Mighty Greenland Glacier Growing Again

  Re-Blogged From BBC News

European satellites have detailed the abrupt change in behaviour of one of Greenland’s most important glaciers.

In the 2000s, Jakobshavn Isbrae was the fastest flowing ice stream on the island, travelling at 17km a year.

As it sped to the ocean, its front end also retreated and thinned, dropping in height by as much as 20m year.

But now it’s all change. Jakobshavn is travelling much more slowly, and its trunk has even begun to thicken and lengthen.

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The Crisis of Europe’s Green Energy Agenda

By Benny Peiser, GWPF – Re-Blogged From WUWT

Presentation at the De-Greening Day, Amsterdam 7 March 2019

The EU’s green energy policies have

* increased energy prices significantly

* reduced competitiveness of European industries

* failed to solve the technological Achilles’ heel of intermittent renewables

* increased energy insecurity and dependence on Russian energy imports

* increased division between Western Europe and Central & Eastern Europe

* given rise to widespread public discontent and the rise of populist parties opposed to the green energy agenda

Here is a link to the complete presentation.   Worth a read and spreading around~ctm

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40 Years Of Reforms And Gold

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important worries.

We invite you to read our today’s article about the great progress China made in the last forty years and find out whether it’s too good to be true and it must end with some catastrophe, triggering rally in the gold prices.

One of the biggest risks for the global economy which can materialize this year is the slowdown of China’s economic growth. So, it is wise to analyze the current state of the Chinese economy – its implications for the gold market and what will happen next. As December 2018 marked the forty years of market reforms in China, we will adopt a long-term perspective, explaining how China transformed itself from a poor, backward and isolated country to the world’s economic power. We will examine what the global economy and the precious metals market can expect in China’s fifth decade of reform and development.

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Markets Are All About Flows

By Alasdair Macleod – Re-Blogged From GoldMoney

This article looks at prospective supply and demand factors for financial assets in the New Year and beyond. Investors should take into account money flowing into and out of financial assets as well as stock flows, particularly escalating government bond issuance, which looks likely to accelerate significantly in the coming years. It adds up to the fundamental case for physical gold and silver.

At this time of year, the thoughtful soul considers prospects for markets. Pundits are laying out their forecasts, and they fall into two broad camps. There are brokers and fund managers who talk of value. Their income and assets under management depend on continually inflating prices. Then there are the pessimists, a ragbag of doom-mongers who sweepingly point to risks on a grand scale. The collapse of Italy, Deutsche Bank, China, Brexit… take your pick. Very few engage on the subject that really matters, and that is the underlying monetary flows into and out of financial markets.

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Worldwide Debt Default Is A Real Possibility

By John Mauldin – Re-Blogged From Gold Eagle

Is debt good or bad? The answer is “Yes.”

Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet.

Whether it’s wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vacation? Probably not.

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US Economy Will Slow to Crawl Next Year

[Economists tend to recognize Recessions long after they actually have started. -Bob]

Re-Blogged From Nwsmax

Goldman Sachs reportedly believes the U.S. economy will slow to a crawl next year.

“We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration,” Goldman chief economist Jan Hatzius was quoted by CNBC as writing.

“Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019,” Hatzius wrote, according to CNBC.

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Buffett Spends $928 Million to Buy His Own Shares Back

[This may be one of the very few stock buybacks to make sense for stockholders – because company profits are growing quickly and other opportunities are hard to find. -Bob]

By Associated Press – Re-Blogged From Newsmax

Warren Buffett’s company more than quadrupled its third-quarter profits because of a huge paper gain in the value of its investments, although its insurance and railroad businesses also improved.

Notably, Buffett’s company bought back nearly $1 billion in stock during the quarter — the first time that’s happened in years — a possible sign that the world’s most famous investor has been unable to find attractive investments to purchase.

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