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Daily Digest 6/14 - The 'Smart Money' Not Worried About Brexit, Why Do Bee Colonies Collapse?

Tuesday, June 14, 2016, 8:01 AM

Economy

The Smart Money That's Not Worried About the U.K. Vote (jdargis)

That's helped drive the pound to its weakest value in two months against the dollar; bets placed on further declines by hedge funds and other market players are at their biggest since June 2013. A Friday poll by ORB/Independent showing the pro-Brexit camp with a 10-point lead triggered sterling's biggest drop since February and extending its losses this year to more than 4 percent.

The Good, Bad & Ugly? (Axel M.)

Globalization. In my view, globalization doesn't hold growth back, but it provides a more level playing field. However, that's bad news for those who had in the past demanded top dollars for their services, when there are a billion others offering to provide the same service at a lower price. Technology, in some ways, provides the same challenge, as ever more complex tasks can be outsourced to machines. Those are challenges, and in my view, policy makers on both the left and the right of the political spectrum have done a poor job helping society keep pace and adjust.

The Standard 60/40 Bond Portfolio Won't Survive The Next Decade (Alex)

It takes the average return, subtracts the risk free rate, and then divides that difference by the standard deviation. The result is the excess return per unit of volatility. It basically tells you how much risk and volatility you had to endure for that extra return.

A high Sharpe ratio means you’re getting more excess return for less risk. So the higher this ratio is, the better.

The Chilling Effect of Fear at America's Colleges (jdargis)

Consider a few recent cases: Brown University, Johns Hopkins University, Williams College, and Haverford College, among others schools, withdrew speaking invitations, including those for commencement addresses, because students objected to the views or political ideology of the invited speaker. Brandeis University began to monitor the class of a professor who had explained that Mexican immigrants to the United States are sometime called “wetbacks,” a comment about the history of a derogatory term that outraged some Mexican American students. Black students at Princeton University protested against the “racial climate on campus” and demanded that Woodrow Wilson’s name be removed from its school of Public and International Affairs. The chilling effect of these kind of restrictions on speech were not lost in 1947 on Robert Hutchins, the president of the University of Chicago, who opined during the McCarthy period: “The question is not how many professors have been fired for their beliefs, but how many think they might be.”

Get Ready for the World of Driverless, Electric, Shared Cars (jdargis)

They’re wrong—for many reasons big and small. It’s easy to quibble with estimates of how fast battery prices will decline; or argue that they misunderstand the consumer appeal of electric cars. There is also a strong argument that manufacturers should be counting services rather than vehicles sold; and the role of policies pushing electric vehicles isn’t fully included in these numbers. (Case in point: Media reports say Norway is on the verge of announcing that it will phase out fossil fuel–powered cars by 2025.)

Addressing Climate Change Could Be More Costly Than Thought (Josh O.)

Kelly’s conclusions are notable in that they coincide with a recent report by the International Energy Agency. In that report, the IEA called for “concrete action” to address climate change in the wake of last year’s accord which was ratified by almost 200 nations. The IEA cites “massive changes in the energy system” that are needed to meet the goals of those accords. The IEA cites the cost of those changes and the required decarbonization as being roughly $9 trillion. For reference, that’s roughly ten times the amount of money invested by the United States in the wake of the financial crisis – actions which led to numerous protests about bailouts of Wall Street banks and financial institutions.

Why Do Bee Colonies Collapse? (jdargis)

Another major threat to American honeybees: the parasitic varroa mite (Varroa destructor), which arrived from Asia in 1987. The brownish-red bugs, no larger than the head of a pin, are now found in all 50 states. Pregnant mites enter a bee colony’s brood cells and rapidly multiply, sucking the bees’ blood, weakening their immune systems, and exposing them to disease. An unchecked infestation can wipe out a colony in less than two years. Researchers at Washington State University are testing a theory that mycelium from certain mushroom species might strengthen bees’ immune systems or even kill varroa mites outright. Early experiments offer a glimmer of hope for the pollinators.

