Daily Digest

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Daily Digest 2/16 - On The Verge Of Treason, 'Extraordinary Levels' Of Pollution In Deep Pacific

Thursday, February 16, 2017, 10:58 AM

Economy

China's Holdings of Treasuries Dropped in 2016 by Most on Record (LesPhelps)

The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, has burned through a quarter of its war chest since 2014 in an effort to underpin the yuan and deter capital from fleeing the country. Chinese sales have made borrowing more costly for the U.S. government: 10-year yields rose to 2.6 percent last year, from as low as 1.3 percent.

Investors Look Past Headlines as Bull Market Roars Ahead (jdargis)

“I fully get the euphoria — there has probably never been a more business-friendly president,” said Adrian Helfert, the head of global fixed income at Amundi Smith Breeden. “Lower taxes and less regulations are good for corporations and equity holders.”

Deep State neocons have declared war on Trump (sand_puppy)

Third, within one short week we went from allegations of "Russian hacking" to "having a traitor sitting in the White House". We can only expect a further tsunami of such allegations to continue and get worse and worse every day. It is interesting that Buzzfeed has already pre-empted the accusation of this being a smear and demonization campaign against Trump by writing that "Now BuzzFeed News is publishing the full document so that Americans can make up their own minds about allegations about the president-elect that have circulated at the highest levels of the US government." as if most Americans had the expertise to immediately detect that this document is a crude forgery!

On The Verge Of Treason: US Spies Withhold Intelligence From Trump (sand_puppy)

The Wall Street Journal, citing unidentified current and former officials familiar with the matter, reports that officials’ decision to keep information from Mr. Trump underscores the deep mistrust that has developed between the intelligence community and the president over his team’s contacts with the Russian government, as well as the enmity he has shown toward U.S. spy agencies. On Wednesday, Mr. Trump accused the agencies of leaking information to undermine him.

In The Lapse Of Luxury: When The Rich Stop Spending (Tiffany D.)

We’re talking the likes of Tesla, LVMH Moët Vuitton, Diageo, Daimler AG, BMW, Pernod Ricard and even Nike. Yet S&P’s Global Luxury Index peaked almost three years ago in July 2014. Since then, it’s down about 13%.

Themed exchange-traded funds (ETFs) of the same type, such as the SPDR International Consumer Discretionary Sector ETF, offer similar results...

Can Saudi Arabia Carry OPEC Through Spring? (Michael K.)

Bloomberg estimates -- based on IEA and OPEC figures -- show that just three out of 10 OPEC members that had promised cuts managed to reduce their output to target production levels in January: Saudi Arabia, Angola and Qatar. Thanks to the Saudis, the cartel’s compliance was 93 percent, with 1.078 million bpd taken off the market compared to a target level of 1.164 million bpd.

A massive lake of molten carbon the size of Mexico is discovered under the US, and it could cause climate CHAOS (LesPhelps)

This is around the size of Mexico, and researchers say it has the potential to cause untold environmental damage.

The discovery could change our understanding of how much carbon the Earth contains, suggesting it is much more than we previously believed.

State Legislation - RED TAPE for Cottage Industries on Rural Land. (ezlxq1949)

I realise that there needs to be rules and regulations, but there also needs to be common sense . My proposed shop in my already existing shed does not impact on the environment, does not impact on traffic conditions, does not impact on my neighbours peace and quite, does not create pollution and waste and the list goes on. I pay the council a food licence to manufacture my products to sell at markets, but would like to have the right to sell them on my property from my shed while I am at home making them by advertising in the Tourist Information Centre promoting the Paddock to plate concept. There are many like me that would like to earn their living by selling their farm products from their properties, but the Red Tape and Regulations, over the top fees and so on make it so difficult that the ideas are often abandoned.

'Extraordinary levels' of pollution have contaminated even the deepest parts of the Pacific Ocean (jdargis)

Known as persistent organic pollutants, these contaminants do not degrade naturally and can stick around in the environment for decades. The chemicals bond with bits of plastic and other kinds of organic debris, and are transported in air, soil and coastal waters. They've even been found in the Arctic, far from industrialized areas.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/15/17

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."

7 Comments

AKGrannyWGrit's picture
AKGrannyWGrit
Status: Gold Member (Offline)
Joined: Feb 6 2011
Posts: 348
OMG Sexist? Not really, two

OMG Sexist?

Not really, two dudes talking bout the role of women especially related to a societal breakdown. A subject not talked about.  

From Kuntsler' website - 

 Piero San Giorgio who came on the podcast some time ago to talk about his previous excellent book, Survive the Economic Collapse, a Practical Guide. I caught up with Piero on Skype at his home in Switzerland to talk about his new book, Women on the Verge of a Societal Breakdown — Preserving Hard-won Victories During an Age of Uncertainty, published by the Club Orlov Press — and yes, that’s our chum Dmitry Orlov, author of many splendid books on the subject of how we

http://kunstler.com/podcast/kunstlercast-287-piero-san-giorgio-new-book-...

AKGrannyWGrit

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3876
ECB Balance Sheet Swells as Critics Take Aim at Central Bank Bon

 

 

ECB Balance Sheet Swells as Critics Take Aim at Central Bank Bond Buying

TheStreet.com - ‎4 hours ago‎
The collective balance sheet of central banks using the European single currency swelled to just under $4 trillion last year, according to data published Thursday, as pressure grows on policymakers to trim holdings of government bonds amid an uptick in ...

