Daily Digest

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Daily Digest 11/16 - Get Ready for the Mania Phase, EPA Proposes Reducing Ethanol Gas Requirement

Saturday, November 16, 2013, 10:52 AM


Richard Duncan: Fed Targeting 20,000 on the Dow (adam)

To determine his figure, Richard looks at the five major sectors that drive credit growth in the U.S.: the government, Fannie Mae and Freddie Mac, the household sector, the corporate sector, and the issuers of asset backed securities. Collectively, they must expand credit in the economy by a certain amount each year or else the economy rolls over.

Get Ready for the Mania Phase (adam)

All primary movements are international in scope, and this bull market will be no exception. In proof I show one of my favorite items, the "International Dow" known as GDOW (consisting of all 30 Dow Industrials plus 220 international major blue-chip stocks.

Chase's Twitter Gambit Devolves into All-Time PR Fiasco (Michael W.)

Only on Wall Street would a bank that's about to pay out the biggest settlement in the history of settlements unironically engage the public, expecting ordinary people to sincerely ask one of their top-decision makers for career advice. The notion that this was their idea of reaching out to the public in a moment of public relations crisis – we'll take questions now on how you can become just as successful as us! – was doomed to be hilarious, and it turned out to be that and more.

Detroit's decision to fend off bankruptcy: pay pensions or banks? (pinecarr)

Detroit has always been ahead of the curve. The birthplace of the automotive industry, Detroit revolutionised travel and created a middle-class army of skilled workers. Now it is forging ahead again, this time into darker territory. What happens to a city that promised its residents so much and now can not, or will not, deliver?

In Worst-Hit Area of Tacloban, a Killer From Two Sides (jdargis)

It is one of the city’s most populous neighborhoods, and the view from the road that runs down it once featured a jumble of houses. Now the view is sea and mountains in the distance — the houses have been turned to rubble barely three feet high at its tallest points. The overwhelming destruction here has raised questions about whether it is safe to live on such a low-lying strip of land, and ultimately, where the survivors will be housed.

In a Bean, a Boon to Biotech (jdargis)

The new beans could help the image of the biotechnology industry because they are among the first genetically engineered crops with a trait that benefits consumers, as opposed to farmers. Despite industry promises to create better-tasting or more nutritional foods, virtually all the biotech crops introduced since 1996 have been aimed at helping farmers control weeds and insects. That has made it easier for various consumer interest groups to oppose the crops.

For First Time, E.P.A. Proposes Reducing Ethanol Requirement for Gas Mix (jdargis)

The timeline for phasing in enormous volumes of renewable fuel is laid out in the Energy Independence and Security Act of 2007, but the schedule has turned out to be impractical, forcing year-by-year adjustments. In the years since the law was passed, imports of oil have declined sharply and domestic production has risen.

Conservation Group Keeps Buying Land, Helping State Parks Grow (jdargis)

Working quietly and quickly, the Open Space Institute, a nonprofit conservation group, has bought acreage surrounding park borders, combining together smaller parcels as they come up for sale, and then selling them to the state, at cost or below. Using money from the Lila Acheson and Dewitt Wallace Endowment Fund, the group has led efforts to conserve 40,000 acres through 77 individual deals statewide; that represents more than 10 percent of the state park system’s current 335,000 acres.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/16/13

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."


thc0655's picture
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Posts: 1744
Deflation, stock market crash, then Christmas

I particularly liked the concept of a Ponzi debt scheme, as opposed to a Ponzi growth scheme:


Ponzi austerity is the inverse of Ponzi growth. Whereas in standard Ponzi (growth) schemes the lure is the promise of a growing fund, in the case of Ponzi austerity the attraction to bankrupted participants is the promise of reducing their debt, so as to liberate them from insolvency, through a combination of ‘belt tightening’, austerity measures and new loans that provide the bankrupt with necessary funds for repaying maturing debts (e.g. bonds).

As it is impossible to escape insolvency in this manner, Ponzi austerity schemes, just like Ponzi growth schemes, necessitate a constant influx of new capital to support the illusion that bankruptcy has been averted. But to attract this capital, the Ponzi austerity’s operators must do their utmost to maintain the façade of genuine debt reduction.


Denny Johnson's picture
Denny Johnson
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Posts: 348
Arthur Robey's picture
Arthur Robey
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Posts: 3936
Hungary throws out the IMF and Monsanto.

US to Start ‘Trade Wars’ with Nations Opposed to Monsanto, GMO Crops

The United States is threatening nations who oppose Monsanto’s genetically modified (GM) crops with military-style trade wars, according to information obtained and released by the organization WikiLeak

Total media blackout.

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