Daily Digest

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Daily Digest 2/6 - Stock Market Trend Forecast 2015, What Piketty And Summers Don't Say About Income Inequality

Friday, February 6, 2015, 12:25 PM

Economy

What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality (Doug A.)

We’ve got to have a real social consensus that the way things are going is dangerous and unacceptable, and an understanding that it will take seriously progressive taxation to make a dent in the problem. But I am not optimistic about the prospects. Through various channels ten percent of national income has been transferred to an über class. Without the political will, that sort of change is difficult to undo.

Dow Stock Market Trend Forecast 2015 by Nadeem Walayat (Adam)

Yes the stocks markets are manipulated where the manipulation reveals itself in the price charts. However, how do you think the rich continue to get richer every year whilst the rest (workers) have seen their earnings stagnate or FALL for a decade!

Encouraging Signs: This Is a Great Jobs Report Across the Board (jdargis)

But the beauty in this report was in the more subtle indicators it offered. That uptick in the unemployment rate? It happened not because fewer people had jobs, but because the size of the labor force rose by a whopping 703,000 in January after annual population adjustments. That was enough to drive upward the proportion of Americans in the labor force and the proportion holding a job.

Striving For The Perfect Diet Is Making Us Sick (jdargis)

Such draconian diets can lack essential nutrients, and they make the vitamins and minerals a person does get from meals of exclusively, say, leafy greens, impossible for the body to absorb. This can lead to fragile bones, hormonal shifts, and cardiac problems, along with psychological distress and entrenched, delusional thinking. In other words, the opposite of the intended effect.

U.S. West Coast Ports May Shut in 10 Days, Shippers Say (Suzie G.)

Users of the biggest U.S. container ports have faced slowdowns and backups since mid-2014, with congestion worsening in November as unionized dockworkers reduced productivity at several locations, according to the maritime association. With prospects growing of a coastwide shutdown, some shippers say they’re shifting to backup plans.

Optimism Remains In North Dakota, But For How Long? (Evan K.)

Ordinarily, a good way to gauge the business climate of a region or a state is to look at its employment statistics. So you might expect to see the jobless rate in North Dakota to be rising as the price of oil drops. But in North Dakota, the poster child of the US boom in shale oil, the unemployment rate in December 2014 was just 2.8 percent, just a tick above the 2.5 percent recorded in April, two months before the big slide in oil prices began. And its payroll grew by 5.4 percent, or more than 24,000 workers, last year. “This won’t be a bust,” Harold Hamm told Bloomberg. Hamm is the founder and CEO of Continental Resources Inc., the largest leaseholder and producer in the Bakken shale region of North Dakota and Montana. “There’s plenty to do.”

Falling Oil Prices Have North Dakota Migrants Rethinking The Boom (jdargis)

A year ago, as part of our series on the Great Plains oil rush, we brought you the story of a 36-year-old father who had recently lost his job when one of the last major timber mills in the Northwest shut down. After several years struggling to find steady work and even after going back to school, Rory Richardson decided to commute 550 miles from his home in far western Montana, to a place where jobs are plentiful - the oil fields of North Dakota. But after a little more than a year, he and his family have decided the toll is just too great.

The Emotion Which Has a Wonderful Protective Effect on Mind And Body (Arthur Robey)

“That awe, wonder and beauty promote healthier levels of cytokines suggests that the things we do to experience these emotions — a walk in nature, losing oneself in music, beholding art — have a direct influence upon health and life expectancy.”

California Farmers Cope with Fourth Year of Drought (Richard B.)

Unfortnuately, just last week the California Department of Water Resources conducted its second manual snow survey of the season. Officials discovered while the situation is better than it was in December, the snow pack is still way below average with the snow water equivalent to only 2 point 3 inches. That's only 12 percent of average and extremely disheartening, as the snowpack supplies about 30 percent of California's water needs in the spring and early summer, including vital farm irrigation.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/5/15

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."

3 Comments

Time2help's picture
Time2help
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saxplayer00o1
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pinecarr's picture
pinecarr
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Great article, Arthur!

What a sweet message on the importance of weaving experiences that bring awe, wonder and beauty into our daily lives!:) 

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