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Daily Digest 3/20 - Laughing All The Way To The Crash, "Market Mania" Will End By "Revolution, Taxes, Or War"

Friday, March 20, 2015, 10:13 AM

Economy

Paul Tudor Jones Warns This "Disastrous Market Mania" Will End "By Revolution, Taxes, Or War" (pinecarr)

This is not an argument against progress, Tudor emphasizes. “I want that electric car, or the jet packs that we all thought we’d have by now.” But he’s hoping that increased wealth will bring with it a stronger sense of corporate responsibility. “When we begin to put justness on par with profits, we get the most valuable thing in the world. We get back our humanity.”

Laughing All The Way To The Crash (jdargis)

After the Fed released its 2009 transcripts two weeks ago, we undertook the task of parsing every laugh going back to 1990, the earliest year with searchable transcripts. (This task was made less groan-inducing by the fact that Ben wrote a program to do it for us.) We set about this project without any hope of finding a meaningful trend in the data, yet we came away with a telling one: Starting in 2000, the frequency of laughs per transcript page grew steadily until late 2007, when the effects of the housing crash were starting to be felt—and then the laughter dropped precipitously.

Recycling Unused Medicines to Save Money and Lives (jdargis)

Now, one day each quarter, Kirchner logs on to a web-based service created by a nonprofit organization called Sirum, which was founded by three young Stanford graduates: George Wang, Adam Kircher and Kiah Williams. “We’ve been compared to a Match.com for unused medicine,” said Williams. “Our goal is to save lives by saving unused medications. We thought we could use technology to bridge this gap between surplus and need.”

Brazil’s Slumping Economy and Bribery Scandal Eat Away at Dilma Rousseff’s Popularity (jdargis)

Ms. Rousseff’s fall from grace has been fast, as calls for her ouster have grown louder over the revelations of bribery on an epic scale at Petrobras on her watch. Her approval rating plunged to 13 percent in March from 23 percent in February, according to a public opinion survey released on Wednesday by Datafolha, a Brazilian polling company. The poll, conducted on March 16 and 17 in interviews with 2,842 people, had a margin of sampling error of plus or minus 2 percentage points.

Scientists Seek Ban on Method of Editing the Human Genome (jdargis)

The technique holds the power to repair or enhance any human gene. “It raises the most fundamental of issues about how we are going to view our humanity in the future and whether we are going to take the dramatic step of modifying our own germline and in a sense take control of our genetic destiny, which raises enormous peril for humanity,” said George Q. Daley, a stem cell expert at Boston Children’s Hospital and a member of the group.

Majors Could Be The Big Winners Of The Oil Price Crash (Evan K.)

The dominos in the shale sector are starting to fall, as oil and gas companies succumb to the pressure and file for bankruptcy leaving assets behind for the majors to scoop up at bargain prices.

Obama's Green Gambit (jdargis)

All the same, a global climate accord is what last November’s greenhouse gas agreement with China was leading up to. That’s what a big focus of his talks with Indian Prime Minister Narendra Modi was in New Delhi in January. And that’s why aides have been traveling to Lima, Bonn and Geneva, setting the terms for a deal that’s far bigger than the one to which Obama unenthusiastically committed in 2009 in Copenhagen.

What The Heck Is The Trans-Pacific Partnership And Why Should You Care? (jdargis)

Additionally, there are provisions that would allow foreign investors to sue governments of another country when they believe there has been a violation of their property rights, meaning “public policies that are good for health,” such as improved nutrition labeling on food, restrictions on alcohol and health warnings on tobacco products could be challenged by companies under the TPP.

“This not only damages health when good public policies are taken away, but it often deters governments from enacting new policies for fear of litigation,” says Hirono.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/19/15

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."

7 Comments

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Farmland without farmers

The landscapes of our country are now virtually deserted. In the vast, relatively flat acreage of the Midwest now given over exclusively to the production of corn and soybeans, the number of farmers is lower than it has ever been.

(The) contact between land and people is now brief and infrequent, occurring mainly at the times of planting and harvest. The speed and scale of this work have increased until it is impossible to give close attention to anything beyond the performance of the equipment. The condition of the crop of course is of concern and is observed, but not the condition of the land.

http://www.theatlantic.com/national/archive/2015/03/farmland-without-farmers/388282/

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Thetallestmanonearth's picture
Thetallestmanonearth
Status: Gold Member (Offline)
Joined: Feb 28 2013
Posts: 320
re: Tall

Wonderful article, but the comments section really put a dent in the good feelings welling up after reading it.  The Atlantic is probably as good an indicator of mainstream sentiment as any and those people clearly do not see the value in living in communication with the land as Wendell Berry so eloquently encourages. I guess I am guilty of a limited world view by choosing to pay attention only to the media I wish to consume, but I really thought we had more public support and traction in the back to the land 2.0 movement.

Oh well, their opinions won't keep my fingers out of the dirt.

sand_puppy's picture
sand_puppy
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Posts: 1763
The Himalayan Mountain Peaks --short video

A beautiful 2 minute video of the Himalayan Mountains.

http://fb-579.lifebuzz.com/himalayas/

To up lift my spirits.

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
I was disappointed by

I was disappointed by comments to the Berry article as well

Thetallestmanonearth wrote:

Wonderful article, but the comments section really put a dent in the good feelings welling up after reading it.  The Atlantic is probably as good an indicator of mainstream sentiment as any and those people clearly do not see the value in living in communication with the land as Wendell Berry so eloquently encourages. I guess I am guilty of a limited world view by choosing to pay attention only to the media I wish to consume, but I really thought we had more public support and traction in the back to the land 2.0 movement.

Oh well, their opinions won't keep my fingers out of the dirt.

People do not understand that mining soil fertility and fossil groundwater is inherently an unsustainable activity. They also do not understand that our food and water are ultimately provisioned by natural, not man made processes.

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
Humor....gallows humor
saxplayer00o1 wrote:

Headlines:

  1. BOJ Kuroda says no sign of "currency war" brewing in world (Japan)

Saxplayer, so many in your (as usual) excellent list I could comment on so I will start at the top:

TOKYO, March 20 (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday dismissed views that the massive monetary stimulus programmes deployed by advanced economies were triggering a "currency war" of competitive exchange-rate devaluations.

Heh.

Brings to mind this scene for some reason.

For those who don't know, that's the (in)famous Lt. Frank Drebbin of the Naked Gun movie series explaining to the gathered crowd that there's "nothing to see here! Move along! Nothing to see..."

Perhaps we should start referring to the BoJ governor as the honorable Haruhiko Drebbin.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066

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