Daily Digest

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Daily Digest 10/4 - Sources of Existential Angst, What Happened To Treasurys On Wednesday?

Thursday, October 4, 2018, 10:58 AM

Economy

Hussman Market Comment: The Music Fades Out (Aaron M.)

Presently, the dispersion we observe in market internals suggests that investors are becoming increasingly selective; that their psychology has subtly shifted away from speculation, and toward risk-aversion. Our own measures shifted negative on February 2, 2018. More recently, the 2% advance of the S&P 500 Index beyond its late-January high has been accompanied by a sharp narrowing of participation and leadership across individual securities. The profound narrowing we observe in daily data, coupled with repeated leadership reversals within a fraction of a percent of the recent market highs, is what amplifies the likelihood that recent valuation extremes will have immediate and severe consequences, as they did after the 2000 and 2007 peaks.

To Understand Venezuela’s Crisis, Look to the Past … and the CIA (Paul D.)

The parallels with Venezuela and Chile, however, should prompt far more skepticism from honest observers. The CIA long ago confessed to years of maneuvering to destabilize the Allende government and to coordinate the forces that would bring it to an illegal and violent end. There is ample evidence now that just such a plot is underway in Venezuela today, and that it is very likely to succeed. The best way to tell, in fact, is to study what happened in Chile.

James Howard Kunstler: Imaginary Monsters and the Uses of Chaos (Barnbuilder)

Of course, the lives of societies, like everything else in a living universe, unfold emergently. Which is to say that circumstances are in the driver’s seat taking us where they will whether we like it or not. What humans can do is decide how to ride these events. For the moment, America has opted for a grand circus of sexual hysteria. It’s really an easy, lazy choice because sex is full of easily manipulated tensions and ambiguities prone to melodramatic misrepresentation.

Sources of Existential Angst (Afridev)

You may feel committed to the culture shared within your community, but you are never not aware that it isn’t shared with the millions of people outside of it. There are other options, other alternatives, other principles and beliefs to build your life around. Where there are choices, there is FOMO. Are you sure you’ve picked the right one?

When it comes to the decision of whether or not to belong to a religious community, we find ourselves in a “pluralized, pressurized moment,” writes James K.A. Smith, “where believers are beset by doubt and doubters, every once in a while, find themselves tempted by belief.”

Humanoid construction robot installs drywall by itself (Sparky1)

However, the machine also fits into a familiar pattern for Japan: its determination to address population shortfalls through technology instead of immigration. AIST is quick to declare that robots like HRP-5P are meant to tackle the "manual shortages" expected to stem from Japan's aging residents and shrinking birth rate. This would free the shrinking number of human workers to focus on lighter and less dangerous work, according to AIST. It could be useful far beyond Japan, but it's meant to address a far deeper issue that robots can't fix.

Chinese spy chips are found in hardware used by Apple, Amazon, Bloomberg says; Apple, AWS say no way (Thomas R.)

Asked by CNBC for comment, Apple reiterated its strong denials of the report, stating: "We are deeply disappointed that in their dealings with us, Bloomberg's reporters have not been open to the possibility that they or their sources might be wrong or misinformed. Our best guess is that they are confusing their story with a previously reported 2016 incident in which we discovered an infected driver on a single Super Micro server in one of our labs. That one-time event was determined to be accidental and not a targeted attack against Apple."

Could the next astronaut on the moon travel in this space lander from Lockheed Martin? (Thomas R.)

"The Gateway is key to full, frequent and fast reusability of this lander," said Tim Cichan, space exploration architect at Lockheed Martin Space, who presented the lander concept at the International Astronautical Congress. "Because this lander doesn't have to endure the punishment of re-entering Earth's atmosphere, it can be re-flown many times over without needing significant and costly refurbishment."

What Happened To Treasurys On Wednesday? (Thomas R.)

One of the oddities of that week was the dollar, which did not rise in tandem with U.S. yields. Instead, the greenback fell as commodities rallied, a combination that helped buoy sentiment in downtrodden ex-U.S. assets, particularly emerging markets, where equities outperformed their U.S. counterparts handily and currencies logged their best week since February.

Treat Symptoms Or Causes? (GE Christenson)

Bankers increase revenue and profits with fractional reserve banking. The excess profits also purchase politicians who increase their power and influence, garner votes and spend the taxes they collected plus extra borrowed dollars. Corporations boost profits, stock prices rise and “happy days are here again.” This “gravy train” is running on borrowed money and borrowed time, but few want a return to honest money instead of fiat dollars created and controlled by the banking cartel.

