Daily Digest

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Daily Digest 8/18 - How Heat Became A National Problem, Stress Keeping Americans Up at Night

Saturday, August 18, 2018, 11:47 AM

Economy

Housing tipping back to a buyer's market as sellers cut prices (Adam)

The simple reason was supply and demand. As millennials aged into their homebuying years, homebuilders did not and are still not meeting the rising demand. In addition, millions of single-family homes lost to foreclosure were purchased by investors and turned into single-family rentals, further depleting the for-sale housing stock. The market was thus suffering a critical shortage, just as demand was taking off. Prices had nowhere to go but up. Until now.

Stress Is Keeping Americans Up at Night (Adam)

Among the generations, older millennials (ages 28 to 37) are most likely to say they lose sleep because they are worried about something, with 77 percent experiencing this problem. Most older millennials, 49 percent, are worried about their relationships, with money concerns coming in second at 43 percent. However, this age group is the most likely to be stressed about money, followed by Generation Xers (ages 38 to 53) at 41 percent.

Trump is considering a huge change to the way America's biggest companies report their earnings (Sparky1)

"In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S," Trump tweeted. "'Stop quarterly reporting & go to a six month system,' said one. That would allow greater flexibility & save money. I have asked the SEC to study!"

Egypt finalizing details of long-term Hamas-Israel truce: source (Adam)

A long-term truce could pave the way for talks on other issues, including the easing of a blockade that has crippled Gaza’s economy and allowing a possible swap of Palestinian prisoners in exchange for the bodies of two Israeli soldiers.

Blackwater founder Erik Prince is pushing to privatize America's costly war in Afghanistan — and going on cable TV to persuade Trump (Sparky1)

Between 2001 and 2017, the US spent an estimated $714 billion on a war that many observers argue America is still far from winning, Task & Purpose reported last August. Prince intends to privatize the conflict to reduce US manpower in the country and ultimately reduce spending.

Prince's plan would see troops replaced with private military contractors who work for a special envoy that reports directly to the president.

US bosses now earn 312 times the average worker's wage, figures show (Adam)

The pay gap has risen dramatically, with some fluctuations, since the 1990s. In 1965 the ratio of CEO to worker pay was 20 to one; that figure had risen to 58 to one by in 1989 and peaked in 2000 when CEOs earned 344 times the wage of their average worker.

10 Dark Conspiracy Theories That Actually Turned Out To Be True (Thomas R.)

Designed to investigate the effects of nuclear radiation on humans and the environment, Project SUNSHINE saw the US government harvest and use, often without the permission of parents, the body parts of dead children and babies. Younger children typically have higher amounts of strontium in their bones, meaning that their tissues are more susceptible to radiation damage. Thus, they made better test subjects for the project.

The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will end (thc0655)

This was significant, since predicting major asset bubbles is what has made Grantham such a world-renowned investor. His track record speaks for itself. He predicted the dot-com and housing bubbles that wound up crushing markets. In fact, his otherworldly prescience actually extends back to the late 1980s, when he called a bubble in Japanese equities and real estate.

“Printing Money” and Cocaine (Thomas R.)

Addiction to monetary stimulus and “money printing” results from central banking and fractional reserve banking practices. Larger profits for the banking cartel is a compelling incentive. Such “Keynesian stimulus” increases wealth disparity, consumer price inflation and mal-investments. Power and wealth concentrate in the financial industry, government and the banking cartel.

Microsoft Threatens to Shut Down Gab After Anti-Semitic Posts by User (Thomas R.)

Microsoft Azure, the web hosting provider for Gab, has given the company 48 hours to delete some anti-Semitic posts or face a Big Tech shut-down. Gab is a Twitter alternative that claims to protect the right to free speech. It's not a very good alternative, as the numbers just aren't there to keep it interesting. Most of the time it's just righties and ultra-righties fighting amongst themselves. But Gab's claim to fame is that they won't kick people off for having unpopular views or engaging in insult trading that morons refer to as "hate speech." For some, that's a worthwhile promise.

