Daily Digest

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Daily Digest 4/25 - The College Degree Wealth Gap, Danger Signs in the World's Top Housing Market

Monday, April 25, 2016, 10:20 AM

Economy

Simultaneous Elderly Overpopulation, Youth Depopulation & The Impact on Economic Growth (Chris H.)

The chart below is total annual population growth broken down by OECD nations (33 wealthiest nations, representing 1.3 billion people, OECD members), BRIICS (Brazil, Russia, India, Indonesia, China, S. Africa...representing 3.4 billion people), and the RoW (Rest of the World, representing about 3 billion people). Takeaways - 1) total annual population growth peaked in 1988 and has been decelerating since falling 13% & now down 12m/yr from peak. 2) Growth has been shifting away from the BRIICS to the RoW.

Obama looks to help Cameron, Merkel avert European divide (jdargis)

Economic and cultural ties between the nations of Europe haven't been so strained since the Maastricht Treaty created the European Union in 1993. An influx of more than a million migrants last year has given new life to xenophobic political parties. Terrorist attacks in Paris and Brussels have fueled concern about the continent's lenient border controls and internal security. The British government has warned that a vote to leave the union would grievously damage both the British and European economies.

Why Haven’t Bankers Been Punished? Just Read These Insider SEC Emails (jdargis)

Kidney was on the inside at a crucial moment. Now retired after decades of service to the SEC, Kidney recently provided me with a cache of internal documents and emails about the Abacus investigation. The agency holds the case up as a success, and in some ways it was: Goldman had to pay a $550 million fine, and a low-ranking trader was found liable for violating securities laws. But the documents provided by Kidney show that SEC officials considered and rejected a much broader case against Goldman and John Paulson & Co.

Danger Signs in the World's Top Housing Market (jdargis)

As rates on housing loans increase, “companies are taking the hit out of their own profits in order to make life easier for the buyer,” said real estate mogul Ali Agaoglu, developer of the Maslak project, whose property portfolio and television presence have invited comparisons in local media to Donald Trump. “What’s important for the sector is sales, so this kind of support is perfectly natural,” Agaoglu told Bloomberg last month at an economic forum in the ski town of Uludag.

The Growing College Degree Wealth Gap (jdargis)

Among the report’s findings: When American households are organized into four income groups, 24-year-olds from the top two groups accounted for 77 percent of the bachelor’s degrees awarded in 2014. In 1970, that figure was 72 percent, suggesting that growing up in a wealthier household matters even more now in completing a degree than it did four decades ago. Graduates who hailed from households with incomes of at least $116,000—the top quarter—represented more than half of all the degrees awarded in 2014 among 24-year-olds. Students from households that earned less than $35,000—the lowest quarter—represented just 10 percent of all the degrees awarded. The report, which relied on U.S. Census and other data sources, was released by scholars at the University of Pennsylvania, Council for Opportunity in Education, and the Pell Institute for the Study of Opportunity in Higher Education.

This Six-Year Running Oil And Gas Trend Just Reversed Itself (Josh O.)

This week’s data suggest that the weakness in Asian LNG prices is likely to persist. At the exact same time that numerous new LNG export facilities are starting up globally — particularly in Australia, and to a lesser extent in America.

U.S. exporters seem to be addressing this by diverting shipments to markets like Brazil and Europe. Watch to see where growing LNG supply from the rest of the world ends up — and don’t be surprised to see prices remain low for the foreseeable future.

Amid Price Plunge, North American Oil and Gas Workers Seek Transition to Renewable Sector (Michael W.)

Last spring, when oil prices began to fall, Hildebrand banded together with like-minded coworkers and began building an oil and gas worker-led nonprofit called "Iron & Earth," which officially launched this month during a press conference in Edmonton. Through the nonprofit, the oil sands workers hope to help others who have been laid off diversify their skill sets and facilitate the necessary training to transition them to the renewable energy sector. They also want to help incorporate renewable energy projects into oil sands workers' current scope of work.

Home Gardeners are Breeding More Diverse Corn than You Can Buy (jdargis)

The study, from the University of California, Riverside, examines the genetic diversity of corn samples taken from home and community gardens run by immigrants throughout Riverside and nearby Los Angeles. It then compares them with the genetic diversity of mass-market corn: agricultural varieties as well as a supermarket variety that research indicated was often used by home gardeners.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/22/16

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."

4 Comments

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Clean water crisis threatens US

The United States is on the verge of a national crisis that could mean the end of clean, cheap water.

Hundreds of cities and towns are at risk of sudden and severe shortages, either because available water is not safe to drink or because there simply isn’t enough of it. The situation has grown so dire the U.S. Office of the Director of National Intelligence now ranks water scarcity as a major threat to national security alongside terrorism.