'Biblical' moth influx threatens to devastate crops (jdargis)

An alert has been issued by researchers at the Rothamsted Research in Harpenden in Hertfordshire.

The Twitter feed @migrantmothUK reported a two mile cloud of moths on Saturday night near Leominster. One subscriber to the feed reported that it was like "driving through rain".

Gold & Silver

Click to read the PM Daily Market Commentary: 6/13/16

Provided daily by the Peak Prosperity Gold & Silver Group

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8 Comments

KugsCheese's picture
KugsCheese
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Posts: 1428
Daily Digest is the Featured Article?

Daily Digest is the Featured Article?

robie robinson's picture
robie robinson
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Posts: 1148
CCD?

thc0655's picture
thc0655
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"See Something. Say Something."

On occasion I've seen people decrying the Department of Homeland Security's PR message "See Something. Say Something," as a big move in the direction of establishing a police state in the US (eg. John Whitehead). I have no great love for the DHS, but it is constantly amazing to me in law enforcement how often people who DO see something criminal or legitimately suspicious DON'T notify law enforcement.  From my perspective, more people don't call (when they should), than do.  Now here's this report that the wife of the Orlando shooter tried to talk him out of the shooting which she knew he was planning, went with him to buy a holster and ammunition, and drove him to the nightclub to scout out the location before the massacre, AND SHE NEVER CALLED POLICE!!

http://www.nbcnews.com/storyline/orlando-nightclub-massacre/omar-mateen-s-wife-tried-talk-him-out-orlando-attack-n592051

So when the bombastic Mr. Trump called out peaceful Muslims yesterday for knowing of extremists in their midsts and not calling law enforcement, how can you fault him?

The Orlando gunman's wife has told federal agents she tried to talk her husband out of carrying out the attack, NBC News has learned. 

Omar Mateen's wife, Noor Zahi Salman, told the FBI she was with him when he bought ammunition and a holster, several officials familiar with the case said. She told the FBI that she once drove him to the gay nightclub, Pulse, because he wanted to scope it out...

Authorities are considering filing criminal charges against Noor for failing to tell them what she knew before the brutal attack, law enforcement officials say, but no decision has been made.

She is clearly an accomplice and could be successfully prosecuted for a variety of charges.  Maybe prosecutors will decide her "cooperation" is more valuable than the deterrent value of a prosecution.

 
Tall's picture
Tall
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Gas Leak In A Town Surrounded By Wells
The search is continuing for the source of a gas leak that shut down a school in Midwest, Wyoming at the end of May.
 
Fleur de Lis, the company that operates the neighboring Salt Creek oil field, says it has plugged one leaking well near the school, worked on another six and is continuing to monitor as many as 30 other wells in the area.
 
The Salt Creek field is the oldest in Wyoming, and an Inside Energy analysis of the state oil and gas database shows there are more than 700 active and abandoned wells in a one mile radius around the Midwest school.
 
http://insideenergy.org/2016/06/13/mysterious-gas-leak-in-a-town-surrounded-by-wells/
TechGuy's picture
TechGuy
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thc0655 wrote: "Often people

thc0655 wrote:

"Often people who DO see something criminal or legitimately suspicious DON'T notify law enforcement. From my perspective, more people don't call (when they should), than do."

One has to consider the likely outcome to whistleblowing: You're more likely to get incarcerated than the person your reporting on! At the very least you will get harassed, end up in court, or be audited/fined, etc.

Omar had already been under FBI investigations multiple times.They had ample time to remove him as a threat. Its likely he was already reported to the FBI/DHS on multiple occations. Its likely that his wife did report him, but the press/gov't is looking for scape goats. What you hear from the press and the gov't is what they want you to believe, and has little to do with reality. 

You have to consider that the Deep state has alternative motives to foster terrorism and violent behavior. The long term goal of the Deep state is a totalarian/police state. If the gov't had any real interest in public safety they would not have opened the borders to refugees from violent regions (ie Latin america and the Middle east). The gov't has absolutely done nothing to prevent terriorism, but has go out of its way to make day-to-day life for citizens difficult (ie Airtravel/TSA, War on Cash, Capital controls, etc). 

