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Daily Digest 10/12 - First Ebola Case Contracted In Dallas, A Roundabout Way to a Higher Credit Score

Sunday, October 12, 2014, 9:44 AM

Economy

You Know It’s a Tough Market When Bernanke Can’t Refinance (Nate)

Bernanke, addressing a conference of the National Investment Center for Seniors Housing and Care in Chicago yesterday, said that the first-time home buyer market is “not what it should be” as the economy in general strengthens.

“The housing area is one area where regulation has not yet got it right,” Bernanke said. “I think the tightness of mortgage credit, lending is still probably excessive.”

Officials Admit a ‘Defeat’ by Ebola in Sierra Leone (jdargis)

But many patients with Ebola are already dying slowly at home, untreated and with no place to go. There are 304 beds for Ebola patients in Sierra Leone now, but 1,148 are needed, the World Health Organization reported this week. So officials here said there was little choice but to try the new approach as well.

“For the first time, the nation is accepting the possibility of home care, out of necessity,” said Jonathan Mermin, another C.D.C. official and physician here. “It is a policy out of necessity.”

Dallas Hospital Worker Diagnosed With Ebola, First to Catch Deadly Virus in U.S. (jdargis)

The diagnosis marks the first time someone contracted Ebola inside U.S. borders and adds pressure on the government to tighten controls as it seeks to stem the spread of the virus that’s killed more than 4,000 people this year in three African nations. John F. Kennedy International Airport began added screening for arriving passengers yesterday, just three days after the first U.S. death caused by Ebola.

That patient, Thomas Eric Duncan, arrived from Liberia on Sept. 20 and didn’t begin showing signs of the disease until Sept. 24.

In Lending Circles, a Roundabout Way to a Higher Credit Score (jdargis)

“Access to credit is very important in breaking the cycle of poverty,” Mr. Correa said. Without a credit score, you cannot get a car loan, rent an apartment, obtain a mortgage or build a business. Prospective employers and even dating services frequently check credit scores, which a credit-rating agency generates based on a person’s history of debt and payments.

No Smoke, No Mirrors: The Dutch Pension Plan (jdargis)

The Dutch approach bears little resemblance to the American practice of shielding the current generation of workers, retirees and taxpayers while pushing costs and risks into the future, where they can metastasize unseen. The most recent data suggest that public funds in the United States are holding just 67 cents for every dollar they owe to current and future pensioners, and in some places the strain is palpable. The Netherlands, by contrast, have no Detroits (no cities going bankrupt because pension costs grew while the population shrank), no Puerto Ricos (territories awash in debt but with no access to bankruptcy court) and nothing like an Illinois or New Jersey, where elected officials kicked the can down the road so many times that it finally hit a dead end.

When The Snows Fail (jdargis)

Diener grows produce on as grand a scale as any in the Central Valley, cultivating hundreds of acres of tomatoes, almonds, organic broccoli, and other crops. But he thinks differently from most farmers here. Maybe it’s that he’s the youngest son of a youngest son, used to making the most of bad situations. Or maybe his years living outside the valley have given him a maverick’s confidence.

Fish unable to rapidly adapt to ocean acidification (jdargis)

The young were then run through similar tests as before—one to see if they would recognize and avoid a chemical cue signalling a predator attack, and one to see if they would develop a left/right preference. Let’s take the offspring of fish that had lived in low-CO2 water first. Those that were also put into low-CO2 water spent less than 10 percent of their time in the presence of the predator alarm cue. As in previous experiments, those that were put into high-CO2 water actually spent about 80 percent of their time in the section with the predator cue. No surprises yet, as this is basically a replication of the earlier experiment.

35 Hurt as Strong Typhoon Batters Japan (jdargis)

The U.S. military instructed service personnel and their families to remain indoors Sunday until strong winds and rain subsided and said crews were out to assess damage, including broken glass and toppled power lines.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/10/14

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 656
A FASCINATING DEBATE

I posted this yesterday on Dave's Market Commentary.  Thought many of you may have missed it.  Enjoy.

KennethPollinger
Status: Silver Member (Offline)
Joined: Sep 22 2010
Posts: 192
 
0
 
Fascinating DEBATE

To my mind we need more of this type of debate.  Not just interviews where the folks talking are almost in agreement, like Chris and Mish, etc.  I found this to be quite enlightening and just wished it would not have ended.

Comments?   Zen

ENM_Header.gif

ECONOMY & MARKETS | 10.12.2014

Dear Kenneth,

What happens when you put two almost diametrically opposed forecasters into the same room together?

The result may surprise you. 

It did me when I invited rogue economist, Harry Dent, and award-winning editor ofForecasts & Strategies, Mark Skousen, to sit down in a room together to hash out their different views of the markets and the economy.

At the beginning of the session, these two men disagreed on whether the markets were in a bubble or not… whether gold is a good investment or not… whether real estate is recovering or heading for another collapse…

But by the end of the recording, called Clash of Two Titans: Harry Dent and Mark Skousen Debate the Future of Markets, Real Estate, Interest Rates, Inflation, and Gold, they agreed on some surprisingly insightful investment positions that you can implement immediately.

That’s why I’d like you to watch this complimentary video. Simply click on the image below.

Before you do though, make sure you have a pen and paper handy as you’re going to want to take notes of what Harry and Mark reveal.

 

RogerA's picture
RogerA
Status: Silver Member (Offline)
Joined: Jun 18 2009
Posts: 106
Why the german gold is not in Germany.

The former head of the West German Military Intelligence, Gerd-Helmut Komossa, has issued a book (2007) revealing secret details of a 1949 US-German treaty.I could not find an english version, but fortunately I can read some german.

http://ireport.cnn.com/docs/DOC-183232

http://rt.com/usa/germany-us-pact-komossa-978/

 

The retired General details a secret pact he alleges was signed in 1949 between Germany and the US, and which will be in force for another 90 years.

Komossa says the secret agreement means that all political parties in Germany are supervised by a special Washington-based body, that the country’s army takes part in all NATO missions at first demand and that all German gold reserves are stored in New York

 

The book is focused on contradictions between the United States and Germany, sometimes very strong but not supposed to be discussed in public. It was published in Austria, and its distribution in Germany may encounter certain difficulties today. Still, the very fact of its appearance indicates that the German intelligence community is increasingly dissatisfied with the role of a vassal of the United States (the definition applied to Europe by Zbigniew Brzezinski), imposed on Western Germany after World War II. Gerd-Helmut Komossa reveals the uncomfortable truth about the post-war conditions, dictated by the US and its allies. The state treaty, dated May 21, 1949 and classified by BND as top secret, suggests restrictions of state sovereignty of the Federal Republic of Germany, introduced for a period until 2099. These restrictions include the provision that the winning coalition exercise complete control over Germany's mass media and communications; that every Federal Chancellor is to sign the so-called Chancellor Act; that the gold reserve of Germany is kept under arrest. In fact, all the German Chancellors, including the incumbent Chancellor Angela Merkel, pay their first foreign visit necessarily to the United States. The whole spectrum of German political parties is supervised by a special Washington-based controlling body, while local US-licensed media serve as a more sophisticated means of brainwashing than the Nazi propagandist machine. Meanwhile, Germany's territory is still occupied by US troops.

 

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