Russia and Other ex-Soviet Countries Do Not Control Their Central Banks - This Must End! (goldrunner1)

I came to the conclusion of a harsh reality, as the territories of the defeated geopolitical camp we were made poor intentionally by the victors. This school of thought of mine is regarded as the derogatory “conspiracy theory” and is ridiculed. We are told, nobody wants us to be poor. The richer we are, the more goods and services can be sold to us. True, if the task of geopolitical dominance and submission was completed.

Most Twitter Accounts Linked To 2016 Disinformation Are Still Active, Report Finds (Thomas R.)

"We are now removing 214 percent more accounts year-over-year for violating our platform manipulation policies," he said. "As of today, we have suspended a total of 3,843 accounts we believe are linked to the [Russian misinformation troll farm]" Internet Research Agency.

US Switching to Ukraine as Location to Start World War III Against Russia (goldrunner1)

The leaders of Russia, Iran, Turkey, and Syria (Putin, Rouhani, Erdogan, and Assad), agreed in two meetings, one on September 7th and the other on September 17th, to (as I had recommended on September 10th) transfer control of Syria’s only remaining jihadist-controlled province, Idlib, to NATO-member Turkey. This action effectively prevents the US alliance from going to war against Russia if Russia’s alliance (which includes Syria) obliterates all the jihadist groups in the Al-Qaeda-led Syrian province Idlib. For the US to war against Russia there would also be war against fellow-NATO-member Turkey — out of the question.

Flu season has begun, but when should you get the vaccine? (Thomas R.)

Flu season officially starts Oct. 1. It typically peaks in January and February in Dallas County and then “gradually declines thereafter as the temperatures get warmer," she said.

The flu claimed the lives of more than 150 people across Dallas-Fort Worth last season.

Why The Oil Price Rally May Soon End (Michael S.)

Not everyone seems to think that oil prices are about to reach $100, and economists at Barclays predict that oil prices will fall back before the end of the year

Tonight a Virgin Atlantic 747 will fly on fuel made from industrial waste gas (hungry4truth)

In LanzaTech's scenario, there's no carbon-sequestration period at the beginning, but the process takes pollutant gases that are let into the atmosphere anyway and reprocesses them. The resulting fuel still releases CO2 as it's burned but much less than would have been released if new oil had been drilled and refined into single-use jet fuel.

Trump administration sees a 7-degree rise in global temperatures by 2100 (Doug)

The world would have to make deep cuts in carbon emissions to avoid this drastic warming, the analysis states. And that “would require substantial increases in technology innovation and adoption compared to today’s levels and would require the economy and the vehicle fleet to move away from the use of fossil fuels, which is not currently technologically feasible or economically feasible.”

A Running List of How President Trump Is Changing Environmental Policy (edelinski)

“First, the administration proposes vehicle efficiency policies that would do almost nothing [to fight climate change],” he said. “Then [the administration] makes their impact seem even smaller by comparing their proposals to what would happen if the entire world does nothing.”

Can the Great Lakes Continue to Fend Off an Increasingly Thirsty World? (Paul D.)

“My research has shown quite clearly that when you look at the US, the upper half is getting wetter while the lower half is getting drier,” says Famiglietti. “Embedded in the drying lower half are our two major food-producing regions, the Central Valley and the High Plains aquifer. The southern halves of both of these are running out of water. So it begs the question about the future. Will we move water to where food systems and food production are optimized, or will we move food production to where the water is?”

Climate change threatens extinction but politicians only care about next election – Ken Livingstone (Paul D.)

Mark Lyans, in his book 'Six Degrees,' spelt out the implications of each one-degree increase. He warned an increase of six degrees will lead to the death of 95 percent of all life on the planet. Even with urgent measures to reduce carbon emissions, there would be a real danger that by the end of the century the human population will have been reduced to just a few hundred million living around the poles. Some experts are more optimistic, saying there could be two billion people alive at the end of the century, which isn't particularly encouraging given that we have already over seven billion.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/3/18

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

chettt's picture
chettt
Status: Member (Offline)
Joined: Nov 2 2009
Posts: 2
Lately I've read several

Lately I've read several articles that discuss how the climate models have significantly understated the actual effects of CO2 induced climate change.  How do these writings square up with the actual predictions of these 60 or so climate models vs. the actual observed data shown in this graph?

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32
Actual effects beyond just temperature

I gather that it's perhaps other effects of climate change beyond just temperature rise that some feel have been understated - as mentioned in this article...

"For this reason, many of the IPCC predictions have subsequently been shown to underestimate the climate response. Satellite and tide-gauge measurements show that sea level rise is accelerating faster than IPCC predictions."

"Similarly, summertime melting of Arctic sea-ice has accelerated far beyond the expectations of climate models."

https://www.skepticalscience.com/climate-models-intermediate.htm

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