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    Daily Digest 7/8 – Earthquakes Linked To Fracking, The Everything Bubble

    by DailyDigest

    Tuesday, July 8, 2014, 1:56 PM


Welcome to the Everything Boom, or Maybe the Everything Bubble (jdargis)

“We’re in a world where there are very few unambiguously cheap assets,” said Russ Koesterich, chief investment strategist at BlackRock, one of the world’s biggest asset managers, who spends his days scouring the earth for potential opportunities for investors to get a better return relative to the risks they are taking on. “If you ask me to give you the one big bargain out there, I’m not sure there is one.”

Ukraine Rebels Are Retreating for Last Stand (jdargis)

Ukraine’s president, Petro O. Poroshenko, called off a cease-fire last week and vowed to defeat the rebels on the battlefield. But that has raised the prospect of protracted and bloody urban warfare with significant civilian casualties.

Class of 2008 Grads in U.S. Earned Average $52,000 Four Years On (jdargis)

The report surveyed 17,110 students about four years after they received their bachelor’s degrees in 2007-2008. The sample provides a nationally representative picture of the about 1.6 million students who completed requirements for a baccalaureate degree between July 1, 2007 and June 30, 2008.

“We wanted to paint the picture of how different decisions and those who come from different demographics shape what the differences are in terms of employment four years later,” Socha said.

The Most Annoying Problem in Computing Is Still Unsolved (jdargis)

These days, the gadgets we carry are improving with frightening speed – each year bringing a cavalcade of new features, capabilities, and improved hardware. But the power sources that run those gadgets seem to be stuck in about 2007. We know that the world is going device-crazy, with mobile internet use expected to surpass PC use by next year, and a whole new category of wearable devices (led by smart watches) on the way. So why are batteries still so terrible?

Peter Schiff: The dollar shouldn’t be the reserve currency (Herman J.)

“There really is no reason for the dollar to be at the center of these transactions, because the dollar shouldn’t be the reserve currency. Maybe at one time – when we were the world’s largest exporter as far as the biggest trade surpluses, we had a high savings rate, the dollar was backed by gold – maybe at one time the dollar deserved to be the reserve currency, but certainly those conditions have changed dramatically over time…I think the more we antagonize the rest of the world with the spying or with these huge fines on foreign banks, the quicker that process is going to unravel.”

Energy Independence: Financial Fact or Political Fiction? (Kevin J.)

Given that we consume around 18 million barrels per day (18 MMbbl/d) of crude oil in the U.S., and our domestic production is only around 8 MMbbl/d, it will be years before we will become energy independent in terms of oil. On the other hand, if you count coal exports, you could argue that we are already energy independent. In any case, even though we don’t yet produce enough crude oil to meet all of our domestic consumption needs, I do think you’ll soon see the U.S. begin to lift restrictions on crude oil exports. And I think that’s a very important move for us to make.

Earthquakes Linked To Fracking (James S.)

Most people have become familiar with the complaints about how hydraulic fracturing, or fracking, is used extract oil or gas from shale: It contaminates local land and ground water, depletes local fresh water, potentially degrades local air quality, and could even trigger earthquakes. There has only been anecdotal evidence of these concerns, until now: a new scientific study says it has linked earthquakes to fracking.

BBC staff told to stop inviting cranks on to science programmes (jdargis)

Some 200 staff have already attended seminars and workshops and more will be invited on courses in the coming months to stop them giving ‘undue attention to marginal opinion.’

“The Trust wishes to emphasise the importance of attempting to establish where the weight of scientific agreement may be found and make that clear to audiences,” wrote the report authors.

Gold & Silver

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

Provided daily by the Peak Prosperity Gold & Silver Group

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About the Guest
Mike Maloney

Mike Maloney is the author of Guide to Investing in Gold and Silver, part of Robert Kiyosaki's "Rich Dad's Advisors" series of books.

Mike is the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Their partnership began in 2005, and since then they have been educating the public on the merits of precious metals investing as a means to wealth generation.

Since 2002, Mike has specialized in education on monetary history, economics, and financial literacy. He is widely regarded as an expert on economic cycles and has demonstrated to audiences throughout the United States that economic cycles are real, and that investing correctly for each phase of the economic cycle is a road to true wealth.

Mike is the owner and founder of, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, provides invaluable research and commentary for its clients, assisting them in their wealth-building endeavors.


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