayor Rahm Emanuel called the violence “senseless” and “totally unacceptable” but said police alone can’t reduce the bloodshed.

At a press conference, a briefing regularly used to tout the Police Department’s gun seizures, McCarthy returned to a favorite theme, calling for stiffer penalties for gun crimes as a way to reduce the violence.

Destroying Confidence: The Last 40 Years (GE Christenson)

Wages increase more slowly than taxes and consumer prices. Throw in several stock market crashes, a housing crash, add in a few million home foreclosures, flaunt price fixing and market manipulations, massive banker bonuses, numerous political scandals, and eventually people lose confidence in the system. That loss of confidence equates to dissatisfaction with congress and the administration.

Are You Ready for Doubles and Triples in Uranium Mining Stocks? (Kevin J.)

The uranium spot price has been in a seven-year downtrend. When you get to a bottom, you sometimes have false starts, and you bounce along. That's exactly what we're dealing with in 2014. Market sentiment is still extremely negative, but the smart, long-term investors who look at the supply/demand fundamentals over a three- to seven-year horizon have a different perspective than short-term traders looking for a quick turnaround profit. We think this is an excellent time for fundamental investors to get into the space. The longer the base, the more time investors have to acquire positions in the high-quality junior uranium miners that are literally trading for pennies.

Can the Arctic Reshape Global LNG Shipping? (James S.)

Rising global temperatures are melting Arctic sea ice, so much so that some companies are now viewing the Arctic Ocean as a major shipping route for energy supplies.

The Wall Street Journal published an article on July 9 that detailed a joint venture between two major Asian companies seeking to ship liquefied natural gas (LNG) through the Arctic Ocean. Mitsui OSK of Japan and China Shipping Development Company announced a combined investment of $932 million on three LNG carriers that could handle the rough icy waters of the far north.

Governor: Tornadoes 'new normal' in New York (pinecarr)

"The property damage that we've seen in Madison County is explosive in its effect," he said. "It looks like literally a bomb went off in a house and you just see devastation everywhere. Again, that's what tornadoes do. But we see those pictures on TV. We don't normally see them in the state of New York."

The governor's helicopter could also be seen flying low in Oneida County to see the damage in Deerfield.

When the Well Runs Dry, Try Dry Farming (Tana)

Fifteen miles north of Santa Cruz and 2 miles east of the Pacific’s crashing waves, Jim Curry is tending to his tomatoes. They are starting to flower and set fruit this month, and the thousands of lush green plants form a stark contrast amid the 5 acres of smooth, milk chocolate-colored earth from which they sprout. The powdery soil is fertile, but looks as dry as a sand dune. Curry has been growing tomatoes here since 1982 — entirely without irrigation.

Miami, the great world city, is drowning while the powers that be look away (Michael W.)

Every year, with the coming of high spring and autumn tides, the sea surges up the Florida coast and hits the west side of Miami Beach, which lies on a long, thin island that runs north and south across the water from the city of Miami. The problem is particularly severe in autumn when winds often reach hurricane levels. Tidal surges are turned into walls of seawater that batter Miami Beach's west coast and sweep into the resort's storm drains, reversing the flow of water that normally comes down from the streets above. Instead seawater floods up into the gutters of Alton Road, the first main thoroughfare on the western side of Miami Beach, and pours into the street. Then the water surges across the rest of the island.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/10/14

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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