Daily Digest

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Daily Digest 2/25 - Not Nearly Enough Growth To Keep Growing, San Jose Flooding Continues

Saturday, February 25, 2017, 10:36 AM

Economy

Not Nearly Enough Growth To Keep Growing (Don R.)

The faith in the absurd notion of trickle down ‘economics’ allows them to siphon off future resources from the lower rungs of society, towards themselves in the present. It will take a while for the lower rungs to figure this out. The St. Louis Fed laid it out so clearly this week that I wrote to Nicole saying ‘We’ve been vindicated by the Fed itself.’ That is, the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s.

In America's heartland, the American Dream is in crisis (Don R.)

Teske says an increase in worldwide production is contributing to a multi-year decline in prices for key commodities like corn and wheat. All the while, the cost of operating a farm is steadily increasing.

The Trump-Like Figures Popping Up in Central Europe (jdargis)

Mr. Kollar, a wealthy businessman, formed his own political party last year — Sme Rodina, or “We Are Family” — and shocked the Slovak establishment by earning 11 seats in the country’s 150-seat National Council on a platform of libertarian economics, Euro-skepticism and fierce opposition to more immigration. His slogan: “Trust me, I’m not a politician.” A well-known tabloid figure and media celebrity, Mr. Kollar has 10 children from nine different mothers.

‘What kind of a childhood is that?’ Orphaned By America's Opioid Epidemic (jdargis)

These children are sometimes referred to by health officials here as opiate orphans, and three of the most recent ones live in a small house in South Charleston: Zoie, 10, who believed that her parents had died in their sleep; Arianna, 13, who was just starting to wear her mother’s old makeup; and Zaine, 17, who had been the one to discover his parents that morning on their bedroom floor, and whose grades had begun to drop ever since.

White House effort to justify travel ban causes growing concern for some intelligence officials (jdargis)

Other Trump administration sources tell CNN that this is an assignment that has caused concern among some administration intelligence officials, who see the White House charge as the politicization of intelligence -- the notion of a conclusion in search of evidence to support it after being blocked by the courts. Still others in the intelligence community disagree with the conclusion and are finding their work disparaged by their own department.

Bird flu on the move in Europe and Asia, with poultry and human victims (jdargis)

The World Health Organization said Monday that since mid-January, 304 people in China were confirmed to have infections caused by a strain of avian influenza known as H7N9, and 36 people had died. Media in Asia say the toll is higher: The South China Morning Post, based in Hong Kong, reported Wednesday that cases have been recorded in 16 provinces of China, and that there have been 87 deaths.

Exxon Facing Historic Reserves Reduction as Slump Persists (Uncletommy)

About 3.6 billion barrels of reserves in the Canadian oil sands and the equivalent of another 1 billion barrels of oil in other North American fields may be in jeopardy if the average energy prices seen during the first nine months of 2016 persist, Exxon said in a statement on Friday. That would equate to 19 percent of Exxon’s reserves and would be the largest de-booking since the 1999 merger that created the company in its modern form.

Dramatic Drone Footage Shows Extent Of San Jose Flooding (Wendy SD)

Late Wednesday, Assistant City Manager Dave Sykes said officials had learned that the information they had on the capacity of Coyote Creek channel was not accurate. He also said the city was working with the Santa Clara Valley Water District to determine whether debris caused blockages that contributed to flooding.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/23/17

Provided daily by the Peak Prosperity Gold & Silver Group

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4 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1758
Fasting Stimulates Diabetic Pancreas Re-growth

This is an interesting development in biology.  The paper reports early stage lab studies in mice and is very technical in molecular biology advancements and nomenclature.

The short version is that low carb, low protein, low calorie (fasting-like diet) caused signaling molecules (Ngn-3) to stimulate regeneration of pancreatic insulin producing cells.

 

Fasting-Mimicking Diet Promotes Ngn3-Driven

β-Cell Regeneration to Reverse Diabetes

In a low tech future, this may be one of the only way to treat forms of diabetes where the pancreas has stopped making insulin.  I will watch developments here.

Adam Taggart's picture
Adam Taggart
Status: Peak Prosperity Co-founder (Online)
Joined: May 26 2009
Posts: 2934
Noticed that development, too

I read a similar article yesterday, SP, and have heard similar over the past two years from the primal/paleo community. I think there's something there.

Two years ago, I did the potato diet for a week with a friend for that exact reason -- to reset insulin production. Can't say it worked, but can't say it didn't either.

The times I have fasted (completely or intermittently), my body has felt great after making it through the initial bout of hunger in the first two days. And history is full of anecdotes about its benefits:

http://www.rawfoodexplained.com/introduction-to-fasting/history-of-fasti...

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
Stockman: "After March 15 Everything Will Grind To A Halt"

ZH reports on Greg Hunter's (USAWatchDog.com) interview with David Stockman:

Two weeks after David Stockman warned that "the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that's going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history" and exclaimed that, when looking at markets, "what's going on today is complete insanity" he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbatch is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadling, at which point everything could "grind to a halt."

And:

Then, Stockman drops this bomb and says:

“I think what people are missing is this date, March 15th 2017.  That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015.  That holiday expires.  The debt ceiling will freeze in at $20 trillion.  It will then be law.  It will be a hard stop.  The Treasury will have roughly $200 billion in cash.  We are burning cash at a $75 billion a month rate.  By summer, they will be out of cash.  Then we will be in the mother of all debt ceiling crises.  Everything will grind to a halt.  I think we will have a government shutdown.  There will not be Obama Care repeal and replace.  There will be no tax cut.  There will be no infrastructure stimulus.  There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

Stockman also predicts very positive price moves for gold and silver as a result of the coming budget calamity.

There is much more in the video interview below in which Greg Hunter goes One-on-One with David Stockman.

Reference: http://www.zerohedge.com/news/2017-02-26/stockman-after-march-15-everything-will-grind-halt

Uncletommy's picture
Uncletommy
Status: Gold Member (Offline)
Joined: May 3 2014
Posts: 474
Light at the end of the tunnel or. . .

If the light is flickering, I'd get off the tracks. If the money markets start dumping short term bills, the yields should go up on longer term stuff; RIGHT?  The market has demonstrated it chases yields, but at some point US government spending has got to be the main focus. The congress will most likely extend the deadline, but if you're a pensioner, silly servant, or other government agency employee, YOU will, eventually, feel the pinch first. Any move, IMHO, to pull cash out of the economy will have the same effect as it did under Hoover and his friends back in the 30's. Maybe the financial sector will finally smell the coffee and stop buying back shares and invest in cash flow generators. Anyway you look at it, prepare yourself for some financial pain and a reduction in services. Deflation, CCC, NIRA, CWA, PWA; Hmmm, real options; I wonder? I know of a dam in California in need of repair. 

Stay liquid and plant a garden this spring. Potatoes and spaghetti squash are good keepers. A copy of Prosper might not be a bad investment.

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