Daily Digest

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Daily Digest 3/5 - The Original Corporate Raiders, Fighting The Plastic Bag Lobby

Thursday, March 5, 2015, 11:01 AM

Economy

Signs to Watch for a Major Peak in Stocks and Impending Bear Market (adam)

The second technical sign to look for is a major crossover in the MACD (moving average convergence-divergence) indicator shown in the bottom panel. This is often used by technical analysts as a buy and sell signal. As shown by the dotted lines, a MACD crossover occurred in May of 2000 and December of 2007. Currently, we see the market has steadily lost momentum since the beginning of 2014 but has yet to issue a sell signal. A sustained break below the 12-month moving average may trigger such an event. That brings us to the third technical signal we need to watch.

The Demolition Of Workers' Comp (jdargis)

The changes, often passed under the banner of “reform,” have been pushed by big businesses and insurance companies on the false premise that costs are out of control.

In fact, employers are paying the lowest rates for workers’ comp insurance since the 1970s. And in 2013, insurers had their most profitable year in over a decade, bringing in a hefty 18 percent return.

The East India Company: The original corporate raiders (Chris M.)

Using its rapidly growing security force – its army had grown to 260,000 men by 1803 – it swiftly subdued and seized an entire subcontinent. Astonishingly, this took less than half a century. The first serious territorial conquests began in Bengal in 1756; 47 years later, the company’s reach extended as far north as the Mughal capital of Delhi, and almost all of India south of that city was by then effectively ruled from a boardroom in the City of London. “What honour is left to us?” asked a Mughal official named Narayan Singh, shortly after 1765, “when we have to take orders from a handful of traders who have not yet learned to wash their bottoms?”

Investing in Utility Stocks the Right Way (Tyler K.)

As the Oracle of Omaha himself proclaims in his annual letter, utilities offer “recession-resistant earnings.” That’s because no matter what economic situation we are in — depression, recession or boom times — we all need power. Barring a management-led mishap, regulated power companies are assured to make a profit.

The regulatory component here is extremely important. The power market is forever changing. With solar, fuel cell and other new technologies coming online, there will have to be some adjustments in the power markets. But I don’t think it will ever fully abate from a regulated market.

Small Quaker Group Takes Aim at Big Bank and Wins (jdargis)

To escalate the pressure, in 2012 we walked 200 miles to the bank's corporate headquarters in Pittsburgh and told them that we'd be back, willing to risk arrest again if they didn't change their policy. When they refused to comment, we returned the following spring and sang the old union song "Which Side Are You On?" to each member of the PNC board in the middle of their 2013 shareholder meeting. They shut the meeting down in seventeen minutes. We also began challenging individual PNC leaders when they least expected it, like board member Jane Pepper who traveled to England to lead a garden tour and was met by British Quakers bearing chocolates and signs demanding PNC stop investing in mountaintop removal.

Global Crude Oil Production Growth Grinding To A Halt (Evan K.)

This is the third in a monthly series of posts chronicling the action in the global oil market in 13 key charts. The February 2015 post is here. EIA oil price and Baker Hughes rig count charts are updated to end February 2015, the remaining oil production charts are updated to January 2015 using the IEA OMR data. The main oil production changes from December to January are:1. Global oil production has now been flat, just over 94 Mbpd since September 2014 (5 months). 2. The fall in the oil price reversed in February. The low point for Brent and WTI was reached on 13th January when Brent hit $45.13. The bounce came on news of plunging US drilling rig count but has been much more muted for WTI compared with Brent. The US glut of LTO appears to continue. 3. The main dynamic statistic has been the plunge in US oil rig count down 237 rigs for the month of February. Gas rig count is also heading down at the more sedate rate of 39 rigs for the month.

Salmon freezing to death in Nova Scotia (westcoastjan)

Cooke Aquaculture spokesperson Nell Halse told FIS salmon can survive in below-freezing temperatures, but a superchill can result in a spike in mortality rates.

