Daily Digest 2/22 - The Coming Storm, Let Food Freedom Ring
The coming storm (Afridev)
The potential of these dislocations to derail the UK’s economic recovery has not been lost on our policymakers. The Bank of England’s Monetary Policy Committee has comprehensively surrendered the idea of finally raising interest rates: its one member who had been voting in favour joined the more pessimistic majority earlier this month. The Chancellor, meanwhile, has been at pains in recent speeches to warn of the “cocktail of risks” facing the British economy. There seems little doubt, in other words, that the sudden acceleration of uncertainty on global financial markets is serious. But why is it happening – and what does it mean?
But the bigger issue with these P2P -based cameras is that while the user interface for the camera has a setting to disable P2P traffic (it is enabled by default), Foscam admits that disabling the P2P option doesn’t actually do anything to stop the device from seeking out other P2P hosts online.
Fiscal Stimulus of Consumption (Wilson S.)
Indeed, there have been decades of economic stimulation in America consisting of: generally falling official interest rates since 1980 from 19 percent to near zero now; and increasing government budget deficit spending from post-war zero balances, on average, to over 10 percent of gross domestic product (GDP) in 2009. Cognitive dissonance has been blind to the fact that US consumer spending has been very responsive to economic stimulation, as private consumption and total consumption both rose in secular trends since the Second World War (WW2).
Tyson worked for Adam Swart, a recent UCLA grad, who runs a company called "Crowds on Demand," which hires actors to attend politicians' campaign meetings, and to deliver scripted dialog in the guise of concerned citizens. Swart says that he has been paid by "dozens of campaigns for state officials, and 2016 presidential candidates" whom he won't name, because if he "did, nobody would hire us."
Let Food Freedom Ring (Aaron M.)
Labeling laws have hampered many local and small farmers from accessing the market. The label police create unprecedented barriers to market access for small entities. Having fought these battles first hand, I don’t want any more labeling regulations. If labeling restricts choice and options in the market, why do we want more labeling regulations? The fact is nobody has to buy GMO food. Know your farmer, know your food. This kind of requirement simply reduces the search for local foods because people feel like they have all the information they need at the supermarket. I’m in favor of eliminating the supermarket, not enabling the supermarket with false security so folks quit buying local.
It Has Begun (GE Christenson)
T-Bonds (monthly chart) look, well, crazy. For a start, who lends capital to insolvent governments for 30 years at 2%? Worse, who lends capital to insolvent governments for 10 years at negative rates? You “benefit” from guaranteed capital destruction and are repaid in a devaluing currency? Desperation? arkets have gone insane? The new normal? Increase debt to solve an excess debt problem? QE did not work – so the central banks must not have done enough of it? Strange and getting stranger, or just utterly insane?
Overall, imports by states in the Middle East increased by 61%; imports by European states decreased by 41% over the same period. Britain sold more weapons to Saudi Arabia than to any other country. Saudi Arabia is also the biggest US arms market and buys more American arms than British, the report shows.
Earlier this week, Baghdad extended an offer to pay the salaries of the KRG’s public employees in return for a halting of unilateral oil exports by the Kurds. Both sides need this deal. The KRG is struggling to pay salaries, and protests are mounting—threatening the stability of what was not long ago the only peaceful and secure place in all of Iraq.
Gold & Silver
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