Daily Digest

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Daily Digest 10/7 - The 5 Biggest Market Bubbles, Pesticides Found In 75% Of Honey Worldwide

Saturday, October 7, 2017, 12:09 PM

Economy

Make Germany Great Again (James W.)

One of the drivers for the surge of support for the AfD, apart from the migration crisis, was the growing number of economic “losers” within Germany. Many of these relatively poor workers live in the former East Germany which suffered massive economic and social changes after reunification. It is no coincidence that the AfD performed particularly well in the industrial Rust Belt areas like the Ruhr and eastern Germany.

The 5 Biggest Bubbles In Markets Today (Nate)

Home prices in California have risen by 69% since 2010. Meanwhile, Canadian housing has shot up 1040% over the same period.

Why do these bubbles exist? For starters, ultra-loose monetary policy (which is also the reason that the bitcoin bubble exists).

This Could Be the Spark That Sets Off a Correction (Tiffany D.)

Economic reports, while not stellar by any means, are showing growth. Many in the financial media believe that the U.S. economy just needs a little boost from Washington via tax reform or loosened regulations to get the ball really rolling.

And if that wasn’t enough, this bull market continues to bear down on the accelerator despite tightening monetary policy from the Federal Reserve.

For-Profit Schools Get State Dollars For Dropouts Who Rarely Drop In (jdargis)

Such schools aggressively recruit as many students as possible, and sometimes count them even after they stop showing up, a practice that can generate hundreds of thousands of dollars in taxpayer-paid revenue for empty desks. Auditors have accused for-profit dropout recovery schools in Ohio, Illinois and Florida of improperly collecting public money for vanished students. State officials in Ohio have twice chided Capital over indications of inflated enrollment numbers.

They thought they were going to rehab. They ended up in chicken plants (jdargis)

McGahey had heard of Christian Alcoholics & Addicts in Recovery. People called it “the Chicken Farm,” a rural retreat where defendants stayed for a year, got addiction treatment and learned to live more productive lives. Most were sent there by courts from across Oklahoma and neighboring states, part of the nationwide push to keep nonviolent offenders out of prison.

Texas Official After Harvey: The ‘Red Cross Was Not There’ (jdargis)

“Every hot meal came from us,” Dyer said. “[School district employees] had to go to our pantries and walk-in coolers and get whatever we could get so people would have food.” Dyer says the Red Cross didn’t appear with supplies until the fourth day of the storm, and didn’t bring enough cots or food for those housed in the shelter, he said. A significant portion of the Meals-Ready-to-Eat the charity did bring had gone bad, he said.

Florida Farmers Say Irma’s Damage Is The Worst They’ve Ever Seen (Adam)

Fortunately for the vegetable farms, most had yet to be planted, so the destruction was minimal. But that won’t help the destroyed citrus produce. For example, the strawberry crops had not been planted when Irma struck. Some of the plastic laid in anticipation for planting was ruined, however, growers can repair the damage that was done and plant the strawberries on schedule.

Neonicotinoid pesticides found in 75 percent of honey worldwide (Adam)

Honeybees are exposed to this pesticide because its residue is found in nectar and pollen. In fact, it persists in the soil and in woody plants for up to six years after application. While a strong direct link between colony collapse disorder and neonicotinoids has not yet been established, it is increasingly clear that after exposure to these pesticides, honeybees become more susceptible to parasites and pathogens. One study also found that neonicotinoids could prevent the bumblebee queen from laying eggs. Between 2008 and 2013, wild bee diversity in the US dropped by 23 percent, and a previously common bumblebee species was recently listed as endangered.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/5/17

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."

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Edwardelinski's picture
Edwardelinski
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Nafeez Ahmed Peak Oil China

Chins facing looming energy crisis,warns state funded study.www.medium.com/insurge-intelligence

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Time2help
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On Columbus Day

"As ye sow, so shall ye reap" - Author Unknown

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saxplayer00o1
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Congrats, College Grads. Now Good Luck Paying Off All That Debt

Congrats, College Grads. Now Good Luck Paying Off All That Debt

Bloomberg-8 hours ago
Data from the New York Fed show that student debt topped $1.3 trillion in the second quarter, up from $243 billion in the same period in 2003. The pickup in ...

 

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