Daily Digest 3/9 - The Golden Mean, Industry Binge Can 'Kill' Oil Market
So the big question is when will the central bank start reducing its purchases of government and corporate bonds, a type of stimulus. On Thursday, it reiterated its plan to extend the purchases through the end of the year, but repeated its plan to reduce the size of the bond buying starting in April. When the program was announced in December, many economists interpreted that decision as a form of what is known as tapering.
What The Hell Is Going On? (thc0655)
The dissonance between what I have been observing and what is being flogged by the establishment mouthpieces in the corporate mainstream media has never been greater. Some of my observations are anecdotal, others are based on real unadulterated truthful data, a few are based on simple common sense and the rest are based on my understanding of what happens during Fourth Turnings.
Discount Retail: The Next Shoe to Drop? (Tiffany D.)
That is significant because discounters such as Dollar Tree Inc. (Nasdaq: DLTR) and Dollar General Corp. (NYSE: DG) have been bona fide growth stories for years. They carved out a widening niche in the minds of consumers (including my own family) as the place to go for all manner of cheap goods, from party favors to cleaning supplies.
The Golden Mean (DG)
My main view here is THE WHEN of this trend changing and exiting the BEAR ETF's for Gold and Silver. So far, on the Canadian Versions (only 2X), I am in HOLD Mode. So far for the US Versions it is also a hold.
Dow Euphoria (GE Christenson)
More debt is guaranteed by a century of fiat currency devaluations, a borrow-and-spend congress, the executive branch, central banks that love debt, and an economy that runs on debt and credit. Expect continued dollar devaluation and more Dow highs after a nasty correction/crash.
While the Dow corrects and the U. S. economy struggles in a fiat currency induced coma, gold and silver prices will rise.
The statement, at an energy conference in Houston on Wednesday, comes as top shale companies announce large increases in spending for this year, and the U.S. government says domestic oil output next year will surpass the record high set in 1970. OPEC ministers have said they are keeping a close watch on shale production to decide in late May whether to extend their oil-supply cuts into the second half of the year.
In economic parlance, electricity had a negative price and positive income elasticity. In the old days a 1.6 percent improvement in real gross domestic product (GDP) and a 2.5 percent real price decrease together should have spurred consumers to use at least 1-2 percent more electricity. But, with similar conditions in both 2015 and 2016, kWh sales declined in both years.
What’s more interesting, however, is that Novye Proekty is a private company, and private companies are not allowed to explore for oil and gas in the Crimean shelf, TASS notes. Prime Minister Dmitry Medvedev opened the door for license-issuing for Crimea last year, but only state-owned companies were to be allowed through it. Yet, here this company is, awarded a 30-year license with the obligation to drill a well within the next eight years.
Gold & Silver
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