Daily Digest

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Daily Digest 2/21 - No Rest for the Working, South Awaits More Deadly Cold

Saturday, February 21, 2015, 11:17 AM

Economy

Crispin Odey on debt, deflation and downturn predictions (Terry)

“And Goldsmith basically says: ‘Hey, be careful about this because it is fine to have trade between peoples who have the same lifestyles and cost structures and everything else. But, actually, if you encourage companies to relocate and put their factories in the cheapest place and sell to the most expensive, you in the end destroy the communities that you come from. And there will come a point where the productivity gains from the cheapest also decline, at which point you have a real problem on your hands’ – And we are kind of there.”

A Spy Breaks His Silence: Imprisoned CIA Whistleblower Speaks Out (jdargis)

“My case was not about leaking. It was about torture,” says Kiriakou. “The CIA never forgave me for going public with the torture program, and they investigated me over the course of four years and just waited until I made a mistake."

The Shockingly Simple, Surprisingly Cost-Effective Way to End Homelessness (jdargis)

We could, as a country, look at the root causes of homelessness and try to fix them. One of the main causes is that a lot of people can't afford a place to live. They don't have enough money to pay rent, even for the cheapest dives available. Prices are rising, inventory is extremely tight, and the upshot is, as a new report by the Urban Institute finds, that there's only 29 affordable units available for every 100 extremely low-income households. So we could create more jobs, redistribute the wealth, improve education, socialize health carebasically redesign our political and economic systems to make sure everybody can afford a roof over their heads.

In Service Sector, No Rest for the Working (jdargis)

The United States decades ago moved away from the standard 9-to-5 job as the manufacturing economy gave way to one dominated by the service sector. And as businesses strive to serve consumers better by staying open late or round the clock, they are demanding more flexibility from employees in scheduling their hours, often assigning them to ever-changing shifts.

Greek Debt Vastly Overstated, Investor Tells the World (jdargis)

Although Mr. Kazarian pushes it to an extreme, his main proposition — that Greece’s debt is not as burdensome as it might appear — is not outlandish. The country must make some very large lump-sum payments this year, but in the future, Greece will pay interest rates of 2 percent and below on debt that matures in 30 to 40 years.

As Oil Prices Tank, Firms Large And Small Feel The Pain (Merle2)

"I hate to say that to a lot of my service company friends, but that's the reality," Evans says. "We've had over a 50 percent drop in commodity prices, so we've got to have a bigger drop in service costs."

Rural Bankers Deepen Bearish Outlook on Farmland Values (Richard B.)

The February farm-equipment sales index plummeted to 19.5 from 29.5 in January. The index has been below growth neutral for 19 straight months. "Farmers have become very cautious regarding equipment buying even though their purchases of seeds and other inputs have remained solid," observes Goss. This month bankers were asked to estimate the 2015 change in farm equipment sales for their geographic area. On average, a 14.4% decline in equipment sales is expected by the bank CEOs. Approximately 60% of the bankers expect reductions of more than 15%.

Still Shivering From Deadly Cold, South Awaits More (jdargis)

The severe weather began late last weekend with a large snow and ice storm, followed by a mass of arctic air that arrived midweek and sent temperatures plummeting to unheard-of lows in some areas.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/20/15

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."

6 Comments

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Shasta County California WTF!

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Disturbing

Well that's more than just a little disturbing, Banker's Slave!!

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Suicides

We can anticipate an increase of suicides because loss of employment is the leading cause of suicides. I anticipate that those who have refused the Red pill will be hardest hit as they won't have a protective narrative.

 

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
A message from Mike Maloney.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Another excellent (but disturbing) clip, Banker's Slave

"When I was a kid, we were the good guys."  Amen to that.

Although when I think about it, maybe a more accurate statement would be: "When I was a kid, it was easier to believe that we we were the good guys."

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
When I was a kid

I used to run around with toy guns wanting to be just like the good guys too! 

When I really think about it, it is not that long ago that I stopped being that kid!

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