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    Daily Digest 9/19 – Scotland’s ‘No’ Vote A Win For Betting Markets, Gold Bars Entice Super-Rich

    by DailyDigest

    Friday, September 19, 2014, 2:19 PM

Economy

This is the start of a long constitutional wrangle for the UK (jdargis)

Scots have affirmed the union by a margin of 55 per cent to 45 per cent. The rush of nationalism that showed up in the polls at the turn of September was not enough; wavering voters cleaved to the security of what they had. A unionist campaign that was traduced by armchair strategists for subjugating romance to fear-mongering turned out to be effective enough. Peter Kellner, the president of the polling company YouGov, told the BBC last night that unanswered questions about an independent Scotland’s economy – and, above all, its currency – were what ultimately told.

Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets (jdargis)

My own research with Microsoft’s David Rothschild suggests that pollsters could do a better job if they learned from prediction markets. Instead of focusing on whom people say they plan to vote for, ask them instead to focus on who they think will win. Typically, asking people who they think will win yields better forecasts, possibly because it leads them to also reflect on the opinions of those around them, and perhaps also because it may yield more honest answers.

Super-rich rush to buy ‘Italian Job’ style gold bars (thc0655)

The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.

“These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film ‘The Italian Job’,” added David Cousins, bullion executive from London based ATS Bullion.

Malaysian Flight M17 Crash Analysis, By The Russion Union Of Engineers (Ivo M.)

A group of experts from the Russian Union of engineers was convened to analyze the situation, including reserve officers with experience in the use of anti-aircraft missile systems, as well as pilots having experience with aircraft weapons.This problem was also discussed at a meeting of the Academy of Geopolitical Problems, where many variants were tested and discussed again. In the course of their analysis the experts used materials derived from public sources, found in the media. The situation was also analyzed using a computer simulation of the Su-25.

The Enchanted Land Where Community College Is Free? Welcome to Tennessee in 2015 (jdargis)

“It won’t, by itself, eradicate poverty,” Hass says, “but I think it’s a very positive step in the right direction of not only reducing poverty but also meeting the needs of employers who are trying to find qualified people for jobs.”

Several of Mississippi’s community colleges already offer free tuition, but state Rep. Jerry Turner won’t stand for “several.” He wants to make all 15 of the state’s community colleges free. Turner authored a bill that proposed that idea, and though it died in committee earlier this year, it’ll be up for discussion again in January.

The Next Crisis – Part one (thc0655)

Of course saying another crisis is coming is like saying we are due a large earthquake in Southern California. True, but it doesn’t mean one is going to happen tomorrow. What I think it does mean is that we should be thinking what our leaders, what the people they work for – the global overclass – might already have in mind or have already put in place, for what they want done next time. I think it would be foolish to imagine they have not thought about it and are not putting in place the things which will close off some futures and force us into others that they prefer. They have so very much to lose and so very much more they want to gain.

Commodities Suffer As Oil And Gas Takes Rail Priority

The rapid pace of energy exploration, for both natural gas and oil, in North Dakota is creating a crisis for upper Midwest farmers. Grain shipments have been held up by a vast new movement of oil by rail, leading to millions of dollars in agricultural losses and slower production for everything from breakfast cereals to corn and soybeans.

Grain and other agricultural shipments are more perishable than oil, yet they are largely taking a back seat to it as shipments of fuel have overwhelmed an aging railroad infrastructure in a part of the country that’s still largely rural and struggling to keep up with housing and infrastructure for a massive influx of shale oil- and natural gas-drilling workers drawn to the Dakotas to take part in the boom.

Busy Days Precede a March Focusing on Climate Change (jdargis)

Unlike the nuclear disarmament demonstration that drew more than 500,000 people to Central Park for speeches in 1982, the event on Sunday will rely on the marchers themselves to broadcast a message of frustration and anger at what organizers describe as a lack of action by American and world leaders.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/18/14

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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