Daily Digest

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Daily Digest 4/21 - Wall Street Bets On Oil Price Rally, Live Small To Be Happy

Tuesday, April 21, 2015, 10:01 AM

Economy

Live small, be happy? The next new big thing (westcoastjan)

While the tiny house movement has been well documented, a bigger idea for smaller living space is on the rise: that of the micro-condo or tiny apartment. Driven by housing shortages and an affordability crisis in cities across the globe, these pint-sized pads — also referred to as “apodments,” micro-digs, nano-suites and micro-lofts — are being planned and promoted by developers both as luxury rentals and as an affordable entry into competitive housing markets.

The Future Of Flying (jdargis)

Many in the industry counter that flying is cheaper than ever before. “Back in 1975 it would have taken a bit more than one week’s average UK earnings to have bought a typical return air fare. Today, one week’s earnings will buy almost two return air fares,” says Iata’s chief economist, Brian Pearce. It is also true that on the rare recent occasions when flights have suddenly been grounded, such as when millions of people were stranded after the eruption of Iceland’s Eyjafjallajökull volcano in 2010, passengers quickly realised how much they depend on flying.

The Government Killed 8 Eagles, 730 Cats, and a Million Starlings Last Year (jdargis)

Mostly, the federal government is killing starlings. Wildlife Services used a toxicant called DRC-1339 to ice 1,140,331 invasive European starlings in the 2014 fiscal year, in the name of protecting feedlots, dairy farms, poultry interests, and public health. Because starlings roam in enormous flocks (known as "murmurations"), they also tend to produce extreme quantities of excrement in urban areas, putting humans at risk of salmonella or the respiratory infection histoplasmosis. They eat cherry blossoms. Occasionally, they short-circuit power substations. Starlings are bastards. (But don't blame them—blame Eugene Schieffelin, the druggist who set the birds loose in New York City's Central Park in 1890 in an attempt to populate the continent with every species of bird that existed in Shakespeare's London.)

New York Apartments, Art Top Gold as Stores of Wealth, Says Fink (jdargis)

Holdings in gold-backed ETFs totaled 1,621.7 metric tons as of Monday, 1.5 percent bigger this year after contracting 9.3 percent in 2014, according to data compiled by Bloomberg. The funds trade like shares, enabling investors to own bullion without taking physical delivery of it.

“The advent of ETFs for gold made it much easier to own gold and it really democratizes gold,” Fink said at the 2015 Credit Suisse Megatrends conference. “I don’t believe people believe gold is a great store of wealth today.”

Mutant Broccoli Has Been Enhanced To Fight Cholesterol (jdargis)

The broccoli, which goes by the name Beneforte, is bred to have very high levels of glucoraphanin, which has been linked to all the great effects listed above. Glucoraphanin is not very well understood, but is thought to fight cholesterol by retuning the way our bodies work. Typically, our bodies will naturally convert excess fats and sugars into cholesterol, but certain naturally occurring chemicals, like glucoraphanin, seem to adjust that process to reduce the amount of cholesterol our bodies produce.

Wall Street Bets On Oil Price Rally (Evan K.)

Even if they do not, a lot of new lending is coming with strings attached. High interest rates, and preferred positions that put lenders at the front of the line in the event of a default, mean that the risk of offering new credit is smaller than it appears.

Regardless, if there is anything to be gleaned from market behavior, it is that Wall Street thinks that an oil price rally is finally here.

Offshore Oil and Gas Drilling in the Southeast Atlantic: What You Need to Know. What You Can Do. (jdargis)

In a recently released 5-year report on the health of fish, mammals and habitat by the National Oceanic and Atmospheric Administration (NOAA), researchers have documented ongoing health effects on fish, sea turtles and critical habitat including coral reefs and a particularly alarming number of dolphin deaths. Dolphins living in those areas are also plagued by chronic lung disease and failed pregnancies. Despite the Gulf’s beautiful blue water, it’s a still a bleak picture.

Maybe climate science news makes a difference? (jdargis)

Seven questions were used as a measure of knowledge about climate change. This included questions about whether the globe has warmed over the last century, whether that has been caused by human activities or the Sun, and whether scientists largely agree. They also asked whether global warming is caused by the hole in the ozone layer (and it bears repeating that it is not), whether China is currently the largest emitter of greenhouse gases, and whether reducing emissions would lead to immediate cooling.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/20/15

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."

7 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1756
CHS: Healing Power of Gratitude. Ha ha

Ten Wonderful Things I'm Grateful For (Irony Alert)

Being grateful boosts your happiness. Ten wonderful things I'm grateful for.

1. I'm grateful that our choice of president has been reduced to two equally detestable dynasties or their proxies. This greatly simplifies the process of selecting a warmongering figurehead for the Empire and its bankers.

