Daily Digest 5/11 - A High Frequency Map of the Market, What Is The Fed Thinking?
We should recognize that a good map is an extremely valuable asset. If one could create a highly accurate map of the market, and thus track or predict where money is flowing at all times, this amounts to no more than a modern day treasure map. Yet, a “map” is only a basic description of what’s being developed. The more important question is, how is this map created and what’s the underlying process?
It used to be the “Golden Rule” was, He who has the gold rules. That has been replaced with, He who controls the purse strings dictates. The shocking reality of the latter will become more prevalent, one country at a time. Central bankers will default and make it appear the fault of the paper holders. What are you going to do about it?!, will be their attitude. All the central bankers are doing, under the protection of governments, is stalling for time as they get their end-game in place. What is that end-game? Securing their stranglehold on power over the failing Western countries so that they remain in power.
The Benaki’s permanent collection now includes a huge range of Greek art that traces the development of Hellenism from antiquity through the Byzantine age, the fall of Constantinople, the Ottoman occupation and the formation of the modern Greek state. But there is also an antique toy collection, a stunning collection of Greek regional costumes, an annex devoted to Islamic art and a new building for temporary exhibits, cultural events and workshops.
What Is The Fed Thinking? (jdargis)
The Fed has tied policy to the unemployment rate, now at 7.5 percent, but officials understand its limitations. (The rate falls when workers are so discouraged they stop looking for work, for instance -- hardly a sign of progress.) They could be looking for three to six months of growth in payroll employment of 200,000 or more each month. That could be the “substantial improvement in the labor market” they have in mind.
The dangerous conditions have been partly blamed on price-conscious businesses, some of whom go with the cheapest and often least-safe local suppliers at the expense of protections for workers. After a November fire that killed 112 workers, brands like Wal-Mart, Gap, and H&M refused to sign a new union-proposed safety plan, which would have introduced more rigorous safety inspections, saying it was "not financially feasible."
The German research team collected blood samples from nearly 400 10-year-old German children, most of them in Munich, and analyzed auto emissions around the home addresses where the children were born (the study controlled for socio-economic status, birthweight, Body Mass Index, and second-hand smoke in the home). For every 500 meters a child lived closer to the nearest major road, insulin resistance increased by 7 percent by the time they were 10. As the researchers write:
Although the storm could change direction or lessen in intensity, aid groups say even heavy rains would create very difficult conditions for the displaced families who are camped out in muddy fields vulnerable to tidal surges. Myanmar is prone to violent tropical storms. A cyclone in 2008 killed more than 150,000 people in the country’s Irrawaddy river delta. Another storm in 2010 in western Myanmar, in roughly the same areas as those under threat now, displaced tens of thousands of people and killed more than 100.
Maria Zanetich, who lives across the street from the water in Point Pleasant, N.J., with her husband and two grown daughters, considers her family lucky in many respects: their first floor is still gutted, but they can continue to live on the top floor of their three-bedroom raised ranch. Their insurance premiums will increase sharply, however, unless they elevate their home five feet, which she said could cost more than $100,000 because their home sits on a concrete slab instead of a foundation with a crawl space.
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