Investing in Precious Metals 101 Ad
  • Daily Digest
    Image by kishjar?, Flickr Creative Commons

    Daily Digest 9/12 – Massive Global Debt Looms, U.S. Budget Deficit Widens To 5th Highest Ever

    by saxplayer00o1

    Wednesday, September 12, 2018, 2:32 PM


As opioid crisis rages, cost of overdose antidote spikes

Since 2013, an estimated 170,000 people have died from overdosing on both prescription and illegal opioids. That's roughly three times the number of U.S. military personnel killed during the Vietnam war.

Metro’s soaring pension costs threaten future service, federal report says

The 53-page report raises concerns about Metro’s nearly $3 billion in unfunded retirement and health-care costs, and notes that its $4.7 billion in total pension liabilities represents about 6.5 times what the agency spends annually on salaries and wages.

U.S. budget deficit widens to fifth-highest ever, CBO reports

What happened: Excluding timing shifts, outlays grew 8%, as the net interest on public debt jumped 25%, defense spending jumped 10%, outlays for Social Security grew 5%, and outlays for Medicare benefits rose 7%.

Egypt cancels second consecutive T-bond sale due to high yields

Egypt cancelled its second consecutive treasury bonds auction on Monday after banks and investors demanded high yields on the debt, statements by the central bank showed.

Massive global debt looms as major risk 10 years after GFC, Canada Pension Plan chief warns

"That debt might not be where it was, going into the global financial crisis surrounding real estate in the US, but there's an enormous amount of debt at government levels — whether it's in Europe, Japan or the US, where it's $US21 trillion at a government level.

Once wealthy, many Argentines now resort to soup kitchens, bartering

“To make doughnuts a month ago, I used to spend 150 pesos (almost $4) for oil and seven bags of flour. Now it’s more than 400 pesos,” complained Gladys Jimenez.

China Bond Traders Boost Leverage With PBOC Watching Closely

Chinese bond traders ramped up their leverage to a record high in August, and that could be catching the central bank’s attention. The turnover of overnight repurchase contracts, a tool traders use to seek financing to fund their bond purchases, increased for a second straight month to hit 66.1 trillion yuan ($9.6 trillion), official data showed.

Rupee Targets Slashed as Overseas Funds Dump Indian Bonds

The relentless slide in India’s rupee has analysts rushing to rework their forecasts. With the currency setting one record low after another, lenders including DBS Bank Ltd. are now predicting it will slide to as weak as 75 per dollar.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/10/18

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."

Related content
» More

No Comments

Login or Register to post comments