Daily Digest

Image by ST33VO, Flickr Creative Commons

Daily Digest 5/29 - How To Survive A Banking Crisis, The Importance Of Energy Costs To The Global Economy

Friday, May 29, 2015, 9:24 AM

Economy

Why I’m Looking Forward to the Next Big Crash (thc0655)

This was not exactly the answer they were looking for… And there’s not enough time in an interview to explain why this view makes any sense at all. The audience must have thought we had lost our mind.

We also had a meeting with our old friend and editor of the Gloom, Boom & Doom Report Marc Faber yesterday. He helped make sense of our “pessimism.”

Why Energy Costs Are So Important To The Global Economy


But, energy researchers asked long ago whether productivity growth might be affected by changes in the quality and cost of energy inputs. Authors of a paper entitled "Energy and the U.S. Economy: A Biophysical Perspective" which appeared in Science in August 1984 noted the tight correlation between economic growth and energy consumption. They also noted that labor productivity increased with increasing energy consumption per employee. While not dismissing the effects of technological change, they believe that energy has had a central role in the persistent rise in labor productivity witnessed for most of the last century up to the time of publication...

How to Survive a Banking Crisis (thc0655)

Europe has routinely cancelled currencies in the past, and they will use that option again if they suddenly decide to move to electronic, perhaps in October. I highly recommend that the cash you hoard not be euros – use U.S. dollars instead. The U.S. has never cancelled its currency, and it may be much harder for the U.S. to cancel currency overnight given the huge amount of U.S. dollars that circulate around the world.

The Rise of Social Liberalism and G.O.P. Resistance (jdargis)

We as a country may still be engaged in a vigorous debate about the proper size and function of government, and about which parties and candidates could best steer America in the right direction, but one thing is less and less debatable: We are rapidly becoming a more socially liberal country.

How Silver Miners Should Help Solve Silver Price Manipulation (Taki T.)

The only way of demonstrating just how extreme the day’s production measurement is in silver is through comparison with other commodities. One can’t objectively compare without first coming to a sensible common denominator or base reference metric. Not to be too simple, all physical commodities, by definition, are physically produced and regulated futures markets are derivative contracts based upon those physical commodities. Therefore, the most logical way of spotting any aberrations between the size and potential price influence of futures contracts is by comparing based upon the daily world production of each commodity.

When Will Self-Driving Trucks Destroy America? (jdargis)

But my objections are actually to the understanding of the trucking industry works and of self-driving vehicles. Fully automated trucks, with no drivers at all, are probably going to arrive later than Santens thinks, take longer to roll out than he projects, and displace fewer workers than he thinks they will. I'm not saying it will never happen. I'm just skeptical that this is going to be a major policy problem in the next two decades.

Driverless cars are going to make some people puke (jdargis)

Sivak calculates that between 6% to 10% of American passengers in self-driving cars would experience motion sickness often, usually, or always. The percentage is even higher in other countries. In India—where people are more likely than their American counterparts to say they would watch video, text, read, and work while riding in self-driving cars—between 8% and 14% of people will often experience motion sickness, Sivak estimated.

Texas Storm Victims Start Cleaning Up, Even as Rain Still Falls (jdargis)

Rain has continued to fall across the region throughout the week, bringing new flooding on Thursday to parts of Texas, Louisiana and Oklahoma, with forecasts of more to come in the next few days. This has been the rainiest month ever recorded in Texas, with a statewide average of more than 7.5 inches and Austin at about 17 inches.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/28/15

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."

1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments