Daily Digest

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Daily Digest 12/1 - Black Friday Fatigue, Working The Land And The Data

Monday, December 1, 2014, 11:03 AM


Black Friday Fatigue? Thanksgiving Weekend Sales Slide 11 Percent (jdargis)

Black Friday itself may be waning in importance, as retailers increasingly offer deep discounts days, and even weeks, before the traditional year-end sales period. That means many people may have simply done their shopping earlier and stayed home during the Thanksgiving weekend.

US banks are lending to everyone but homeowners (jdargis)

Able is a big thing here. Despite super-low interest rates, banks and other kinds of mortgage lenders have pulled way back since the recession, after the market for mortgages without a government guarantee dried up and credit standards tightened considerably. Haggling between lenders and the government have thawed things a bit on that front, but it’ll be a while before we’re back to normal.

China's manufacturing growth slows again in November (jdargis)

The risk that China might miss its official growth target of 7.5% this year for the first time in 15 years is growing because economic data is weaker than expected, economists said.

A struggling property market, uneven export growth and cooling domestic demand and investment are some of the major factors weighing on overall growth.

Alaistair Chan, economist at Moody's Analytics, said he had expected the slowdown in manufacturing and was a "little more pessimistic" than the market for two reasons.

Violent clashes are the new normal for Hong Kong’s Umbrella Movement (jdargis)

Late Sunday the protesters, after more than a week of seeing their encampments systematically dismantled by police, decided to step up their actions to force the government to react and bring the demonstrations to a head. And police, after months of mostly non-confrontational tactics, seem to have lost any qualms about using violent force. In short, both sides appear to be acting with a new-found determination that seems likely to end the stalemate in a very messy fashion.

Rob Kirby: U.S. Dollar Money System Failing In Spades (Herman J.)

What the western world is trying to hide from the rest of the world is the U.S. dollar centric money system is failing, and it’s failing in spades. The only reason it hasn’t failed yet is extraordinary levels of corruption and fraud have been used and employed to keep kicking the can down the road. They are also trying to keep officiating and hiding from the general public how broken the system really is. That’s been done basically by payoffs, bribes and ownership of the media; payoffs, bribes and ownership of the political apparatus; and payoffs, bribes and ownership of the biggest financial institutions. It gives things the appearance of being under control, but beneath the surface, things really aren’t under control.

Working the Land and the Data (jdargis)

Furthermore, such costly technology is beyond the smallest farmers. Equipment makers like John Deere and AGCO, for example, have covered their planters, tractors and harvesters with sensors, computers and communications equipment. A combine equipped to harvest a few crops cost perhaps $65,000 in 2000; now it goes for as much as $500,000 because of the added information technology.

Norway’s Energy Policies A Lesson For The World (Evan K.)

That Norway should be so wealthy is no surprise. It is the world's fifth-largest oil exporter, with annual oil revenues of around $40 billion, plus a vibrant and diversified economy that spreads prosperity widely within the society. In surveys of income inequality, Norway always ranks as one of the countries with the least differences of income between its citizens in the world. And that is what sets it apart from many oil-producing countries, particularly in the former Soviet Union and the Middle East. There, oil generates revenues that make the governing elites fabulously wealthy, while the rest of the citizens depend on their leaders' handouts or upon trickle-down economics for their share of what is left.

To Beat Malaria, We Need to See It as an Ecological Problem (jdargis)

Now, a team of scientists led by Adama Dao from the University of Sciences in Mali, and Tovi Lehmann from the US National Institutes of Health, have finally found that both answers are right. Some species of malarial mosquitoes persist; others travel. And that has big implications for our attempts to stop malaria in this critical region.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/28/14

Provided daily by the Peak Prosperity Gold & Silver Group

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HughK's picture
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Wanderers: For all and esp. for Arthur

Wanderers...(I'm working on embedding this Vimeo video, but so far no luck.)



Wanderers - a short film by Erik Wernquist from Erik Wernquist on Vimeo.

saxplayer00o1's picture
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Arthur Robey's picture
Arthur Robey
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Lovely scenery.

Lovely scenery, Hugh-bad chemistry and temperatures.

If you read my story about the real colonization of space you will find it is all about building your very own Home, definitely not about wondering about aimlessly. Further, you will see that once seemingly miraculous control over the stuff of life and technology has been mastered, it will be all about the inner life. The technology will be taken for granted, as it always has been. Fascinating to our primitive minds, but pretty ho-hum to the beneficiaries.

Our descendants will view any descent into any gravity well with concern. Could they make it back out again? After all it will have taken the entire wealth of humanity to escape from this one.

If we keep blathering on about the joys of falling down onto the surface of a planet we will never escape the confines of this particular lethal trap.

The makers of this film have missed the point entirely. We either escape this well or (and here the horrors of our fate prevent me from annunciating them)

I feel as though I am having a conversation with Captain Cook.

Time2help's picture
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Don't forget to scare the kids

4 dead, schools in lockdown as West Virginia Police Hunt Gunman

Sgt. M. Starsick of the Westover police said all schools in Monongalia County were placed on lockdown today, but police have no reason to believe schools were being targeted.

“It’s just a precaution though,” he said. “In no way, shape or form have the schools been involved in this incident.” - See more at:



saxplayer00o1's picture
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Look who just turned 18

Treasury Direct

cmartenson's picture
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Posts: 6035
That's funny!
saxplayer00o1 wrote:

Treasury Direct

Good one.

I hate to say this, but that number has more than fully doubled from when I first began blogging about it back in 2007....

How did we go that far without a bond market revolt?

ckessel's picture
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Posts: 487
Exponential fiat at it's finest.

Wow. A doubling in 7 years! I never would have thought it possible. And we continue to observe the greatest failing of the human intellect as Albert Bartlett mentioned .............good grief!


saxplayer00o1's picture
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