NY Fed: US household debt at highest level since 2008

CNBC-10 minutes ago
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve's quarterly report ...

China's Holdings of Treasuries Dropped in 2016 by Most on Record

Bloomberg-18 hours ago
China's holdings of U.S. Treasuries declined by the most on record last year, as the world's second-largest economy dipped into its foreign-exchange reserves to ...

Fillon probe stays open as Le Pen rises in French presidential polls

Reuters UK - ‎37 minutes ago‎
PARIS Conservative presidential candidate Francois Fillon's woes piled up on Thursday when France's financial prosecutor chose to pursue a probe into the fake-work scandal that has dogged him, and as far-right rival Marine Le Pen gained in the polls.

Gabriel warns of Le Pen winning French presidential election

Deutsche Welle-15 hours ago
There is a serious risk far-right politician Marine Le Pen could win the French presidential election, German Foreign Minister Sigmar Gabriel has said. France ...

Le Pen Stirs Dormant Re-Denomination Risk for Europe's Investors

Bloomberg - ‎7 hours ago‎
While the odds remain stacked against National Front leader Marine Le Pen winning the French presidential election and leading the country out of the euro area, and the Five Star Movement is a long way from delivering a referendum on Italian membership ...

'Stop obeying the EU' Le Pen BLASTS Italy for bowing down to ...

Express.co.uk-20 hours ago
And she urged Italian prime minister Paolo Gentiloni to take action instead of bowing down to Eurocrats. Ms Le Pen said: "As long as Italy obeys the EU's diktat, ...

French Election Puts Possibility of 'Frexit' on the Agenda

Wall Street Journal (subscription) - ‎21 hours ago‎
PARIS—What's striking about the French presidential election is the extent to which the two front-runners share a basic analysis of the choice facing the country. Marine Le Pen, the leader of the right-wing National Front, and Emmanuel Macron, the ...
 
 

Far-right presidential hopeful Marine Le Pen says Britain should not be 'punished for escaping the EU prison' and ...

Daily Mail - ‎7 hours ago‎
But she said that if no compromise is reached, she will organise a Frexit referendum to 'resign from this nightmare and become free again'. Le Pen also wants to leave Nato, and devote two per cent of gross domestic product to building up the French army.

Factbox - BOJ's new policy framework, battle with deflation

Reuters - ‎12 hours ago‎
The BOJ uses the negative 0.1 percent interest rate it charges on a small portion of commercial bank reserves to keep yields low at the short end of the curve. The BOJ introduced a new target for 10-year government bond yields of around zero percent ...
 

Brazil economic activity slides for 8th straight quarter

Yahoo Finance-3 hours ago
Economists expect Brazil to begin a slow recovery in 2017 with the central bank forecast to slash interest rates. More than 12 million Brazilians are unemployed, ...

A bleak week for Obamacare

Politico - ‎15 hours ago‎

Obamacare's health insurance markets are flirting with financial disaster — and that's before Republicans have had a chance to lay their hands on the law they've vowed for seven years to repeal. The insurance markets, which have been bleeding money, ..

US healthcare costs to escalate over next decade: government agency

Reuters - ‎19 hours ago‎
WASHINGTON The cost of medical care in the United States is expected to grow at a faster clip over the next decade and overall health spending growth will outpace that of the gross domestic product, a U.S. government health agency said on Wednesday.

Governor's Budget Numbers Show Deficit of Up to $7 Billion

WJBD Online - ‎14 hours ago‎
SPRINGFIELD, Ill. (AP) - Gov. Bruce Rauner is proposing what he calls a balanced budget. But expected spending outstrips revenue by at least $4 billion. And it could be more. Rauner gave his third budget address Wednesday amid a two-year budget ...

Richmond Cuts Jobs, Street Repairs, Library Books to Keep Up With ...

KQED-7 hours ago
Richmond is a stark example of how pension costs are causing fiscal stress in cities across California. Four municipalities — Vallejo, Stockton, San Bernardino ...
Cornelius999's picture
Cornelius999
Status: Gold Member (Offline)
Joined: Oct 17 2008
Posts: 308
I just caught a snatch of

I just caught a snatch of Trump's press conference about helping the deprived inner- cities. I was plesantly surprised.  Commentary on C4 News of course was still cynical and stupidly superior. Could the US really have won the lottery with sock- it- to -them Donald?

Cornelius999's picture
Cornelius999
Status: Gold Member (Offline)
Joined: Oct 17 2008
Posts: 308
BBC News calls

BBC News calls Trump "unhinged" & "on the verge of a breakdown".  Assistant Gorka kept putting the snotty presenter's nose badly out of joint!  Go Donald!

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3876
Emmanuel Macron getting hacked...must be the Russians

CIA espionage orders for the 2012 French presidential election

WIKILEAKS-5 hours ago
All major French political parties were targeted for infiltration by the CIA's human ("HUMINT") and electronic ("SIGINT") spies in the seven months leading up to ...
 

France presidential hopeful Macron restates Russia hack claims amid Kremlin denials

FRANCE 24 - ‎Feb 14, 2017‎
The Kremlin denied on Tuesday that it was behind media and internet attacks on the campaign of French presidential frontrunner Emmanuel Macron though his camp renewed the charges against Russian media and a hackers' group operating in Ukraine.
 
newsbuoy's picture
newsbuoy
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Posts: 195
Frownland

I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.

newsbuoy's picture
newsbuoy
Status: Silver Member (Offline)
Joined: Dec 10 2013
Posts: 195
Frownland

I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.

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