Daily Digest

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Daily Digest 9/27 - Candidates Clash On Energy, Pinching Pennies in America's Hedge-Fund Capital

Tuesday, September 27, 2016, 11:07 AM

Economy

Sales of new homes tumbled 7.6 percent in August (lambertad)

At the August sales pace, it would take 4.6 months to exhaust the supply of new homes on the market. That’s up from 4.2 months’ supply in July. Both months represent low inventory levels, even though construction of new homes has accelerated for most of this year. Builders would like to boost construction even more, but they face rising land and labor costs.

World Trade Set For Slowest Yearly Growth Since Global Financial Crisis (Adam, sign-in required)

World trade will this year grow at the slowest pace since the global financial crisis, a development that should serve as a “wake-up call” given growing anti-globalization sentiment, the World Trade Organization warned Tuesday.

Trauma Programming (thc0655)

Why is it so important to political progressives to keep feeding the story that great numbers of black people are being unjustly murdered by police? The facts, of course, suggest that this is not true. Earlier this summer, The Washington Post could not ignore the study published by black Harvard economist Roland Fryer, Jr. How a controversial study found that police are more likely to shoot whites, not blacks. And why in the long-running issue is it such a low priority to ask the truly salient question in all of these fatal confrontations: how are the suspects actually behaving during the incidents in question?

Trump: “The security aspect of cyber is very, very tough” (jdargis)

The two candidates disagreed as to who was behind the recent attacks on the Democratic National Committee but concurred that cybersecurity should be a top priority.

The former secretary of state, Clinton, laid the blame squarely at the feet of Moscow—concurring with the intelligence community and the view of the President Obama administration—and did not mince words.

Pinching Pennies in the Hedge-Fund Capital of America (Adam)

The reality is that places like Sternlicht’s, a nearly 6-acre estate priced at $5.95 million before he gave up, aren’t moving. No such problem if it’s $2 million or less. That Benz is going nowhere, but sales are up at Cadillac of Greenwich, where $50,000 is pretty much the basement. Ten-carat diamonds that can cost in the six figures collect dust in stores on the main drag. On the other hand, a husband will still drop $10,000 on jewelry for a 10th anniversary.

One Indicator to Beat the Crash (Tiffany D.)

When the VIX is significantly beyond 30, investors are definitely panicking, and the S&P 500 is in collapse territory. At this point, investors are selling everything in their portfolios just to stop the bleeding. They no longer care what price they get out at. They just want out. That kind of panic selling tends to feed upon itself, sending the market spiraling lower for an extended period of time.

The Presidential Debate: Clashing On Energy (Josh O.)

Trump recently delivered a speech at a fracking conference where he promised to cut taxes and reduce regulations, but the industry response has been skeptical. In In July Trump equivocated on his position regarding fracking, expressing sympathy with local municipalities who wish to ban fracking. In his attempt to court both rural, lower-income communities who are wary of fracking’s long-term consequences and the businesses behind the American fracking boom, Trump is being pulled in two directions at once.

The Grass Really is Greener, Especially Between the Rails (bobwise32952)

Europeans are better positioned for energy transition and global warming - mainly because of decades of public policy and investment, but also because of certain habits and attitudes..We can't undo our decades of investment in streets, roads and highways and suddenly switch over to rail. But in most of the country, the rudiments of a public transit system already exist...If you can use your local bus service without too much inconvenience, you can vote for public transit with your feet and your dollars. You don't have to wait for a referendum, and you can vote as often as you like.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/26/16

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."

4 Comments

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
Post-debate shenannigans

I'm calling BS on the post-debate ""market"" action.

Of course the status quo wants nothing more than a Trump loss and a Hillary win.

I found the whole debate like nails on a chalkboard and the Hillary supporters are fooling themselves if they think she came off looking good.

So I'm finding the whole "gold sold, and stocks bought" action today to be little more than some status quo cheerleading to make everything look great.  For Hillary.

Here's how Bloomberg, a supposedly neutral arbiter of the news, is running with this on their front page right now.  See if you can detect any anti-trump bias or ""market"" cheerleading on it:

Yeah...it really is that in-your-face obvious.

Yes we really do live in a highly scripted world, where very little about image management is left to chance.

 

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2769
Ugh with the "Debate" already

Any questions?

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 367
Rigged election

In my opinion, its going to be a rigged election. Hillary has won the election before any votes are cast. The debates are just a show to provide the perception of democracy. If the media is rigged in favor of Hillary what makes anyone think the polls will be anything different?

 

 

 

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Online)
Joined: Jul 26 2012
Posts: 520
Quick refresher

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