In January, environmentalists expressed concern after hundreds of dead fish turned up in Cape Breton's Bras d'Or lake. Experts believe that January's unseasonably warm weather may have fooled the fish into swimming into the area, resulting in an "error of judgement" that led to their death.

A plastic bag lobby exists, and it’s surprisingly tough (jdargis)

Last year, California became the first state to pass a statewide ban on plastic bags in stores. But the law, which was set to go in effect for supermarkets in July, has been put on hold after the American Progressive Bag Alliance submitted a petition with over 800,000 names. Last week, California officials announced that voters would have to ratify the law in a referendum on the 2016 ballot.

“This is a cynical ploy by out-of-state interests desperate to delay a ban already adopted in more than 100 communities across California,” a spokesperson for Gov. Jerry Brown (D) told the Associated Press.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/4/15

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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rjs's picture
rjs
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Time2help's picture
Time2help
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Joined: Jun 9 2011
Posts: 2766
Just an observation

Zerohedge seems to be turning into junk (or at least, putting out a lot more junk).  An opinion.

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1761
I don't want to make light of Russian political assassination

I realized that a couple of my posts, including the recent "Proof that Putin Killed Nemstov" cartoon and others make light of the horror of living in a system where people are killed for their political beliefs.  And I understand that Russia is one of the worst.  It is the worst, because they don't even pretend to try to appear an egalitarian society.  Bribes and intimidation is the normal order of the day for political dealings.

I also share Catherine Austin Fitts' view, mentioned here by DaveF, that the oligarchy has been able to kill with impunity for quite some time.  As long as "we the people" are willing to believe that political figures that drown in their own hot-tubs, hang themselves (with their hands tied behind their backs) and deliver double gunshots wounds to the backs of their own heads,  are truly "suicides," this will continue and we will not have to confront the horrifying reality that political assassinations are occurring here.

12 US top political figures murdered like Boris Nemtsov

There is something about being authentically corrupt that is (somewhat) refreshing in a perverse way.

I was very sickened to hear about a recent "Christian" president very publicly attending "worship" while hundreds of Muslim men were being tortured at Guantanamo Bay and Abu Gharaib.  The depth of the hypocrisy was what was so sickening to me.  The purpose?  To "uncover other terror cells like the one that caused 9/11."   No this is NOT what is really going on.

And the Twin Towers were detonated while full of human beings.  Then a great show of presidential grief.  Synthetically created, but real pain and grief.   All for the purpose of producing a global climate of warfare.  For power, profit and ever greater social control.

Spiral Dynamics (see chapter 8) is a developmental sociology theory that speaks to this.  ORANGE is the achievement oriented stage ("Meme") that wants to get ahead, make lots of money, and achieve-- Orange is the center-of-gravity stage for the USA.  There is a developmental cul-de-sac that can happen, called by some the "Mean ORANGE Meme" (MOM) where the subsequent GREEN Meme (compassion and sensitivity) is failing to develop and the preceding BLUE Meme (rule based morality) is lost.  The MOM has learned that it can increase control and wealth with fear and terror and does not have the rule based morality of BLUE to say "this is not right," nor the (GREEN) compassion for other human beings that makes torture deeply repulsive.

This MOM finds that by pretending to be moral (BLUE), successful (ORANGE) and compassionate (GREEN) it can continue to lead by covertly using torture, assassination, bribes, global drug trafficking to finance covert ops, warfare for the purpose of controlling resources and extracting wealth from other peoples and countries.  This type of action by the MOM is also called the "RED underbelly" of western civilization.

MOM requires that the populous not know.  BLUE, healthy ORANGE and GREEN would never permit this RED underbelly if they knew.

But we really don't want to know about it.  It is much more comfortable to say "that's just a bunch of conspiracy theory" and "that is completely unproven."

In our ignorance, the MOM continues to torture, assassinate, import drugs and wage wars for profit.

Ignorance is bliss.  Until it isn't.

 

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