Scientists have known burning coal warms the climate for a long time. This 1912 headline proves it. (Paul D.)

The fact-checking website Snopes.com verified the authenticity of those clippings and traced the story to the caption in a lengthy article in the March 1912 issue of Popular Mechanics on “The effect of the combustion of coal on the climate — what scientists predict for the future.”

Can U.S. Shale Stop A Global Oil Supply Crisis? (Michael S.)

Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply side, analysts have shifted their focus onto losses from Iran, crumbling Venezuelan production, and whether OPEC and its allies will be able—and willing—to offset supply disruptions.

California's largest fire ever keeps growing as winds fan flames (Adam)

Conditions have been ripe for the erratic fire behavior that has led to the explosive growth of the Ranch fire, which along with the River fire makes up the 364,145-acre Mendocino Complex fire. The days are so hot and dry that whatever gains firefighters see overnight when the humidity goes up quickly fade when the sun hits the fuels and sucks the moisture out. Lately, winds have started to pick up about 5 p.m., gusting to between 15 and 25 mph.

'It can’t get much hotter ... can it?' How heat became a national US problem (Sparky1)

The heatwave that has recently swept the US has put 100 million Americans under heat warnings; caused power cuts in California where temperatures in places such as Palm Springs approached 50C (122F); and resulted in deaths from New York to the Mexican border, where people smugglers abandoned their clients in the desert. Further north, in Canada, more than 70 people perished in the Montreal area after a record burst of heat.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/15/18

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."

3 Comments

Barnbuilder's picture
Barnbuilder
Status: Bronze Member (Offline)
Joined: May 7 2014
Posts: 89
Keeping it Honest

A few months back I commented on one of Chris's articles about a total lack of pollinators in my AO.  Well, for whatever reason things have turned around.  I now have a multitude of honeybees, bumblebees and the largest amount ever I have seen of Mason bees. I have no idea what changed,  The fields that surround my property are all planted with GMO soybeans and they were sprayed with roundup right on schedule killing all the plants along my property line but boy those beans look great.  Maybe all the prayers to the creator to save his little creatures worked, or maybe the vibe was felt that this land is safe and no chemicals will be sprayed here. Maybe cause I quit mowing at the end of June and just let things grow to help them.  Don't know, but I am sure glad to see all these thousands of essential creatures here on the land.  Just maybe we and them will make it.

herewego's picture
herewego
Status: Silver Member (Offline)
Joined: Aug 11 2010
Posts: 154
More Honesty, and some Gloom from BC

Hello All

Past PP conversations about insects, especially pollinators, have been coming to mind this summer.  Spring started again with almost no sightings of bees of any sort.  My peach tree didn't get pollinated this year, for example.  But as the season progressed, bumblebees and wild bees started making an appearance.  Some days there is actually a humming sound when I go outside.  Remember how that sounds?  It's been years in these parts.  But this week I counted 20 bumblebees on a tiny planting of ornamental alliums.  Every squash blossom has a pollen-covered, slow-moving, giant bumblebee or two.  They look badly hungover, warding off my big curious nose with a raised leg. So funny.  I rejoice, and weep, and rejoice.  Now finally I know they are precious to me, and there is no knowing if they will be here next year.

Why so gloomy?  Well, BC is burning up.  It is so smoky that I wonder if it makes sense to go outside and garden.  The tomatoes don't ripen for lack of direct sunlight.  I wake up coughing.  It's been too smoky to see the mountains for weeks. Most summers now have NO RAIN, here in our inland rainforest. The incessant smoke and lack of rain are profoundly disturbing, even though there are no flames within a day's walk of us.  So - kinda gloomy.  The unfamiliar urge to pray to the mother for rain runs headfirst into the knowledge that she has experienced drought unto death of the local biosphere a million times.  How would my prayers, or raindances, or longing for the spectacular sudden mountains storms of my childhood have any effect?  Consider this human humbled, and sobered.  Biosphere above all.  7 years of tiny homestead building can all be undone if the mother can't bring rain to the rainforest anymore.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4192
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