The problem is being felt most acutely in the West, where drought conditions and increased water use have helped turn lush agricultural areas to dust. But dangers also lurk underground, in antiquated water systems that are increasingly likely to break down or spread contaminants like lead.

http://thehill.com/policy/energy-environment/277269-a-nation-over-troubled-water

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saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4061
China's debt-shrinking machine loses its magical power

Congress Considers Plan To Restructure Puerto Rico's $72 Billion ...

NPR-5 hours ago
Puerto Rico is short of cash and at risk of defaulting on a $400 million debt payment due May 1. House speaker Paul Ryan pledged to have a plan ready by then ...

Unilever Almost Borrowing for Free Following ECB Bond-Buying Plans

Wall Street Journal-10 hours ago
In one tranche of the €1.5 billion debt sale, the Anglo-Dutch company sold €300 million of bonds maturing in 2020 with a coupon of 0%, offering investors a yield ...

1000% loans? Millions of borrowers face crushing costs

CBS News-16 hours ago
Every year, roughly 12 million people in the U.S. borrow a total of $50 billion, ... loan users end up in debt for months at a time, repeatedly taking out loans as ...

China expected to see $538 billion capital exodus in 2016, IIF says

Reuters - ‎12 hours ago‎
Since then, however, outflows have taken hold, driven mainly by foreign banks cutting credit to Chinese firms, the firms themselves paying back their debt or international investors reducing holdings of yuan deposits. Over the medium term, though ...

Over 90% of China Bond Funds Dropped Last Week Amid Default ...

Bloomberg-19 hours ago
Chinese companies are struggling with surging debt burdens as Premier Li Keqiang .... Gross, who runs the $1.3 billion Janus Global Unconstrained Bond Fund, ...

Key Saudi rate hits 2009 high amid funding squeeze

gulfnews.com-15 hours ago
The government raised 98 billion riyals ($26 billion; Dh95.94 billion) from ... sell about 120 billion riyals of debt in 2016, Saudi Fransi Capital said in October.

Nigeria's Looming Financial Crisis?

Naija247news-14 hours ago
The bank recorded a PBT of N4.7 billion as against the N4.9 billion in Q1 .... This credit crunch creates liquidity challenges for businesses that rely on debt as a ...

Brace for another $129b in budget deficits, says Deloitte Access

The Australian Financial Review - ‎12 hours ago‎
The resurgent iron ore price is a budgetary fool's gold that won't prevent another $129 billion in budget deficits over the next four years, says expert Chris Richardson. Sluggish wages growth, the strengthening Australian dollar and extra spending to ...

Alberta credit rating downgraded to double-A from triple-A due to rising debt

CTV News - ‎1 hour ago‎
... reflects Moody's view that the province's fiscal health could deteriorate further." A day after Alberta's budget came out on April 14; DBRS downgraded the province's rating to double-A from triple-A due to debt levels. The budget includes a $10.4 ...

IMF expects $500 billion revenue loss for Mideast oil exporters

Champaign/Urbana News-Gazette - ‎13 hours ago‎
Though the kingdom has been working on plans to overhaul its economy, oil still accounted for 72 percent of total revenue last year and Saudi Arabia projects a budget deficit of nearly $90 billion this year. The report said that economic growth in the ...

RBS Sees China `Black Swan' Risk From Loans for Non-Bank Finance

Bloomberg-16 hours ago
... investments and manager of $2.7 billion at Invesco Advisers Inc. in Atlanta. .... by $115 billion last year to plug a budget deficit that reached about 15 percent of ...

China's debt-shrinking machine loses its magical power

Financial Times-13 hours ago
One research firm, Gavekal Dragonomics, calls it “the magical debt-shrinking machine”. When the Chinese government first confronted a mountain of ...

Euro's next existential crisis might arrive Friday

Chicago Tribune-8 hours ago
And at the end of this week, a geeky decision in a corner of the bond market could send ... damaging it might be for Portugal if it was shut out after a downgrade.

 

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saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4061
Teach your kids this Alice Cooper song if you live in Illinois

Could Illinois budget impasse lead to no school this fall?

Chicago Daily Herald - ‎9 hours ago‎
HARRISBURG, Ill. -- School officials in Illinois are worried that lawmakers' nearly yearlong fight over a state budget could spill into summer and force some districts to close their doors in the fall. If it happens, it would be the most traumatic ...
 

Illinois impasse sparks fears of the unthinkable: No school

McClatchy Washington Bureau - ‎8 hours ago‎
Rauner is in his second year in office after campaigning on a pledge to fix Illinois' budget problems. As both sides have held firm over how to do that, Illinois has become the only state without a spending blueprint for the fiscal year that started ...
 
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
ObamaCare premiums expected to rise sharply amid insurer losses

ObamaCare premiums expected to rise sharply amid insurer losses

The Hill-17 hours ago
Health insurance companies are laying the groundwork for substantial increases in ObamaCare premiums, opening up a line of attack for Republicans in a ...
 
Practice the part that the goat does to get you ready for when you get your health insurance bill:

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