These violent incidents are designed to get the public to give up freedoms and hand over absolute control to the federal gov't.

Pretty much everything presented by the Media is false or full of half-truths. Best option is to completely ignore it, otherwise you go crazy.

FWIW: I do expect these types of events to become much more frequent. The US is importing hundreds to over a thousand of refugees per day. These refugees greatly increase the odds of more domestic terriorism in the USA. Best option is to avoid crowds, public transportation (Buses, Rail) and "Gun free zones" since these will be the primary targets of terrorism.

 

 

 

 

 

sand_puppy's picture
sand_puppy
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More Poking the Bear Stories Today

NATO Begins Encirclement Of Russia

Via German Economic News, translated by Eric Zuesse,

NATO prepares a veritable military buildup in Eastern Europe: German soldiers are operating in Lithuania, the British take over Estonia, and US soldiers move in to protect Latvia. The Canadians will be in Poland. Also in the Mediterranean, combat units are being increased. Russia perceives the activity as a threat, but hasn’t yet announced any countermeasures.

--------------------

but, they did announce counter measures yesterday.

-------------------

Did Russia Just Order a Full Mobilization of its Armed Forces for War?

by John Galt
June 14, 2016 15:35 ET

The news this week has been moving hot and fast in Eastern Europe as the US Military via NATO has announced that 4 battalions will be re-positioned in Estonai, Latvia, Lithuania, and Poland to counter “Russian aggression” even though there has been no direct evidence presented of an impending Russian invasion of any NATO nation.

-------------------

I despise the group that is playing this reckless power game with the safety of the Earth.  It comes out of the lowest developmental levels humanity has to offer.

cmartenson's picture
cmartenson
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Joined: Jun 7 2007
Posts: 5570
Dmitry Orlov
sand_puppy wrote:

NATO Begins Encirclement Of Russia

Via German Economic News, translated by Eric Zuesse,

NATO prepares a veritable military buildup in Eastern Europe: German soldiers are operating in Lithuania, the British take over Estonia, and US soldiers move in to protect Latvia. The Canadians will be in Poland. Also in the Mediterranean, combat units are being increased. Russia perceives the activity as a threat, but hasn’t yet announced any countermeasures.

--------------------

but, they did announce counter measures yesterday.

-------------------

Did Russia Just Order a Full Mobilization of its Armed Forces for War?

by John Galt
June 14, 2016 15:35 ET

The news this week has been moving hot and fast in Eastern Europe as the US Military via NATO has announced that 4 battalions will be re-positioned in Estonai, Latvia, Lithuania, and Poland to counter “Russian aggression” even though there has been no direct evidence presented of an impending Russian invasion of any NATO nation.

-------------------

I despise the group that is playing this reckless power game with the safety of the Earth.  It comes out of the lowest developmental levels humanity has to offer.

SP - I am about ten minutes away from interviewing Dmytri Orlov on these developments.  They are truly scary and deserve more attention.

The podcast will go up later at some point....

davefairtex's picture
davefairtex
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Posts: 5068
deployed force

So while I'm really not in favor of provoking the bear, I have to say, four battalions isn't a very substantial force.  According to wiki, Russia has a fairly large tank army (500-800 tanks) in the western military district immediately opposite Latvia/Lithuania/Estonia.

Poking around a bit more, it looks like the US force being deployed more or less adds up to one armor brigade, or about 90 tanks and 3500 men.

http://www.militarytimes.com/story/military/2016/02/02/more-troops-deploying-europe-2017/79693680/

A contest between one armored brigade (scattered among 3 nations) vs the Russian tank army would not end happily for the spread-out brigade.

So before we start talking WW 3 and the end of the world, its probably a good idea to get an idea of just how militarily capable these forces would be.  My sense is - not very.  It seems more political than anything else.  To effectively threaten Russia, you'd need to send over several armored divisions and you'd need the force to be concentrated, rather than one brigade scattered piecemeal among several countries.

Secret to offensive operations is to concentrate your force, not spread it out.

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