Daily Digest

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Daily Digest 1/1 - A Leap In The Dark, What To Expect From The Fed In 2017

Sunday, January 1, 2017, 10:50 AM

Economy

What investors can expect from the Federal Reserve in 2017 (Adam)

Trump’s proposals for new fiscal stimulus, an easier regulatory environment and protectionist trade policies have contributed to renewed investor optimism and economic growth. But they also point to higher inflation and pessimism for fixed income investments. Earlier this month, the Fed added to the bearish sentiment by tightening monetary policy for the second time in 10 years. More importantly, the Fed increased the number of expected rate increases for 2017 from two to three.

Obama Quietly Signs The "Countering Disinformation And Propaganda Act" Into Law (Aaron M.)

Much of the balance of Obama's statement blamed the GOP for Guantanamo's continued operation and warned that "unless the Congress changes course, it will be judged harshly by history," Obama said. Obama also said Congress failed to use the bill to reduce wasteful overhead (like perhaps massive F-35 cost overruns?) or modernize military health care, which he said would exacerbate budget pressures facing the military in the years ahead.

Whistleblower John Kiriakou Critiques the CIA’s Behavior Following the 2016 Election (Aaron M.)

I’m sure, for them, it’s strange ground. Strangely, in the Washington Post this October, same paper that had these allegations from the CIA that broke the story, talks about that, the long history of CIA involvement in elections. I mean, certainly off the top of my head, I’m thinking of Iran the ‘54 coup in Guatemala, Vietnam, and the list goes on and on. I mean, yeah, you’re part of this organization. You’re a whistleblower. You blew the whistle on the torture program, and every morning, when I read these stories, the first thing that comes to my mind is certainly the movies that have been about the CIA, but certainly is the torture program that you exposed and involvement in elections and gathering information and undermining, even if not involved, undermining foreign interests for US power, right?

A Leap In The Dark (Chris M.)

It’s almost superfluous to point out that I called it. It’s been noted with much irritation by other bloggers in what’s left of the peak oil blogosphere that it takes no great talent to notice what’s going wrong, and point out that it’s just going to keep on heading the same direction. This I cheerfully admit—but it’s also relevant to note that this method produces accurate predictions. Meanwhile, the world-saving energy breakthroughs, global changes in consciousness, sudden total economic collapses, and other events that get predicted elsewhere year after weary year have been notable by their absence.

May Calls for Unity in 2017 as Divided U.K. Prepares for Brexit (jdargis)

“We all want to see a Britain that is stronger than it is today; we all want a country that is fairer so that everyone has the chance to succeed. We all want a nation that is safe and secure for our children and grandchildren,” May said in the video message. “When I sit around the negotiating table in Europe this year, it will be with that in mind -- the knowledge that I am there to get the right deal, not just for those who voted to leave, but for every single person in this country.”

The hidden cost of made-in-America retail bargains (jdargis)

“It’s almost been a perfect storm for the garment industry,” said Ruben Rosalez, a regional administrator at the Department of Labor’s Wage and Hour division, based in San Francisco. “Not only do [the employers] have the pricing pressure, but they have a labor force that’s prone to being exploited. They’re using that, taking advantage of these workers.”

Firefighting blamed for 'megafires' ravaging US forests (jdargis)

The results are devastating. The amount of land laid waste by wildfires, not just in California but across the United States, is rising.

From 1983 (when modern records began) to 1999, the total area burned annually by wildfires exceeded five million acres just three times.

Obama's Environmental Legacy, in Two Buttes (jdargis)

Not everyone was as moved. Utah lawmakers had also long sought to protect most of the area, but they had hoped to avoid the creation of a national monument. A national monument is much like a national park, except that monuments are created unilaterally by the president under the authority of the 110-year-old Antiquities Act.

Gold & Silver

Click to read the PM Daily Market Commentary: 2016 Year End Report

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."

1 Comment

sand_puppy's picture
sand_puppy
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Joined: Apr 13 2011
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Post-Apocalyptic fiction as indicator of insecurity

From 21 Best Post-Apocalyptic Sci-Fi Books.

[Pictures and graphs are not loading.  You'll have to follow the link to see them.]

There are three distinct [temporal] groupings when post-apocalyptic books are popular:

  • the 1950s
  • around 1980
  • 2004 – present (current Golden Age)

In the 1950s, people worried about communism and nuclear war, and science fiction reflected those concerns.

Around 1980, it was plague and danger from space, and science fiction reflected those concerns.

Now, we’re worried about everything. War, viruses, natural global disasters, genetically modified humans, computers run amok, you name it. Young adult apocalypse (not on this list) is especially popular.

The current Golden Age started in 2004 and shows no signs of relenting. (The “Pop score” is the number of Amazon stars multiplied by number of reviews.)

As a species, we seem to be pretty freaked out right now.

 

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