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Daily Digest 11/11 - Kingdom Of Fear, Bitcoin Plunges After Plans For Split Called Off

Saturday, November 11, 2017, 10:16 AM

Economy

Putin Says Time to Move On With Trump After Russia Meddling ‘Nonsense’ (jdargis)

Despite Trump’s campaign pledge to improve battered relations, ties between the two Cold War foes have worsened in his first year in office after the U.S. tightened sanctions in response to alleged Russian election interference. Russia responded with U.S. diplomatic expulsions and the sides have since struggled to make progress on most issues.

Gold, Bubbles, S&P 500, and Currency Wars (GE Christenson)

Today’s bubble will leave some similar marks. But where those previous bubbles were narrowly focused on a single asset class, this one is so broad-based that the hangover is likely to be epic in both scope and cumulative embarrassment.”

A Talent for Deception (thc0655)

it is also a major problem for seasonal/outdoor power equipment because ethanol-adulterated fuel does not store as well nor as long – leading to problems come spring, when the time comes to fire up the gummed-up lawn mower/tractor. Some outdoor power equipment manufacturers – Stihl chainsaws, for example – expressly warn owners about using ethanol-laced fuel.

Bitcoin Plunges After Plans for Split Called Off (jdargis)

Some speculators are disappointed they won’t get the additional coins that would have been created by a hard fork. While bitcoin splits are potentially disruptive, they’ve so far amounted to free money for holders of the cryptocurrency. Bitcoin Cash, the result of a hard fork in August, has climbed to about $900 from as low as $565 on the day the split was canceled, while bitcoin has slipped almost 10 percent after touching a record right after the news.

Democrats salute week that saw emergence of an anti-Trump coalition (jdargis)

In some quarters, Tuesday’s results were called “the revenge of the suburbs”, as university-educated voters joined women and minorities in finding an outlet for their frustration against Trump, backing a new slate of female, African American and transgender Democrats.

The real lesson of that self-driving shuttle’s first-day accident (jdargis)

A 2015 study looking at the first 1.2 million miles of self-driving car data found the vehicles (which at the time mostly meant Google cars, though Audi and Delphi also had some cars on the road) seemed to actually get in accidents more often than human-driven cars. The accidents were mostly minor fender-benders, and all of them were the fault of the other vehicle. Even a rather dramatic accident that caused one of Uber's self-driving research vehicles to roll over earlier this year was caused by driver error in the other car.

Kingdom Of Fear: Saudi Arabia On Lockdown (Michael K.)

Naturally, in oil industry circles this raises the question over the safety of Aramco’s IPO and, more than that, what will happen to oil prices if the instability intensifies. For now, the news is all bullish for prices. The purge is widely seen as a pre-emptive strike and power grab by Crown Prince Mohammed bin Salman, head of the new anti-corruption agency and heir to the throne, as well as the champion of the Vision 2030 reform program.

EPA Approval Of Bacteria To Fight Mosquitoes Caps Long Quest (tmn)

"Over a very short period of time, the Wolbachia was able to invade the wild mosquito population until close to 100 percent of all mosquitoes had the Wolbachia infection — and so we presume, greatly reduced ability to transmit dengue between people," O'Neill told me.

Gold & Silver

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