Daily Digest

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Daily Digest 5/19 - Markets Are in a 'Twilight Zone', Get Ready For A Solar Boom

Tuesday, May 19, 2015, 9:38 AM

Economy

Bank of America: Markets Are in a 'Twilight Zone' and It's Time to Hold More Cash and Gold (Yoxa)

nvestors remain trapped in “The Twilight Zone”, the transition period between the end of QE and the first rate hike by the Fed, the start of policy normalization...until (a) the US economy is unambiguously robust enough to allow the Fed to hike and (b) the Fed’s exit from zero rates is seen not to cause either a market or macro shock (as it infamously did in 1936-7), the investment backdrop will likely continue to be cursed by mediocre returns, volatile trading rotation, correlation breakdowns and flash crashes. For this reason we continue to advocate higher than normal levels of cash, adding gold and owning volatility in mid 2015.

Obama will restrict grenade launchers, military equipment from local police (Jason B.)

The presidential order established a "controlled equipment" list, with tightened requirements before federal agencies can transfer equipment to local cops. These include riot control equipments and drones. Federal agencies will also require local police to provide more data so the government can better track equipment.

Local police can still bypass the federal restrictions and bans by buying the equipment from private sellers.

When It Comes to Wage Abuses, It’s Not Just the Nail Salons (jdargis)

Immigrants are the pilings of the New York economy, the providers of low-cost, seamless comforts like 24-hour takeout food, cheap nail salons, all-night gas stations, nonunion construction workers. Some entered the United States legally; others did not. The ability of unscrupulous employers to steal wages can take your breath away.

Engineered virus protects bacteria while eliminating antibiotic resistance (jdargis)

To make it useful to us, the researchers added a second set of genes for targeting RNAs. These directed the CRISPR-Cas9 system to cut up antibiotic resistance genes. This worked as expected: λ infected cells couldn't pick up the antibiotic resistance genes and, if they had any before the infection, they were lost. The bacteria remained susceptible to antibiotics.

New Texas law bans cities from banning fracking, drilling (Jason B.)

Abbott said Monday he was protecting private property rights from the "heavy hand of local regulation."

He saw no contradiction in new state regulations superseding local voters' will, saying he believes "individuals have a much better idea how to run their own lives than do a bunch of government officials."

Get Ready for Solar Boom From China Plants as Asia Demand Swells (Jason B.)

China, in a pact with U.S. President Barack Obama, agreed in November to get 20 percent of its energy from renewable sources by 2030, with its total carbon emissions peaking the same year. To reach that goal, the Chinese government earlier this year boosted its target for 2015 solar installations to 17.8 gigawatts from about 12 gigawatts.

Oil Prices Will Fall: A Lesson In Gravity (Tom K.)

The principal reason for the oil-price collapse is a production surplus–more supply than demand for oil. The latest data from EIA indicates that the surplus is the greatest since the current oil-price collapse began. In other words, the cause of the price collapse is getting worse, not better!

Water level in Lake Mead, largest reservoir in the US, drops 150 feet in 14 years (Jason B.)

Several of the lake’s marinas have either relocated or closed, leaving docks that can accommodate nearly 300 boats sitting on dry, cracked earth. A hotel near the lake has closed and been abandoned, its empty swimming pool looking over the dry lakebed.

High winds kick up mini dust storms on the barren Boulder Beach and a fine dust covers cars driving down dirt roads that were once underwater.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/18/15

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."

11 Comments

Time2help's picture
Time2help
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Vote for Nobody

Courtesy the Hedge:

saxplayer00o1's picture
saxplayer00o1
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Echo Foundation honors Ben Bernanke

 

"The foundation, which brings world-renowned humanitarians to Charlotte to deliver messages promoting social justice, will award Bernanke with the first Sandra and Leon Levine Medal for Life at 6 p.m. Sept. 17 at the McGlohon Theater at Spirit Square in uptown.

The award honors people who “have chosen to take risks within their own sphere of influence – to challenge, nurture, and give life to productive change,” according to the foundation."

 

 

 

Time2help's picture
Time2help
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Re: Echo Foundation Honors Ben Bernanke

KugsCheese's picture
KugsCheese
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Time2help wrote: Courtesy the
Time2help wrote:

Courtesy the Hedge:

 

No content in link?

Arthur Robey's picture
Arthur Robey
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An Australian Pickle.

Our dear leader Tony Abbott  (the rabbit) is in a bit of a pickle.  Iron ore and coal are fast becoming lame donkeys and "have-a-go" Tony is urging us all to become entrepreneurs to wean the economy off the Dutch disease.

What to do? What to do?

Lets see. 

  • We have a large underemployed workforce
  • We are reasonably well placed financially. 
  • There is a growing demand for Solar cells
  • Evidence is mounting that something mysterious is happening over in Cold Fusion
  • Australia has lots of sunshine.

But he with the earnest, worried look doesn't know what to do. Can somebody please help him out.

Mmmm. Edit: Perhaps CAF is right and there is a Grand Plan and Asia has been nominated as the manufacturerer of the world. What then is Australia's part? Bit player? Perveyor of fine beach sand?

It could be worse.

reflector's picture
reflector
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Rob Kirby-Extreme Reduction in Standard of Living Guaranteed

a great interview, greg hunter of usawatchdog.com interviews rob kirby, discusses china gold holdings, IMF rebalancing, usa militarism, and the global reset:

Rob Kirby-Extreme Reduction in Standard of Living Guaranteed

 

 

reflector's picture
reflector
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china holds 30,000 tons of gold?

here is an article by bill holter on jim sinclair's jsmineset, which also references the 30,000 tons of gold allegedly held by china, as stated in the pravda article:

http://www.jsmineset.com/2015/05/19/in-the-news-today-2198/

well-written article, lots of good analysis. i hope bill is right and this strategy by russia & china does indeed muzzle the usa's attempts to make further war without the need for armed conflict.

Arthur Robey's picture
Arthur Robey
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A Proud History

No wonder my Dad just wanted to go Home. And No thank you, he did not want a holiday in England.

Hellstorm - The Real Genocide of Nazi Germany (Do…:

robie robinson's picture
robie robinson
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Bankers Slave's picture
Bankers Slave
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Forbidden historical revelations

Jim H's picture
Jim H
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Loved it Robie.. Thank you

From the Eisenstein piece you linked;

Who can know the effects of the story of The Woman Who Chose to Plant Corn? What I do know is that such choices operate levers of power that are invisible to our culture’s Story of the World. They invite synchronicity and induce the unexpected. They bring us to places we didn’t know existed. They create movement in a new direction, whereas abiding by the conventions of the dominant system merely adds to its inertia.

We are done with a world in which the logic of power is more important than the corn. When enough people live by that, the powerful will make different choices as well, acting in their role as barometers and channels of collective consciousness.

Yes to the movement.   

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