Why Economic Growth Will Fail (Brock H.)
The message of Rise and Fall is this. For most of human history, economic progress moved at a crawl. According to the economic historian Bradford DeLong, from the first rock tools used by humanoids three million years ago, to the earliest cities ten thousand years ago, through the Middle Ages, to the beginning of the Industrial Revolution around 1800, living standards doubled (with a growth of 0.00002 percent per year). Another doubling took place over the subsequent period to 1870. Then, according to standard calculations, the world economy took off.
This Has Never Happened Outside Of A Recession (reflector)
In discussing the standards and terms of C&I loans, the report said, “changes to terms on C&I loans for large and middle-market firms were mixed. Specifically, a modest percentage of banks reportedly narrowed spreads of loan rates over the cost of funds, while moderate fractions of banks reportedly increased the premiums charged on riskier loans, on net. Banks also reported that changes in the terms of loans to small firms were mixed: Whereas moderate shares of banks reported having narrowed spreads of loan rates over the cost of funds and having decreased the use of interest rate floors, on net, modest percentages of banks reportedly increased the premiums charged on riskier loans and tightened loan covenants on net.”
The good news is since SS’s inception in 1935, the program collected $2.9 trillion more than it paid out. The bad news is that the $2.9 trillion has already been spent. But by law, Social Security is allowed to pretend that the “trust fund” money is still there and continue paying out full benefits until that fictitious $2.9 trillion is burned through. To do this, the Treasury will issue another $2.9 trillion over the next 13 years to be sold as marketable debt so it may again be spent (just moving the liability from one side of the ledger, the Intergovernmental, to the other, public marketable). However, according to the CBO, Social Security will have burnt through the pretend trust fund money (that wasn’t there to begin with) by 2029.
New Signs of an Economic Recession in 2017 (Tiffany D.)
Essentially, durable goods orders tell us how confident companies are in growing their business — rising durable goods orders show confidence the economy will continue growing, while falling orders signal a shrinking economy and curtailed spending.
During the past two decades, durable goods spending has only slowed from steady increases on two occasions.
Jamie Dimon questions accuracy of GDP data (lambertad)
Pointing to job creation, rising wages, increased household spending, and other signs that the economy is firming up, Dimon played down the GDP reading as a short-term data point.
“I wouldn’t overreact to short-term data,” Dimon said. “I’m not even sure GDP data is actually that accurate anymore.”
Given the atypical case for Yamal, laboratory studies Rospotrebnadzor carried out in several stages in compliance with all the rules of diagnosis of anthrax . Used for most of the samples taken from the tundra “negative” – the diagnosis was not confirmed. No anthrax and the girl translated last week in the intensive care unit for a particular observation. Today, the child feels well and is under observation in the ward. Unfortunately, there are positive findings in the research results. The preliminary diagnosis is confirmed by laboratory medical research in eight patients (3 children) Salekhard hospital. Doctors are used intensive treatment and preventative measures for all patients, including those with a negative diagnosis.
To meet an uptick in seasonal demand for oil, Saudi Arabia – OPEC’s de facto leader and top exporter – kept production levels close to record highs in order to limit Iran while it attempts to regain lost market share.
The Wall Street Journal reported that Saudi Aramco had also cut its price per barrel to Asia by sizable margins over the weekend.
When it comes to peaks in SPF magnetism we have come to expect one or two per year, one positive and one negative. At times when the total SPF does not reverse polarity in a given year, there is only one peak period. The time period from 2015 through the present has been entirely negative due to anomalously weak positive northern SPF magnetism (WSO 2016), and therefore we only expect one peak period of the total SPF magnetism per year. In Figure 1, below, we see both the 2015 and 2016 negative peaks in total SPF magnetism, annotated below the chart. Sometimes a peak period can have a ‘doublepeak’ within the overall peak period and this may be the case in 2016 (we should know by July 2016), but it is likely that the March 2, 2016 peak is one of the two, if not the lone peak.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to email@example.com. 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."