Daily Digest

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Daily Digest 2/3 - Bitcoin Newbies Getting Crushed, Is The CDC Losing Control?

Saturday, February 3, 2018, 11:19 AM

Economy

Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands’ (jdargis)

Particularly hard hit have been those who got swept up in the mania just before what skeptics ranging from Jamie Dimon to Nouriel Roubini have labeled as one of the biggest asset bubbles in history began showing signs of deflating. Selling by “weak hands,” as latecomers are sometimes called across the investing world, contrasts with the view of early advocates pledging to HODL -- one frenzied trader’s misspelled entreaty to hold onto the tokens during an earlier rout that’s become the mantra of Bitcoin purists.

Puerto Rico reports 78 killings in one of deadliest months (thc0655)

Police have issued warrants or arrested suspects in only a handful of the cases. On Thursday, authorities asked the public for help in solving the case of the young woman found burned inside the car. Police said they believe she was on her way to pick up a family member the day she was killed.

Unnecessary Medical Care Is More Common Than You Think (jdargis)

The group scoured the insurance claims from 1.3 million patients in Washington state who received one of 47 tests or services that medical experts have flagged as overused or unnecessary. What they found should cause both doctors and their patients to rethink that next referral. In a single year:

How a Medical Catastrophe Can Bankrupt a Life (jdargis)

The realization that my “sprains” had — HAD — to be something more significant arrived during my son’s third week on earth. My general practitioner was located in Manhattan, so I found a local doctor who, for the first time since this health scare began, had more than an inkling of what was plaguing my body: I had joined the roughly 20,000 Americans who suffer annually from reactive arthritis. This exceedingly rare form of arthritis, which shares symptoms with rheumatoid arthritis, was attracted to the genetic antigen I carried, passed down maternally, and had proceeded to attack all of my white blood cells. When I finally was able to see a rheumatologist, I was told that my CBC — complete blood count — was one of the lowest he’d ever seen.

38,000 Tons of Poison, One Gram of Antidote! (GE Christenson)

$20 trillion in official debt, rapidly approaching $30 and $40 trillion, is a problem—a huge toxic problem. The U. S. government will add another $ trillion of new debt each year for several years. But, as they say, “The piper must be paid.”

Is the CDC Losing Control? (jdargis)

Seventy-five years later, malaria and yellow fever have been all but eliminated in the continental United States. The morbidity and mortality burden for the worst infectious diseases has fallen tremendously over the last century, and average life expectancy has increased by over 10 years since 1942. At the center of it all is the CDC, now a major piece of both the public-health and national-security apparatuses, and a relative constant in times of great change. But as 2017 showed, few institutions are truly immune to the political upheaval the Trump administration brought to Washington—and now the stalwart CDC finds itself sinking into the swamp.

A Toxic Tour Through Underground Ohio (tmn)

In the morning, before heading off to work, Garman is back on her porch with a coffee, staring at a series of tanks, where the waste is temporarily held before being shot down the injection well. “The biggest thing,” she sighs, “is the worrying. What am I not hearing? What am I not seeing? What is being released into the air? The water? The soil? What does this mean for our health years down the road? That is the stuff that really eats away at me constantly.”

Gold & Silver

Click to read the PM Daily Market Commentary: 2/3/18

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

rbeck99's picture
rbeck99
Status: Member (Offline)
Joined: Oct 10 2009
Posts: 2
Medical costs

I tire of hearing simplistic discussions on the causes of high medical costs.  Look it’s a complex system that grows more complex both as a result of increasing energy throughput on the way up the fossil fuel bubble and it will heap on more complexity as it tries to overcome the loss of energy on the downslope.  It’s a system just like all the others and perhaps just a more obvious example of diminishing returns on complexity.  None of the medical systems are sustainable, not japan, Canada, Europe.  Show me a country that lives within its means and I’ll listen to an argument about how much better their medical system is at controlling costs.  This high tech medicine is a flash in the pan, hardly any of it is sustainable, we’re arguing over the arrangement of deck chairs in the hours before we strike the iceberg.  There is no fixing something that will not last no matter what you do.  When we return to true renewable energy, wood and farming, then we’ll see what’s left of modern medicine.  I’m not convinced the eroi of wind and solar are enough to support the industrial underpinnings of the societal complexity required for their replacement.  It’s thats true, then we should be more interested in trying to figure out what medical marvels can be salvaged and sustained in the post carbon future.  Some folks have put their head to this problem and I salute them. 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4192
S&P Warns High Corporate Debt Could Trigger Next Default Cycle

The Treasury is set to borrow nearly $1 trillion this year, and at least ...

CNBC-8 hours ago
The Treasury quietly released data showing it would need to borrow $955 billion in 2018, and more than $1 trillion in the two subsequent years. ... "Although the overriding consideration of the Treasury during the recession and recovery was simply funding the trillions in new debt, the low and declining average and ...

S&P Warns High Corporate Debt Could Trigger Next Default Cycle

Bloomberg-8 hours ago
The masked discrepancy between leverage and defaults is so wide that the recent pick-up in corporate earnings and financial metrics -- especially thanks to tax reforms in the U.S. -- “won't be enough to offset” the significant credit risks, S&P said. “When debt is this steep and default rates are low, ...

 

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