Daily Digest

Image by lwh50, Flickr Creative Commons

Daily Digest 11/21 - The Koch Intelligence Agency, TPP Clauses Explained

Saturday, November 21, 2015, 10:59 AM

Economy

For Caterpillar The Depression Has Never Been Worse... But It Has A Cunning Plan How To Deal With It (sand_puppy)

... but global retail sales just posted a massive -16% drop in the past month, after dropping 9% a year ago and another 12% in 2013, this was the biggest annual drop since early 2010. As the chart below shows, CAT has now suffered a record 35 months, or nearly 3 years, of consecutive declining annual retail sales - something unprecedented in company history, and set to surpass the "only" 19 months of decling during the great financial crisis by a factor of two!

This Company’s Stockpiling Gold — And You Should Too (Tiffany B.)

And to be clear, Overstock owns physical metal, stored in a secure, offsite location. Management is wise enough to avoid the toxic junk known as gold exchange-traded funds (ETF). Paper gold will prove that it’s worth about as much as paper in a true crisis. When gold prices move unexpectedly higher, the market for all the gold IOUs and swaps and various financially engineered gold transactions face their own potential crisis that will cause havoc among ETF owners.

Baltic Dry Shipping Index Drops to All-Time Low (sand_puppy)

The Baltic Dry Index, a measure of shipping rates for everything from coal to ore to grains, fell to 504 points on Thursday, the lowest data from the London-based Baltic Exchange going back to 1985. Among the causes of shipowners’ pain is slowing economic growth in China, which is translating into weakening demand for imported iron ore that’s used to make the steel.

French Say Assad Must Go, Assad Responds “No Thanks, Get Serious” (goldrunner1)

Even after the Paris attacks, an elaborate false flag operation that saw well over a hundred innocent civilians brutally murdered by the hands of ISIS-linked NATO patsies (and apparently unwilling patsies), the French government is holding to the nonsensical line that Bashar al-Assad, the number one enemy of ISIS, must step down and relinquish power.

Rand Paul: “Look where ISIS gets its weapons from” (goldrunner1)

Right now ISIS has a billion dollars’ worth of U.S. Humvees, they have a billion dollars in cash they stole from us and they pay their soldiers with but they have anti-tank weapons and missiles they fire from the shoulder that were basically given to people in the Syrian civil war and taken by ISIS.

The Koch intelligence agency (richcabot)

The competitive intelligence team has gathered on-the-ground intelligence from liberal groups’ canvassing events in an effort to assess the technology and techniques of field efforts to boost Democrats, according to the sources. And they say the team utilizes high-tech tactics to track the movements of liberal organizers, including culling geo-data embedded in their social media posts.

Terrible TPP Clauses Explained in Plain English (richcabot)

Without mass education on this subject, it is unlikely that such massive protests can derail this TPP deal. Given the amount of time, money and energy the multinationals have sunk into the negotiation of this agreement, it's not going down without a fight.

UnitedHealth suggests Obamacare is being gamed (richcabot)

But there was another factor behind the lowered outlook from the nation’s biggest health insurer: people signing up after the open-enrollment period that have higher claims. Or, less charitably—people are gaming Obamacare.

The Stench of Freddie Mac Is Back -- An $18 Billion Spree Of Crony Capitalist Thievery (richcabot)

Instead, its sole effect will be to put the taxpayers in the business of highly leveraged Wall Street deal making. That is, it will fund what amounts to apartment company LBOs being undertaken by the largest players in the private equity world including Barry Sternlicht's Starwood Capital Group, Steve Schwarzman's Blackstone Group and John Grayken’s Lone Star Fund.

‘Road play’: China rail makers forecast to sell $102bn by 2020 (pinecarr)

As more nations seek to upgrade their transportation networks, China expects that the Belt and Road Initiative will increase its exports of high-speed rail technologies and related products.

Globally, the rail transit market is likely to grow 3.3% annually in the next five years, reported Economic Information Daily. Demand for vehicle equipment is projected to reach 53 billion to 61 billion euros.

Shanghai Gold Exchange Deliveries Compared to Deliveries on the Comex (pinecarr)

Gresham's law is an economic principle that states 'when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.'

Gold & Silver

Click to read the PM Daily Market Commentary: 11/20/15

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."

2 Comments

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2236
Global Trade Just Snapped: Container Freight Rates Plummet 70%

From ZH, "Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks",  http://www.zerohedge.com/news/2015-11-21/global-trade-just-snapped-container-freight-rates-plummet-70-3-weeks

"This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week - it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before... 2008! "It is looking scary for the market and it doesn’t look like there is going to be any life in the market in the near term."

The article adds:

But even more concerning is this collapse is occurring just as the containerized freight industry enters its golden seasonal period...

20151119_bdiy2_0.jpg

Now where have we seen this massive unprecedented decoupling before?

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2765

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