Daily Digest

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Daily Digest 3/29 - AI Getting Stronger Every Day, Has Silver's Time Finally Arrived?

Thursday, March 29, 2018, 11:11 AM

Economy

The US needs to borrow almost $300 billion this week (Adam)

China responded by saying it would fight any trade war "to the end." When asked by Bloomberg Television whether China was considering scaling back purchases of US debt, China's ambassador to the United States said, "We are looking at all options."

China holds $1.17 trillion of US debt. It trimmed those holdings by 1.4% between December and January, the latest data show.

Like Throwing a Light Switch (thc0655)

CAFE has nothing to do with “tackling pollution,” in the first place. It was an outgrowth of the Energy Policy and Conservation Act (EPCA) of 1975, which was written in the wake of the energy crisis (OPEC oil embargoes) which had crippled the country with gas shortages. It had – and has – zip to do with pollution standards, which are the EPA’s fief.

Second, carbon dioxide is – suddenly Susan – a “pollutant”? How?

John Robson: AI is already terrifying. And it's getting stronger and faster every day (Uncletommy)

So look up briefly from the ubiquitous “devices” nobody heard of 11 years ago, and reflect that despite technology moving so rapidly and disruptively these days, we ain’t seen nothing yet from AI. And as Roy Amara famously said, “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” (As Siri could probably tell you, Amara is a futurist famous for Amara’s law, which I just quoted.)

Are you ready? This is all the data Facebook and Google have on you (tmn)

Google stores information on every app and extension you use. They know how often you use them, where you use them, and who you use them to interact with. That means they know who you talk to on Facebook, what countries are you speaking with, what time you go to sleep.

The Real Lesson of the Facebook Debacle (Tiffany D.)

It forced out fly-by-night sellers of tainted food and snake-oil “patent medicines.” Instead, companies invested across a diverse range of opportunities — research labs to develop effective medicines, cold-storage warehouses (to minimize food spoilage) and better packaging that kept out weevils and food pests.

Has Silver's Time Finally Arrived? (Diane C.)

Has silver's time finally arrived? This week Mike Maloney links to several pieces of news and data that show a massive shift in the silver market, as well as a gigantic nail in the coffin for the US Dollar Standard. Be sure to read the accompanying articles and watch the video Mike mentioned for some excellent in-depth analysis on why now might be the time for silver.

Optimist or Pessimist on Silver (GE Christenson)

The St. Louis Federal Reserve publishes data for U.S. total credit market debt. Plot ever-rising debt on a log scale (exponential increases are a straight line) against annual silver prices (smoothed with a five year moving average) on a log scale. Debt increases with no hint it will ever decline. Silver prices move higher along with exponentially increasing debt.

Europe Cracks Down On Diesel Vehicles (Michael S.)

In February, Germany’s top administrative court ruled that its cities can ban diesel vehicles to improve air quality. It could impact up to 12 million vehicles, and end diesel passenger vehicle sales in Europe’s largest auto market.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/27/18

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."

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