Daily Digest

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Daily Digest 1/18 - What Volatility Looks Like, Measuring What Makes A Country Great

Thursday, January 18, 2018, 10:36 AM

Economy

Why governments are broken – and how to fix them (Afridev)

“It’s very anachronistic, in many ways,” says Geoff Mulgan, chief executive of innovation foundation Nesta and one of the co-chairs of the World Economic Forum’s Global Future Council on Innovation and Entrepreneurship. “It’s our bad luck that modern governments crystallised in a particular moment in time that’s increasingly distant to where we are now.”

So That’s What Volatility Looks Like (thc0655)

But today something different happened. Stocks opened massively higher, riding the momentum of last week’s record close. The Dow pierced 26,000 for the first time ever, making all those tech stock positions and call options look like strokes of genius. Then those gains evaporated in a 282 point reversal, one of the biggest of the past few years.

Here’s What Historically Happens to Stocks When Bull Markets End (Diane C.)

We dug up the data for all bull markets in the S&P since the year 1900, and then examined what happened in the very first year after each of those bull markets ended. In other words, what did the first year of the bear market look like after the last full year of the bull market? This could be useful data, if 2017 ends up being the peak of the bull market.

Forecasting Intelligence: My Predictions For 2018 (James W.)

The decline of the tottering American imperial giant is, as Greer states, the single most important fact in geopolitics, but it is within the broader context of what I refer to as the limits to growth mega-trend. Our industrial civilisation is facing hard limits to economic growth as it bumps upon the physical reality of resource depletion, worsening climatic change and growing water and food scarcity across the world. Already, the South African city Cape Town is on the brink of running out of water.

How can you measure what makes a country great? (Afridev)

There are some who argue the US government is less effective than ever, for example; the US public has lower levels of trust in government since almost any time since 1958. But the World Bank’s Worldwide Governance Indicators (WGI) show that levels of government effectiveness have remained roughly the same every year since 1996. (The measurement analyses outcomes like the condition of highways, primary school quality and the amount of red tape).

Big Brother on wheels: Why your car company may know more about you than your spouse. (tmn)

“The thing that car manufacturers realize now is that they’re not only hardware companies anymore — they’re software companies,” said Lisa Joy Rosner, chief marketing officer of Otonomo, a company that sells connected-car data, sharing the profits with automakers. “The first space shuttle contained 500,000 lines of software code, but compare that to Ford’s projection that by 2020 their vehicles will contain 100 million lines of code. These vehicles are becoming turbocharged spaceships if you think of them from a purely horsepower perspective.”

Ahead Of The Pack: What Sets Energy Innovators Apart? (Michael K.)

More than three years ago, Andreas and I began writing on the technological advancements and structural changes in the auto industry to predict how penetration of electric vehicles will displace a sizable global oil demand in road transport sector, and how the speedy penetration of wind and solar energies will reduce the role of fossil fuels in global total primary energy mix from 86 percent in 2016 to less than 75 percent in 2040.

China is planting 6.6 million hectares of new forest — almost the size of Ireland (Uncletommy)

The massive reforestation project will be a collaboration between the Chinese government and internal and external groups that know how to get the job done. “Companies, organisations and talent that specialise in greening work are all welcome to join in the country’s massive greening campaign,” said Zhang Jianlong, head of the forestry administration. “Cooperation between government and social capital will be put on the priority list.” This latest announcement is not the only reforestation project being conducted in China. The strategy of planting trees has also been utilized to fight desertification in the Gobi Desert, with mixed results. The most recent reforestation project may have more success as it is focused on planting in regions already well suited for hosting forests.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/17/18

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4062
LPC: Global defaults, spreads to rise amid central bank concerns

 

LPC: Global defaults, spreads to rise amid central bank concerns-poll

Reuters-3 hours ago
NEW YORK, Jan 18 (Reuters) - Corporate debt defaults and credit spreads will accelerate globally, as central banks become less accommodative and boost interest rates, according to an International Association of Credit Portfolio Managers (IACPM) quarterly survey. Central banks have kept interest rates and defaults at ...

China's Holdings of Treasuries Slump to Lowest Level Since July

Bloomberg-18 hours ago
China's Treasury holdings are attracting extra attention after Bloomberg News reported last week the government was considering tapering its purchases of U.S. government debt. A pullback by America's largest foreign creditor could put upward pressure on interest rates just as tax cuts may increase the U.S.'s need to issue ...

Debt bombshell as Aussie households notch up $2.5 trillion in red ink

Herald Sun-10 hours ago
That has added 3 per cent to the total pool of red ink, and lifted the household debt-to-income ratio by 6 percentage points. But even before that change, the ratio was at 194 per cent and rapidly climbing towards the 200 per cent threshold. Jonathan Mott, an analyst at investment bank UBS, said it was one of the highest ...

Australian household debt-to-income ratio taps 200pc
The Australian-14 hours ago

 

Spanish public debt reaches record high of 1.14 tln euros in Nov

Xinhua-21 hours ago
MADRID, Jan. 17 (Xinhua) -- Spanish public debt reached a record high of 1.14 trillion euros (1.39 trillion U.S. dollars) in November 2017, according to data published Wednesday by the Bank of Spain. From October to November, debt rose by 0.8 percent or 9.04 billion euros. The amount represented 98.8 percent of the ...

Chicago postpones $898 million bond sale, eyes new structure

Reuters-19 hours ago
CHICAGO (Reuters) - Chicago on Wednesday postponed an $898 million bond sale until next week at the earliest, citing weaker market conditions and the possibility of restructuring the deal to include taxable debt. The revenue bond issue, which topped this week's $3.45 billion supply calendar in the U.S. municipal market, ...

 

Crisis-stricken Venezuela's oil output plummeted to decades low in ...

Reuters-1 hour ago
... to figures released by OPEC on Thursday, hitting a 28-year annual low that suggested a deepening economic crisis and increased chances of a debt default. ... The production fall has also hit oil exports –Venezuela's main source of foreign currency to repay debt- and refining, creating intermittent fuel scarcity in the ...

 

Uncletommy's picture
Uncletommy
Status: Gold Member (Offline)
Joined: May 3 2014
Posts: 474
Why governments are broken? Duh!

Amidst the flurried activities of "cryptos", stock markets, ETF's, hedge funds and the likes, a simple review of  history indicates the basic practice of the slight-of-hand. "As you can see, there is nothing up my sleeve".

"Every time history repeats itself, the price goes up".

 
 
 

 

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