Daily Digest 10/12 – The Unstoppable Allure of Private Assets, How Low Will U.S. Births Go?


Timing of Trump’s Syria decision raises questions (Sparky1)

CNN’s Jake Tapper examines President Donald Trump’s relationship with Turkey amid his decision to pull US troops from northern Syria.

Israelis see Trump’s Syria pullout as a betrayal that could help unravel the region (tmn)

Other than expressing support for the Kurds, Prime Minister Benjamin Netanyahu has said little publicly about Trump’s move, which came just as Israel was marking the anniversary of the 1973 Arab-Israeli war. But Israeli media have been dominated by critics from all parts of Israel’s fractious political spectrum worried that American dependability is cracking at a volatile moment in the region.

Marie Yovanovitch says Trump ousted her over ‘unfounded and false claims’ (tmn)

The chairs of the three House committees leading the investigation said the State Department and the White House had ordered Yovanovitch not to attend, prompting them to issue a subpoena. Yovanovitch, they said, agreed to comply with the subpoena over her agency’s objections, sitting for more than nine hours behind closed doors on Friday.

The Unstoppable Allure of Private Assets (edelinski)

In the longest-ever bull market, investors have been watchful for signs of an economic slowdown. Stocks fell after the Institute for Supply Management announced October 1 that its U.S. manufacturing index declined in September to the lowest level since June 2009 — the last month of the Great Recession.

Our Time/Labor Is Finite, But Money Is Infinite (thc0655)

Once we understand this mechanism, we understand that labor can never get ahead. No matter how hard one works, or how much one saves, the amount of “money” (fiat currency) that can be created and distributed to those at the top of the wealth-power pyramid will always be near-infinite, and the more credit / debt / currency that’s issued, the greater the loss of labor’s purchasing power.

Ecuador’s protesters march; clashes break out in Quito (thc0655)

Ecuador’s Red Cross said it was suspending paramedic and ambulance services because of security concerns. Red Cross volunteers had been attacked in several locations in recent days and people threw stones at an ambulance in Quito on Monday, the aid group said.

The military earlier warned people against violence during Wednesday’s protests, following unrest that led President Lenín Moreno to move government operations from Quito to Guayaquil.

Econimica: How Low Will US Births Go? (thc0655)

From a births perspective, it doesn’t matter what the total US population is…the only population that matters are those capable of child birth. I show the 20 to 40 year US population as they are responsible for over 90% of the births while those under 20 and those over 40 are producing so few children relative to 20 to 40 year olds as to be statistical noise (births per thousand by age group is detailed by the CDC HERE…on CDC page, just click on age specific birthrates and hit generate chart to view age specific birthrates).

Obesity is weighing on education, productivity and the economy (LesPhelps)

It estimates that the high percentage of overweight people reduces GDP by an average of 3.3% across the OECD member states. There’s an additional economic burden from increased health spending, with OECD countries spending about 8.4% of their total health budget on treating obesity-related diseases. The figure is highest in the US, at 14%.

Voyager Mission Reveals Unexpected Pressure at The Edge of The Solar System (Thomas R.)

Maybe there are entire populations of particles out there that haven’t been taken into account yet. Or maybe it’s just a little hotter than anybody figured. The researchers have a number of possible explanations to explore in future research.

While the discovery itself is interesting enough, it’s the way they found it that makes for a truly fascinating bit of science.

San Francisco, Hostage to the Homeless (Thomas R.)

For the last three decades, San Francisco has conducted a real-life experiment in what happens when a society stops enforcing bourgeois norms of behavior. The city has done so in the name of compassion toward the homeless. The results have been the opposite: street squalor and misery have increased, even as government expenditures have ballooned. Yet the principles that have guided the city’s homelessness policy remain inviolate: homelessness is a housing problem; it is involuntary; and its persistence is the result of inadequate public spending. These propositions are readily disproved by talking to people living on the streets.

Ellen DeGeneres and the American Psychopath (westcoastjan)

Nor is it a symptom of America’s evangelical morality, with its fundamental belief in the power and ubiquity of personal redemption. We all know that there is no one meaner and more unforgiving than someone who believes they’ve been forgiven for their trespasses and redeemed for their sins, including the ones they haven’t gotten around to committing just yet.

Wild pigs tearing up Northern California cities, parks (Thomas R.)

Matthew Pease woke up Sunday morning for his workout — and was shocked by what he saw in his front yard.

More Green to be “Green” (thc0655)

The Green New Deal is as much an assault on rural living – and farming – as it is on driving, the cost of which will go up by 30-50 percent if people are forced to buy only electric cars and the much-promised (but yet to be delivered) “breakthrough” in battery technology that will supposedly reduce the cost of electric cars by 30-50 percent and so make EVs cost-equivalent with non-electric cars doesn’t happen.

October snowstorm delays hundreds of flights, shuts down highways in central US (Thomas R.)

While the worst of the storm has ended, lingering bands of snow will continue to rotate through North Dakota and northern Minnesota this weekend. Winds will remain gusty, causing any snow that is not packed down on the ground to blow around, reducing visibility.

This Is What Adapting to Climate Change Looks Like (Neil S.)

In one sense, the blackout was caused by an overlapping set of crises—legal, financial, and ecological—that now confronts the state. But in a larger sense, it looked like a preview of mid-21st-century governance. When political leaders envision the century of climate change to come, they often speak of massive floods and dangerous droughts. But the experience of Californians this week—frustrated, needlessly inconvenienced, and saddled with aging infrastructure built for the wrong century—will define the mass experience of climate change as much as any deluge or inferno.

Terrifying footage shows more than 1,000 firefighters battling to contain wildfires in Southern California as 100,000 are forced to flee their homes (Thomas R.)

The news release said: ‘It is difficult to tell where smoke, ash or soot from a fire will go, or how winds will affect the level of these particles in the air, so we ask everyone to remember that smoke and ash can be harmful to health, even for people who are healthy.’

Gold & Silver

Click to read the PM Daily Market Commentary: 10/10/19

Provided daily by the Peak Prosperity Gold & Silver Group

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