Daily Digest

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Daily Digest 11/14 - Betting The Farm And Losing, Can Trump Really Revive The U.S. Coal Industry?

Monday, November 14, 2016, 11:07 AM

Economy

New York Times publisher vows to 'rededicate' paper to reporting honestly (Arthur Robey)

New York Post columnist and former Times reporter Michael Goodwin wrote, "because it [The Times] demonized Trump from start to finish, it failed to realize he was onto something. And because the paper decided that Trump’s supporters were a rabble of racist rednecks and homophobes, it didn’t have a clue about what was happening in the lives of the Americans who elected the new president."

With Trump in Power, the Fed Gets Ready for a Reckoning (Adam)

In almost three years as the Fed’s chairwoman, Janet L. Yellen has led an aggressive campaign to stimulate economic growth. Donald J. Trump, the president-elect, has embraced criticism that the Fed is causing more problems than it is solving, and he has surrounded himself with advisers who would like to rein in the institution that has the greatest influence over the direction of the nation’s economy.

"There's Chaos Everywhere" - Indians Angry As ATMs Run Dry After Cash Ban (reflector)

Tempers frayed as hundreds of thousands of people queued for hours outside banks for a third day to swap 500 and 1,000 rupee bank notes after the notes were abolished earlier in the week.

The banned bills made up more than 80 percent of the currency in circulation, leaving millions of people without cash and threatening to bring much of the cash-driven economy to a halt.

Hillary Clinton blames Comey letters for election defeat, reports say (lambertad)

Comey made headlines on 28 October with his first letter, 11 days before the vote. In the letter, he told members of Congress that new emails had been discovered that could be relevant to a completed investigation into Clinton’s use of a private email server while secretary of state.

The original investigation had ended in July with no charge against Clinton, who Comey said had been “extremely careless” in her conduct, but not to the extent of criminal or intentional wrongdoing.

Trump's Victory Prevented World War 3 (LesPhelps)

"I think that the President of the Federal Republic, the Federal Chancellor, and, above all, the Foreign Minister, have not taken into account the interests of the German people. By [offering] one-sided support for one candidate and partially offensive comments about the other they have done the German people a lot of harm. This is an unacceptable interference in the internal affairs of another country, and after the election campaign ended, it may backfire at their own people," he pointed out.

The German politician especially criticized German President Joachim Gauck for what he called "intolerable" rhetoric.

Bulgaria Elects Pro-Russian Pro-Military President in Shock Election Result for EU (reflector)

This is a dramatic shift because the President of Bulgaria has full control of the military, thus any potential offensive action against Russia or decision by NATO to engage in such a conflict would lose a key ally in Southeastern Europe. This was an event that NATO and the EU was not counting on because there was, as in the U.K. and U.S. elections, a sizeable amount of outside money given to opposition parties to block this election outcome.

Trump Economic Fabrication no Different than Obama or Bush Economic Deceptions (Chris H.)

Over the last eight years, the Obama economy (as measured by GDP) grew $3.9 trillion and federal debt grew by $9.6 trillion...said otherwise, GDP contracted $5.7 trillion when all the new debt is subtracted. Essentially, America is a nation of renters that never intend to pay off our national debt but pay perpetual rent on this debt. Unfortunately the rent will only keep going up so long as debt grows significantly faster than the economy that is the basis of tax collection.

Can Trump Really Revive The U.S. Coal Industry? (Josh O.)

Expectations that coal can make a comeback were certainly running high in the wake of Trump’s victory on Tuesday. The next day, Peabody’s stock price leapt up by 50 percent, from $8.50 to nearly $13. Global coal trader Glencore saw a 7 percent rise on Wednesday, along with the prices of struggling coal companies Anglo American, BHP Billiton and Rio Tinto, according to Bloomberg. Renewables fell across the board, a clear reaction to what many expect to be tepid (to nonexistent) support by a Trump Administration for a clean energy policy.

End Of The U.S. Major Oil Industry Era: Big Trouble At ExxonMobil (richcabot)

To understand the real profitability of a company we have to look at its cash flow, or what is known as free cash flow. Free cash flow is calculated by deducting capital expenditures (CAPEX) from the company’s cash from operations. ExxonMobil’s free cash flow declined from $24.4 billion in 2011 to $1 billion for the first nine months of 2016...

Fact-Check: Was Physics Really Violated By EmDrive In New NASA Paper? (Arthur Robey)

This law states that within a system, the amount of momentum remains constant and is neither created nor destroyed, but only changes through the action of forces. Since the EM Drive involves electromagnetic microwave cavities converting electrical energy directly into thrust, it has no reaction mass. It is therefore “impossible”, as far as conventional physics go.

Betting the Farm and Losing: Banks Seek Collateral as Debts Rise (Don R.)

The Federal Reserve Bank of Kansas City said last week that rural lenders it surveyed are seeing an erosion of financial health and credit conditions for crop and livestock producers in a seven-state region from Missouri to Colorado. In the third quarter, nearly 30 percent of the banks reported a significant deterioration of working capital for farmers, about twice as many as the same time in 2015, the Kansas City Fed said in its Nov. 10 report. An index tracking loan-repayment rates in the region was the lowest since 1985.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/12/16

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."

2 Comments

newsbuoy's picture
newsbuoy
Status: Gold Member (Offline)
Joined: Dec 10 2013
Posts: 252
Trump supporters celebrating

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Molyneux discusses the Demise of the MSM

He's rather cock-a-hoop.

http://www.fdrpodcasts.com/#/3498/new-york-times-an-obituary-and-postmortem

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