Daily Digest

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Daily Digest 11/18 - Running Straight Into Worst Case Scenario, India's Toxic Air

Saturday, November 18, 2017, 9:57 AM

Economy

Running Straight into Worst Case Scenario – Gregory Mannarino (pinecarr)

Mannarino says don’t expect the Fed or any other central bank to come in and blow another bubble when this one pops. Mannarino warns, “This time the Fed cannot do anything. There can be no bailout, there can be nothing. The money they lose this time will not come back in their lifetimes. Maybe the next lifetime in whatever system evolves out of this, but in this lifetime, the money people lose this time is never coming back.”

A Great Migration From Puerto Rico Is Set to Transform Orlando (jdargis)

More than 168,000 people have flown or sailed out of Puerto Rico to Florida since the hurricane, landing at airports in Orlando, Miami and Tampa, and the port in Fort Lauderdale. Nearly half are arriving in Orlando, where they are tapping their networks of family and friends. An additional 100,000 are booked on flights to Orlando through Dec. 31, county officials said. Large numbers are also settling in the Tampa, Fort Lauderdale and West Palm Beach areas.

Rob From The Middle Class Economics (GE Christenson)

The Fed has your back if you are a member of the political and financial elite. The top few percent earn far more because of central bank “stimulus,” currency printing that levitates stock and bond markets and huge contracts from federal and state governments. This trend toward increasing the income and wealth of the financial elite has accelerated since 1980, as shown below.

Tax bill that passed the House would cripple training of scientists (tmn)

Yesterday, the US House of Representatives passed its version of a tax bill that would drop corporate tax rates and alter various deductions. While most of the arguments about the bill have focused on which tax brackets will end up paying more, an entire class of individuals appears to have been specifically targeted with a measure that could raise their tax liability by 300 percent or more: graduate student researchers. If maintained, the changes could be crippling for research in the US.

Walking While Black (tmn)

What the analysis does show is that the pedestrian tickets — typically costing $65, but carrying the power to damage one’s credit or suspend a driver’s license if unpaid — were disproportionately issued to blacks, almost all of them in the city’s poorest neighborhoods. In the last five years, blacks received 55 percent of all pedestrian tickets in Jacksonville, while only accounting for 29 percent of the population. Blacks account for a higher percentage of tickets in Duval County than any other large county in Florida.

Saudi Arabia’s Risky Market Share Sacrifice (Michael K.)

For months, the KSA has schemed to reduce the size of global inventories, which would spur the world’s major oil consumers to purchase more fuel, thus ending three years of a stubborn oil glut. The latest Brent barrel prices have hovered in the $62 range, which is a less than $10 jump from the January 2017 rate. At the time, the Organization of Petroleum Countries (OPEC) had not begun implementing its 1.2 million-barrel production deal. Eleven months in, the results are lackluster.

Island Nations, With No Time to Lose, Take Climate Response Into Their Own Hands (jdargis)

From rising seas to the loss of fresh water, islands are among the most vulnerable nations to global warming. Hurricanes, expected to become more ferocious with climate change, pummeled Caribbean island nations into crisis this summer. Irma destroyed nearly every car and building on the island of Barbuda and swelled the population of Antigua overnight as thousands of Barbudans sought shelter. Maria knocked out power across the United States Virgin Islands and Puerto Rico and left Dominica in tatters.

What It’s Like to Live in India’s Toxic Air (jdargis)

New Delhi’s air quality worsens every winter. Jeffrey Gettleman, Times South Asia bureau chief, talks to residents who are suffering from the pollution and some who call it a “slow poison.”

Gold & Silver

Click to read the PM Daily Market Commentary: 11/17/17

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

Nate's picture
Nate
Status: Platinum Member (Offline)
Joined: May 5 2009
Posts: 568
Armstrong

There are reports now circulating that a special forces group of 2200 marines have landed and invaded the CIA Headquarters. They supposedly have landed in the classic tilt-rotary helicopters. I have been working on this to actually confirm the veracity of this claim but not a single photo has even surfaced. The spin is they are there to prevent a CIA coup against Trump. That seems to be a bit far-fetched. If it is even true, it may be more to secure evidence for the prosecution of the Clintons.

What is very interesting is to see how the Democrats are starting to run from the Clintons. Senator Kirsten Gillibrand (D-N.Y.) has come out and said that Bill Clinton should have resigned the presidency after having a relationship with White House intern Monica Lewinsky. With all the attacks to stop candidates using sexual harassment, many are starting to realize that Bill Clinton should have resigned and many are now running away from Hillary.

The truth of these stories about troops landing at the CIA has not been confirmed.  I will rely on my direct sources to confirm or deny these reports. I do not believe it is likely that this incident was to prevent a coup even if true.

https://www.armstrongeconomics.com/world-news/corruption/report-of-marines-invading-cia-headquarters/

 

 

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