ORLY-EP0168A - Money Canada Pays Rent?

ORLY-EP0168A - Money Canada Pays Rent?

Welcome to ORLYRADIO #168 recorded Friday, October 20th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with the usual suspects, Daniel Atherton, Fred Sims.

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast)

Following the Money - Market Watch:

stock_market2.jpg

October Friday Closing changes week to week.

OCT: Week 1 - 10/06/17: https://www.zacks.com/stock/news/278014/stock-market-news-for-oct-6-2017
Dow Jones Industrial Average (DJIA) closed at 22,775.39 UP $394.39
Nasdaq Composite Index (IXIC) closed at 6,585.36 UP $131.91
S&P 500 Index (INX) closed at 2,552.07 UP $42.01

OCT: Week 2 - 10/13/17: https://www.zacks.com/stock/news/278753/stock-market-news-for-oct-13-2017
Dow Jones Industrial Average (DJIA) closed at 22,841.01 UP $65.62
Nasdaq Composite Index (IXIC) closed at 6,591.51 UP $6.15
S&P 500 Index (INX) closed at 2,550.93 Down $1.14

From Zacks: New Economic Data
The weekly initial jobless claims plummeted to 243,000 from last week — a decline of 15,000. This marked its lowest level in as many as six weeks. The consensus estimate for the period was 255,000 claims. Economists commented that only a few Americans applied for unemployment benefits in this period as business resumed in Texas and Florida, with more people resuming work, post the recent carnage by two destructive hurricanes.
Moreover, initial claims in Puerto Rico were also lower not because of people going back to work but due to the absence of electricity after the island was ravaged by Hurricane Maria. Consequently, people could not file claims from the island nor could the claims be processed. As a result, the analysts expect such claims to show up in the coming weeks.

OCT: Week 3 - 10/20/17: https://www.zacks.com/stock/news/279501/stock-market-news-for-oct-20-2017
Dow Jones Industrial Average (DJIA) closed at 23,163.04 UP $322.03
Nasdaq Composite Index (IXIC) closed at 6,605.07 UP $13.56
S&P 500 Index (INX) closed at 2,562.10 UP $11.17  recovering over last week.

From Zacks:  The Dow Jones Industrial Average (DJIA) Jones and S&P 500 overcame selling pressure and eked out records on Thursday that marked the 30th anniversary of the ’87 crash. Robust third-quarter earnings results provided a fillip to the equity market, with American corporations showing signs of strength on the back of an improving economy. Political tensions in Europe and lackluster economic reports out of China failed to dent investors’ sentiment. On the other hand, a report that showed Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair boosted investors’ confidence. Appointment of Powell would represent a continuation of the central bank’s current regime.

Following the Money - OIL

oil-rig-derrick-clipart-10.jpg

http://www.Nasdaq Composite Index (IXIC).com/markets/crude-oil.aspx
WTI (NYMEX) Price

October:
Week 1: $49.29 USD Down  $2.38 Back to July Prices.
Week 2: $51.45 USD UP $2.16
Week 3: $51.84 USD UP $0.39

Following the Money - Exchange Rates

International Monetary Fund (IMF) XDR/SDR Basket Currencies

money clipart.jpg

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

October:
Week 1: $1 USD  =  €0.85 Eur = ¥6.57 CNY = ¥112.63 JPY = 0.77 GBP = 0.00023 Bitcoin
Week 2: $1 USD  =  €0.85 Eur = ¥6.59 CNY = ¥111.82 JPY = 0.75 GBP = 0.00018 Bitcoin
Week 3: $1 USD  =  €0.85 Eur = ¥6.62 CNY = ¥113.53 JPY = 0.76 GBP = 0.00017 Bitcoin - 1 Bitcoin = $6004.00

Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING.
https://www.weforum.org/agenda/2017/10/the-electricity-required-for-a-single-bitcoin-trade-could-power-a-house-for-a-whole-month/

Of the precious metals, we usually think of Gold, Silver and Platinum, but now, Palladium has been added to this fellowship.

debt guy.jpg

US National Debt Ticker

Watch that puppy grow! http://www.usdebtclock.org/

October 6th: $20,345,281,729,369 UP $167,279,984,763
October 13th: $20,371,631,527,625 UP $26,349,798,256

