Daily Digest

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Daily Digest 6/15 - What To Make Of Ultra-Low Volatility, Big Oil Pivots To Renewables

Thursday, June 15, 2017, 8:36 AM


Ultra-low Volatility #ThisTimeIsDifferent (Axel M.)

Indeed, lower bank leverage is given as an argument as to why volatility is lower these days. Except that the run-up to the financial crisis of 2008 - a period in which banks were extra-ordinarily levered - also showed low volatility in a variety of markets. It was the perceived safety, embodied by quasi-sophisticated value-at-risk (VAR) models that got risk managers at financial institutions to gear up. What could possibly go wrong, right?

How Wells Fargo's Cutthroat Corporate Culture Allegedly Drove Bankers To Fraud (jdargis)

Nothing changed, so Guitron requested meetings with more senior executives. Overall, she claimed that during her tenure at Wells Fargo she raised concerns on more than 100 occasions, including about a dozen calls to the Wells Fargo EthicsLine, and on no fewer than 37 occasions she provided records that supported her complaints. Guitron alleges that her managers began to retaliate, making it harder for her to meet her sales goals. She was fired in January 2010.

You Won't Believe This Stupid New Law Against Cash And Bitcoin (DR)

It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash.

But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever. Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.

Big Science (Jesper A.)

Can Sherwood be seen as a symbol of our own planet? Are we now entering the later stages of a Robin Hood drama, where peasants are at the throats of nobles over land grabbing and usury — I believe we are...

Governor Jerry Brown of California Advocates the Overthrow of USA (thc0655)

There is absolutely no legal basis for Jerry Brown entering into any treaty, alliance, or confederation with the EU. Governor Cuomo of New York has also committed treason saying “New York State is committed to meeting the standards set forth in the Paris Accord regardless of Washington’s irresponsible actions.”

The Great Gold Convulsion of 2017 (Tiffany D.)

Buyers pile in, convinced that this just might be the real deal. And once everyone is well and lathered up, someone pulls the plug, and all the hot money flows right back out again.

Last week was a great example. Gold stocks rallied hard on Tuesday, many up 4% to 5%. But there was zero follow-through in the next two days.

Big Oil's Pivot To Renewables Has Begun (Michael K.)

The face lift at Royal Dutch Shell has also been underway for a few years, although not entirely into clean energy. Shell executives have predicted peak oil demand by the end of the 2020s. With an eye on that looming risk, the Anglo-Dutch company has bet its future on natural gas, which while still a fossil fuel, is at least cleaner than coal and oil and could probably survive in an increasingly carbon-constrained global energy market. Shell is now one of the largest LNG exporters in the world. The large divestments from the carbon-intensive Canadian oil sands earlier this year can also be viewed as a decision to get out of expensive and dirty sources of energy. Shell says that it will increase its spending on biofuels, hydrogen and renewables by five-fold to $1 billion annually by 2020.

Michigan health director, 4 others charged with manslaughter over Flint water (jdargis)

Additionally, research suggests that the corrosion interfered with disinfectants in the water and released iron and other bacterial nutrients, promoting the growth of Legionella bacteria. Researchers have since found high levels of Legionella in Flint water. If the waterborne bacteria are aerosolized—say, in the mist of a hot shower, humidifier, or water cooler—then inhaled, they can cause a life-threatening type of pneumonia called Legionnaires’ disease (named after a 1976 outbreak at an American Legion convention).

Gold & Silver

Click to read the PM Daily Market Commentary: 6/14/17

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."


Bankers Slave's picture
Bankers Slave
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"Addicted to distraction" for general interest.


saxplayer00o1's picture
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Could Illinois be the first state to file for bankruptcy?

Could Illinois be the first state to file for bankruptcy?

CBS News-5 hours ago
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Illinois is on a straight path to junk credit at the end of June

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The $31 Billion Hole in GE's Balance Sheet That Keeps Growing

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Insurers Look to Ramp Up Premiums in Health Law Exchanges

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Iowa May Be First State with No Health Insurers on Exchange

Insurance Journal-9 hours ago

Iowa could be the first state in the nation with no health insurance company ... the Iowa market as insurance rates increased, leaving a higher number of older,


jw4994's picture
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Posts: 9
Bill against cash/asset forfeiture

OK, there is no bill number or sponsor name mentioned anywhere in the article from Sovereign Man.  And none of the commenters in the article asked for this information.  Not that I wouldn't suspect this would pass, but we need more than rumor mill.

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jw4994's picture
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Posts: 9
Grassley!  His constituents

Grassley!  His constituents need to know.  Who is paying him off???!!

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