 

2. I'm grateful that I can watch a full spectrum of entertainment, ranging from depraved to dreadfully unfunny on any device at anytime. This white noise helps block out any troubling clarity of thought or urge to ask what I might feel if I wasn't constantly distracted.

3. I'm grateful that there are so many opportunities to borrow money...

 

4. I'm grateful that every food item in the store now contains sugar in one form or another...

5. I'm grateful I live in a country where the government can trample on the rights of its citizens behind a thin veil of legitimacy. After all, what terrible thing might happen if the government couldn't arrest those horrible people tearing up their front yard lawn to plant a vegetable garden?  [In the future this will be known as vegetable terrorism --sp]

 

...

9. I'm grateful that money can buy political influence so transparently, as this informal auction is open to anyone with tens of millions of dollars who wants to protect and expand their wealth and power.

 

10. I'm grateful that our mainstream media is owned by a handful of corporations, as the homogenized message they broadcast is reassuringly uniform.
 

dickey45's picture
dickey45
Status: Bronze Member (Offline)
Joined: Oct 12 2008
Posts: 77
I never see articles about a

I never see articles about a push for smaller houses - not houses on wheels, but simply less sq ft.  We are still building 1500+ sqft middle class homes.  I live in a 864 footprint square house and it feels huge for the 3 adults living here.

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1756
Michael Springmann Interview

J. Michael Springmann is slightly well known in the 9/11 Truth movement.  He is a lawyer who worked for the State Department and was stationed at the US Embassy in Jeddah, Saudi Arabia.  His job was to evaluate applicants for US visa's to see if they met criteria.  

He gives an interview with Lars Schall:   Is the whole “War on Terror” a Fraud?

The Jeddah embassy is notorious as it is the location from which 15 of the 19 alleged 9/11 hijackers were given their visa's to enter the USA.  Any impropriety in this process would further the impression of "inside job."

Springmann's book is entitled Visas for Al Qaeda.

Basically, he reports, the State Department's Jeddah office was cover for the CIA station.  There, the CIA over-ride was used to admit hundreds of Arab men to the USA [during the '90s] who did not even remotely meet criteria for a visa.  [Criteria for a visa included such issues as having a job offer or job interview, being enrolled in a college, speaking English well, having a family or relatives in the USA, etc.]

 

From the interview:

... these [Arab] guys came to the United States for training or orientation or debriefings or whatever and then they were sent back to Afghanistan as a Mujahideen [to fight against the Soviets in Afghanistan]. In the course of researching the book, I found out that there were some ten thousand of these people that came here and they were given training at the CIA’s facility called “The Farm” in Williamsburg, Virginia and also in North Carolina at Navy training facilities.

We get a picture of the USA intelligence agencies building an army of Muslim fighter to be used in various world locations.  These included areas like Bosnia and Afghanistan. 

... 15 of the 19 [9/11] hijackers got their visas in Jeddah, and in researching the book, I found out that the woman who did this was Shayna Steinger, and she was hired directly out of Columbia University with a master’s degree as an FSO4, which is a very high rank for somebody right out of school with no background, experience, or training. And she was supposed to have given very questionable answers to the 9/11 commission investigating what went on in Jeddah, yet she still has a job and she’s gotten promotions....

The reports of highly suspicious CIA visa procedures by Michael Springmann is one more facet of my impression that the 9/11 attacks were a consciously created false-flag incident in the great geopolitical chess game.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4061
Europe's debt mountain just got bigger

Europe's debt mountain just got bigger

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
banks now paying other banks to take their excess cash

European Banks Are Paid To Borrow For First Time Ever As Euribor Goes Negative -- Mario Draghi said this week that the transmission channels for European Q€ were opening up and crowed how well his cunning plan was working (by well we assume he means stocks are up). Today we get the ultimate test of that 'transmission' as 3-Month EURIBOR fell below 0.00% for the first time ever (likely wreaking havoc on European derivative pricing models). In English that means banks are being paid to borrow from one another in the interbank money-markets (which sounds a lot like a 'glut' of excess cash) seemingly confirming ICMA's de Vidts fears: "We are scared about the [repo] market freezing," as the ECB is "driving without headlights in the dark." Of course this is yet another disturbing distortion on the heels of homeowners being paid to take out mortgages...

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

Banks paying other banks to take their cash.

I used to come to this site for an Education . Now I come for the belly laughs.

reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 267
speaking of belly laughs

i LOL'ed. thanks, bloomberg:

"Holdings in gold-backed ETFs totaled 1,621.7 metric tons as of Monday, 1.5 percent bigger this year after contracting 9.3 percent in 2014, according to data compiled by Bloomberg. The funds trade like shares, enabling investors to own bullion without taking physical delivery of it."

yes, it's wonderful how 1 oz of physical gold bullion in an ETF can allow 100 "investors" to each own that same 1 ounce.

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