Daily Digest

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Daily Digest 10/17 - 'Dieselgate' Could Cost VW Up To $87B, The Value Of Your Body Parts

Saturday, October 17, 2015, 8:28 AM

Economy

Price Check: How Companies Value Body Parts (richcabot)

Injured workers are entitled to compensation for permanent disabilities under state workers’ comp laws. But Texas has long allowed companies to opt out and write their own benefit plans. Benefits for the same body part can differ dramatically depending on which company you work for.

Chicagoans' Cost to Exit Swap Agreements Approaches $300 Million (Cornelius999)

“I don’t think the public should be gambling with its funds,” said Richard Ciccarone, Chicago-based chief executive officer of Merritt Research Services, who has been analyzing municipal finance since the 1970s. “Save the speculation for people who risk their own money, not for taxpayers.”

A Liquidity Crisis Hit The Banking System In September (DG)

What’s even more interesting is that the spike-up in reverse repos occurred at the same time – September 16 – that the stock market embarked on an 8-day cliff dive, with the S&P 500 falling 6% in that time period. You’ll note that this is around the same time that a crash in Glencore stock and bonds began. It has been suggested by analysts that a default on Glencore credit derivatives either by Glencore or by financial entities using derivatives to bet against that event would be analogous to the “Lehman moment” that triggered the 2008 collapse.

Goldman Sachs Fires Analysts For Cheating On "Compliance" Tests (richcabot)

But just because no one has ever manipulated, fixed, or otherwise rigged any markets yet, doesn’t mean they won’t try, which why it’s nice to know that honest firms like Goldman are on the job when it comes to watching for any kind of nefarious shenanigans. Like analysts cheating on training and compliance tests.

Guest Post: The False East/West Paradigm And The End Of Freedom (pinecarr)

I have written on the reality that Eastern political interests are just as controlled by globalists as Western political interests for years. Readers can review the considerable amount of data and evidence I have collected on Russia and Vladimir Putin in particular and the ties between the East and international financiers and well known globalists in recent articles such as 'Russia Is Dominated By Global Banks, Too', 'False East/West Paradigm Hides The Rise Of Global Currency', and 'The New World Order And The Rise Of The East'.

System that replaces human intuition with algorithms outperforms human teams (Arthur Robey)

"What we observed from our experience solving a number of data science problems for industry is that one of the very critical steps is called feature engineering," Veeramachaneni says. "The first thing you have to do is identify what variables to extract from the database or compose, and for that, you have to come up with a lot of ideas."

Green Light Silver (GE Christenson)

The U.S. national debt is huge, moving higher, and has effectively zero chance of stabilizing or decreasing in the next decade. A poorly built mobile home is more likely to survive a Category 5 Hurricane than the US national debt will decrease. Examine the chart of national debt and silver prices for the past 15 years. Silver prices will “catch up” with the drastic increase in national debt.

Will The Gold Price Close 2015 with a Gain? (Taki T.)

Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving average and is close to erasing its 2015 losses.

VW’s Dieselgate Scandal Could Cost Up To $87 Billion In Total (Evan K.)

Furthermore, the potential $87 billion in losses would be almost 7 times the German automaker’s net profit for 2014. The $87 billion figure from Credit Suisse includes costs related to owner re-imbursements, civil-criminal cases and fixing the emission problem. However, according to Credit Suisse, the biggest cost for VW would be to compensate for the ‘loss of value’ to the owners of the affected diesel cars, and this could be as high as $37 billion.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/15/15

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."

3 Comments

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Egon von Greyerz on gold, silver and the worldwide collapse

King World News has an interesting interview with Egon Von Greyerz, Founder and Managing Partner of Matterhorn Asset Management AG and GoldSwitzerland. In particular, I found his discussion on what he expects to happen in a worldwide collapse to be of interest.

http://kingworldnews.com/egon-von-greyerz-10-17-15/

Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events told King World News that the gold and silver shorts are getting nervous as the mining shares have soared 38 percent in just 16 days.

....

But we must rememberTo continue listening to the incredible audio interview with Egon von Greyerzwhere he discusses the worldwide collapse, what investors can do to prepare and protect themselves, why gold and silver are headed to new all-time highs and much more

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 3 2014
Posts: 635
Correlation is not causation?

Arthur: If 1% of the world population owns 48.2% of the world assets, does it suggest that perhaps the 1 to 2% of the world population labeled as ASPD (Anti-Social-Personality-Disorder;ICD -10 stats) could explain your cartoons's essence; or am I just "Trumping" up a correlation where none exists? Where have I heard this before? TPP anyone?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Sorry everyone.  

Sorry everyone.  I had to ask to have the Cartoon taken down. I should have read to the bottom of the page. It was copywrited. However,  you can follow ZH's link and find the page.

http://www.zerohedge.com/news/2015-10-17/european-vacation-2050

Uncle Tommy I took the essence of the Cartoon to be an attack on Political Correctness which is an attempt to silence your opponents when you are flummoxed. "That's just not nice" is not an argument. I've heard it said at a philosophy class. I walked out, never to return. I left them to pat each other on the back incestuously. No, they may not tame my mind. It's mine.

Decorum and the rules of this site prevent me from stating my case more forcefully. 

If you got something else out of the Cartoon I am not surprised, for it is impossible to say something in such  a way that it cannot be misunderstood. (The last master of communication was crucified.People still to this day, misinterpret his utterances. )

 

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