Daily Digest

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Daily Digest 10/3 - Deutsche Bank Collapse, Recalculating The Climate Math

Monday, October 3, 2016, 6:58 AM

Economy

Kerry said he lost argument to back Syria diplomacy with force: NYT (lambertad)

The recording was made by a non-Syrian who attended the session, the newspaper reported, adding that several other participants confirmed its authenticity.Russian forces joined the Syrian war a year ago, tipping the balance of power in favor of Assad, who is also supported by Iranian ground forces and Shi'ite militia fighters from Lebanon and Iraq.

The Times said several people in the meeting pressed Kerry on what they saw as contradictions in U.S. policy.

The New SDR Is Here! (FREEPOM) (westcoastjan)

From the moment I began writing about the transformation of the international monetary system the approach I took was one of accountability and integrity. If I was to be writing about such important matters it was vital that the information presented was accurate and well researched. Boomerang karma was not something I was interested in. As such, it became a personal responsibility of mine to ensure the information was accurate and all predictions could in time be proven and validated.

Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major ‘Liquidity Event’ (Aaron M.)

It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.

As Predicted, Deutsche Bank Is Failing, ATMs Go Dark on Jubilee End Day (Aaron M.)

However, the FAZ didn’t cite any sources for this information and DB failed to respond immediately, according to Zero Hedge, in regard to their chief executive, John Cryan’s travel plans. Which is a pretty clear indication that the $5.6 Billion settlement number “obtained from twitter” is a total fabrication.

This makes perfect sense. None of this is supposed to be settled anytime soon. The idea is to make the global economic infrastructure tremble. The worse it gets, the easier it becomes to install a truly globalized economy.

JS Mineset: In The News Today (reflector)

Summers, who also served as a top economic adviser to President Barack Obama, reiterated his concerns about “secular stagnation,” where trend economic growth rates have been reduced and neutral interest rates are lower than historic norms. To the extent that low neutral rates are in part the consequence of investors preferring fixed-income assets and steering clear of riskier options, policy makers can combat that by buying risk assets, he said.

Oil Rig Builders Tap Into Offshore Wind Market (Josh O.)

Investors should watch Deepwater’s operations closely, especially with their Block Island turbines coming online in November. By investing in the companies providing services to Deepwater, individuals can indirectly profit off the private company. Gulf Island Fabrications is one of these companies, as well as GE, who is working closely with Deepwater, maintaining an image of clean energy products. There should also be an indirect relationship between WTI crude futures and offshore wind turbine production activity.

Recalculating The Climate Math (jdargis)

That’s right: If we’re serious about preventing catastrophic warming, the new study shows, we can’t dig any new coal mines, drill any new fields, build any more pipelines. Not a single one. We’re done expanding the fossil fuel frontier. Our only hope is a swift, managed decline in the production of all carbon-based energy from the fields we’ve already put in production.

Is Dry Farming the Next Wave in a Drought-Plagued World? (jdargis)

Along the Pacific coast, dry farmers follow a Mediterranean-style model tailored to dry summers and wet winters. While this system is beloved by its West Coast practitioners, dry farming is a tiny blip in California’s $43-billion agriculture industry—less than one percent, guesses Steve Gliessman, an agroecology professor at the University of California, Santa Cruz. That’s just an estimate, though, he says, as the people that keep track of such data “…don’t even think to ask farmers if they dry farm or not.”

Gold & Silver

Click to read the PM Daily Market Commentary: 9/30/16

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."

3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Negative-Yielding Bonds Jump to Almost $12 Trillion After Ebbing

Negative-Yielding Bonds Jump to Almost $12 Trillion After Ebbing

Bloomberg-15 hours ago
The total face value of negative-yielding corporate and sovereign debt in the Bloomberg Barclays Global Aggregate Index of investment-grade bonds jumped to ...

European Banks Cutting 20000 Jobs as ING Joins Commerzbank ...

Bloomberg-2 hours ago
... which have struggled to increase profitability since the global financial crisis and the region's sovereign-debt debacle. Deutsche Bank AG, Germany's largest ...

China's bad-debt ticking time bomb

Nikkei Asian Review-4 hours ago
Many local governments are saddled with a pyramid of debt. ... That is even higher than the debt-income ratio in the U.S. during the subprime loan bubble.

Bank of Japan's new policy framework is not tapering: Kuroda

Reuters - ‎6 hours ago‎
"We will continue with our ultra-loose monetary policy to achieve 2 percent inflation at the earliest date possible," Kuroda told parliament. "It is possible to ease policy further" by deepening negative interest rates, cutting the BOJ's 10-year ...

Global Bond Markets Shackled to Japan by Kuroda's 0% Quest

Bloomberg-Oct 2, 2016
... yields on 10-year bonds at around zero, after trillions of yen of quantitative easing and the introduction of negative interest rates failed to revive the economy.

S. Korea's bad corporate loans rise to new high

Yonhap News-12 hours ago
The combined corporate debt at local banks was 427.85 trillion won as of the end of June, 8.92 trillion won less than six months earlier, the FSS said.

Cash borrowed for real estate hits record high

Korea Times-3 hours ago
Businesses and self-employed people borrowed more than 160 trillion won ($144 ... estate-related loans emerging as the fuse of the household-debt time bomb.

In Fast-Growing Texas, Local Debt Has Soared -- Now, Who'll Pick ...

Investor's Business Daily-3 hours ago

In 2015 alone, the Texas Bond Review Board reports, localities issued nearly $39 billion in new debt, compared with $20 billion a decade ago. The board now .

Canada's Big Bet on Stimulus Draws Global Attention

Wall Street Journal-19 hours ago
Japan recently announced about $74 billion in new stimulus spending. ... has added to its significant debt through several years of stimulus spending.

Near 'Collapse,' Minnesota to Raise Obamacare Rates by Half

Bloomberg - ‎Sep 30, 2016‎
... said the rate increases, along with allowing some insurers to limit enrollment, were creating a crisis. “The unhealthy combination of massive cost increases and enrollment caps is creating a health care crisis for thousands of Minnesota families ...
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2768
Bull market

Gun sales hit 17th straight monthly record, up 27 percent (Washington Examiner)

Quote:

A total of 1,992,219 background checks were processed through the bureau's National Instant Criminal Background Check System for the month of September, higher than the 1,795,102 conducted in September 2015.

Quote:

"Sales of handguns and AR's have been very strong for the past two months. Hunting rifles have been about average for this time of year," Scott Blick, a managing partner at Ammunition Depot, told the Washington Examiner. "Ammunition sales are definitely following that pattern with sales of 9mm ammo and .223 ammo being extremely strong."

A year-over-year record has been set every month since May 2015. The September figure brings the total for the first nine months of the year to 19,872,694, and puts this year on easily track to break last year's 12-month record, when 23,141,970 sought to purchase firearms.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
alt.news

Here is a god example of why the MSM is kaput. 

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