Economy
Here are the five worst Dow Jones industrial average performers as trade dispute escalates (Thomas R.)
While the Dow Jones industrial average has pared severe losses several times over the period as hopes for a settlement wax and wane with each Trump tweet or White House update, the Dow was down 178 points, or 0.7%,last week after recovering much of the losses suffered Monday and Tuesday. It has also fallen 741 points, or 2.8%, during the past two weeks.
Here’s How Many U.S. Households Will Run Out of Money in Retirement (Adam)
According to the EBRI Retirement Security Projection Model, which was developed in 2003 and has been updated numerous times since, an estimated 40.6% of all U.S. households headed by someone aged 35 to 64 are projected to run short of money during retirement. This is based on a database of 27 million 401(k) participants and IRA account holders. This seems like a whole lot of households are going to run short, but it’s actually a decline of 1.7 percentage points compared with the same model in 2014 — so things are getting a little better.
Fake Has Become Realer Than Real And The Dogs Of War Are There To Keep It That Way (Matt H.)
The Wall Street Journal and the New York Times are missives of choice for the middle class in matters relating to America’s monopolistic capitalist system. Predatory incursions into foreign countries resulting in bloodshed are routinely explained away in false-flag gibberish or in some other fashion to justify the actions of the government. This business of doing business attitude exists to negate everything else and the middle-class appear to have no qualms with this scenario. The sub-text here being, as God’s own people they believe that they have the right to expect ‘mana-from-heaven’ to rain down upon them from all quarters of the globe.
‘Playing Catch-Up in the Game of Life.’ Millennials Approach Middle Age in Crisis (sign-in required, Adam)
American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind baby boomers and Generation X despite a decade of economic growth and falling unemployment.
Prescription For Violence: The Corresponding Rise of Antidepressants, SSRIs & Mass Shootings (Alex H, thc0655)
Violence, especially random violence, is a complex manifestation of various thoughts, feelings, and external factors. When a multivariate analysis of these factors is conducted, it becomes apparent that it’s not just mental health issues that are leading to such an increase. There may be an underlying substance which plays a role in a high percentage of these violent acts – the use of prescription antidepressants, specifically selective serotonin reuptake inhibitors, or SSRIs.
The move shows that the nation’s largest bank views the fast-changing world of payments as a battleground worthy of aggressive wagers. When it comes to keeping pace with emerging technology in lending or investing, J.P. Morgan has typically partnered with fintech firms like OnDeck or used its own engineers to build solutions like the brokerage app YouInvest.
Austrian government collapses as far right leader caught in video sting (TS)
Kurz said he was proposing to President Alexander Van der Bellen that a snap election be held as soon as possible. Van der Bellen, who can dissolve parliament, said he backed a snap election and would discuss next steps with Kurz on Sunday.
OPEC: Signs Of A Major Oil Deficit (Thomas R.)
Even though these decreases were significant, other nations came in and made up for the declines. Leading the way was Iraq, which saw output climb 0.113 million barrels per day from 4.517 million barrels per day to 4.630 million barrels per day, nearly recovering from the drop seen from February to March. Libya and Nigeria saw their output climb 71,000 and 92,000 barrels per day, respectively, month-over-month, and even Venezuela, despite facing a substantial economic crisis, saw a modest uptick of 28,000 barrels per day (likely a recovery caused by the prior month’s decline of 0.281 million barrels per day that was in part created by temporary blackouts nationwide).
A Fake Asteroid Headed to Earth Can Really Make You Think (Thomas R.)
“It was really an interesting and fun opportunity to participate in the simulation exercise,” Lori Glaze, director of NASA’s Planetary Sciences Division, told Space.com. “I said it was fun because it was great to see so many people really thinking through all the various angles of how we would, as a society, an international human society, how we would try to deal with a potential threat to the planet.”
Global Oil Shipping Concerns Rise Over Middle East Tensions (Thomas R.)
Also on Thursday, a Saudi-led coalition carried out airstrikes on Sanaa, the Yemeni capital. The deadly airstrikes, that reportedly left six dead, came after Yemen’s Iran-backed Houthi rebels, who control the capital, claimed responsibility for the Tuesday drone attack on Saudi Arabia’s critical oil pipeline. All of this, of course, isn’t being lost on global oil markets which ticked up on Thursday by more than 1 percent. Global oil benchmark Brent crude futures ended the day’s session at $72.62/barrel, up 1.18 percent, while U.S. oil benchmark West Texas Intermediate (WTI) crude futures were up 1.37 percent, at $62.87/barrel, near its highest level in two weeks.
China’s ban on scrap imports a boon to U.S. recycling plants (Thomas R.)
Global scrap prices plummeted, prompting waste-hauling companies to pass the cost of sorting and baling recyclables on to municipalities. With no market for the wastepaper and plastic in their blue bins, some communities scaled back or suspended curbside recycling programs.
E.P.A. Could Get Thousands of Deaths Off the Books by Changing Its Math (jdargis)
It is not uncommon for a presidential administration to use accounting changes to make its regulatory decisions look better than the rules of its predecessors. But the proposed new modeling is unusual because it discards more than a decade of peer-reviewed E.P.A. methods and relies on unfounded medical assumptions.
Gold & Silver
Click to read the PM Daily Market Commentary: 5/17/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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."
The post Daily Digest 5/20 – Fake Has Become Realer Than Real, Millennials ‘Playing Catch-Up In The Game Of Life’ appeared first on Peak Prosperity.
from Peak Prosperity http://bit.ly/2QbWvq0
