Daily Digest

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Daily Digest 2/20 - Sowing The Seeds Of The Next Crisis, Is Oil Price Volatility On The Way?

Tuesday, February 20, 2018, 11:38 AM


Venezuela cryptocurrency to draw investment from Turkey, Qatar-official (tmn)

Maduro says his government is the victim of an “economic war” led by opposition politicians with the help of the government of U.S. President Donald Trump.

Sanctions levied last year by Washington block U.S. banks and investors from acquiring newly issued Venezuelan debt, effectively preventing the struggling nation from borrowing abroad to bring in new hard currency or refinance existing debt.

Debt Is Sowing the Seeds of the Next Crisis (Tiffany D.)

Post-2008, economists have started to use the term “Minsky moment” to describe when credit markets begin to deleverage after an extended period of rising debt levels.

Knowing when a Minsky moment is in the horizon is critical, especially if you’re near or in retirement...

Sure, the U.S. and Russia often meddle in foreign elections. Does it matter? (From 2016, blackeagle)

My research on this topic looks at the long history of foreign governments attempting to help or hinder candidates or parties in elections in other countries. When it comes to covert operations, it usually takes a while until either a smoking gun is found or the smoke clears. With that in mind, here are five things you need to know about such partisan electoral interventions — and what Russia might be up to in the 2016 U.S. election.

Professor Levin: U.S. Ambassadors and the CIA changed governments in the Balkans (From 2017, blackeagle)

In recent months the world media wrote extensively about the U.S. influence in the outcome of another country’s election. Some media claim that this policy of Washington is nothing new and it cited your historical database that tracks US involvement in meddling with foreign elections over the years. What is your research about exactly and what did you find out on this issue? Do you have information about US influence in the election process in South East Europe and the Balkans?

Influence? In this economy? (tmn)

This “savviness gap” creates a space that trolls exploit for fun and profit. The crucial break from real-world communication is that online messages are essentially free to send and anonymity removes any reputational costs of saying rude or spammy things. Whether we’re discussing blunt-force DDOS attacks meant to overwhelm a server until it crashes or personalized phishing scams, the asymmetry between the costs of sending countless messages and the likelihood that at least one recipient will take their validity at face value is fundamental to the logic of online trolling. Manipulating online discussions by spamming hashtags and engaging in bad-faith arguments with armies of fake accounts falls somewhere in the middle of this spectrum.

Erasing History (jdargis)

For years, our most important records have been committed to specialized materials and technologies. For archivists, 1870 is the year everything begins to turn to dust. That was the year American newspaper mills began phasing out rag-based paper with wood pulp, ensuring that newspapers printed after would be known to future generations as delicate things, brittle at the edges, yellowing with the slightest exposure to air. In the late 1920s, the Kodak company suggested microfilm was the solution, neatly compacting an entire newspaper onto a few inches of thin, flexible film. In the second half of the century entire libraries were transferred to microform, spun on microfilm reels, or served on tiny microfiche platters, while the crumbling originals were thrown away or pulped. To save newspapers, we first had to destroy them.

Is Volatility in Oil Price on the Way, Again? (Robert G.)

Paradoxically, neither chart directly relates to my investments. However, they have guided the timing of when I move money around in my accounts - shifting between riskier stock indexes to safer bond funds. So far, my strategy has worked. For example, my pension fund suffered little during the 2008 financial crisis, and from lesser bouts of turbulence in 2011 and 2015.

Pollen data shows humans reversed natural global cooling (tmn)

What the authors found was very interesting. Using data from 642 sites across North America and Europe, the temperatures they found closely matched those expected from computer simulations. They found that throughout most of the Holocene period (the last ~11,000 years), the Earth was warming very slightly. Only in the last ~2000 years has the Earth been in a cooling period (which probably would have continued except that human emissions of greenhouse gases have now reversed the cooling).

Gold & Silver

Click to read the PM Daily Market Commentary: 2/16/18

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."

1 Comment

saxplayer00o1's picture
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4310
Where the real growth is

The Daily History of the Debt Results

Historical returns from 02/08/2018 through 02/16/2018

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
02/08/2018 14,824,326,747,989.38 5,670,311,228,891.24 20,494,637,976,880.62
02/09/2018 14,981,023,162,801.12 5,688,056,245,607.00 20,669,079,408,408.12
02/12/2018 14,982,037,239,613.26 5,691,879,130,981.60 20,673,916,370,594.86
02/13/2018 14,982,497,795,737.89 5,699,328,006,707.53 20,681,825,802,445.42
02/14/2018 14,984,392,864,937.32 5,685,213,436,247.58 20,669,606,301,184.90
02/15/2018 15,018,135,646,693.34 5,692,067,963,556.40 20,710,203,610,249.74
02/16/2018 15,067,669,907,305.63 5,692,488,169,025.05 20,760,158,076,330.68


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