168-1- debt clock.PNG

October 20th: $20,423,823,695,769 - UP $52,192,168,144

168-2- debt clock.PNG
  1. U.S. job loss: Trump or Climate Change?  As a followup, looks like it was the hurricanes. http://www.politico.com/story/2017/10/06/economy-lost-jobs-in-september-2017-243532?cmpid=sf

  2. First Nations seek to raise Canada's rent after 150 years of $4 payments
    The First Nations claim that their ancestors initially balked at what seemed like a paltry sum for their resource-rich land. “So what William Benjamin Robinson said – and I’m paraphrasing – was: ‘Here’s what I’ll do. I’ll offer you this annuity and if the territory produces more revenue for the crown, the annuity will be increased accordingly,’” said Mike Restoule, one of the representative plaintiffs in the case.
    The treaty stipulates that any increase in the annuity “shall not exceed the sum of 1-pound provincial currency in any one year, or such further sum as Her Majesty may be graciously pleased to order”.
    More than a century after the first increase, despite petitions and appeals from First Nations chiefs to various levels of government, the annuity remains unchanged.
    https://www.theguardian.com/world/2017/oct/15/canada-first-nations-treaty-annuity-lawsuit

    http://www.canadianlawyermag.com/legalfeeds/author/elizabeth-raymer/robinson-treaties-first-nations-launch-court-actions-over-annuity-augmentations-14754/

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

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  • And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)

ORLYEP0162A - Follow The Money, Economic Pulse Check, UBI, Taxes, and Military Pensions

ORLYEP0162A - Follow The Money, Economic Pulse Check, UBI, Taxes, and Military Pensions

Welcome to ORLYRADIO #162A recorded Friday, August 18th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with my usual suspects, Daniel Atherton and Stephen Griffith.

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast)

Global Economic Pulse:

http://money.cnn.com/data/markets/

Follow The Markets, August Friday Closing changes week to week.

Week 1-8/04/17: Dow closed at 22,092.81 UP 262.5
Nasdaq closed at 6,351.56 DOWN 23.12
S&P closed at 2,476.83 UP 4.73

Week 2-8/11/17:   Dow closed at 21,858.32 DOWN 234.49
Nasdaq closed at 6,256.56 DOWN 95
S&P closed at 2,441.32 DOWN 35.51

Week 3-8/18/17:   Dow closed at 21,674.51 DOWN 183.81
Nasdaq closed at 6,216.53 DOWN 40.03
S&P closed at 2,425.55 DOWN 15.77

Compared to last month

7/28/17:   Dow closed at  21,830.31
Nasdaq closed at  6,374.68

S&P closed at  2,472.10

International Monetary Fund (IMF) XDR/SDR Basket Currencies

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

July

Week 4: $1 USD  =  €0.85 Eur = ¥6.74 CNY = ¥110.63 JPY = 0.76 GBP = 0.00036 Bitcoin

August:

Week 1: $1 USD  =  €0.85 Eur = ¥6.73 CNY = ¥110.69 JPY = 0.77 GBP = 0.00035 Bitcoin

Week 2: $1 USD  =  €0.85 Eur = ¥6.67 CNY = ¥109.16 JPY = 0.77 GBP = 0.00024 Bitcoin

Week 3: $1 USD  =  €0.85 Eur = ¥6.67 CNY = ¥109.18 JPY = 0.78 GBP = 0.00024 Bitcoin

 

Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx

WTI (NYMEX) Price

July:

Week 4: $49.71 USD  UP $3.94 From last week, UP 5.48 from the top of the month.

August:

Week 1: $49.58 USD DOWN $0.13

Week 2: $48.78 USD DOWN $0.80  

Week 3: $48.51 USD DOWN $0.27

 

Watch that puppy grow! http://www.usdebtclock.org/

July 28: $19,967,603,583,206

August 4: $19,969,787,407,865 Up $2,183,824,659

August 13: $19,972,583,428,675 Up $2,796,020,810

August 18: $19,974,156,039,640 UP $1,572,610,965

162- debt clock.PNG

US Unfunded Liabilities (GAAP) $107,176,295,247,453 (about 7pm tonight)

Definition

The amount, at any given time, by which future payment obligations exceed the present value of funds available to pay them. For example, a pension plan's payment obligations, including all income, death and termination benefits owed, are compared to the plan's present investment experience, and if the total plan obligations exceed the projected plan assets at any point in time, the plan has an unfunded liability.

Used in context: “Based on revenue projections from the Social Security Administration and the fact that the very populous Baby Boomer Generation has begun to reach retirement age, the economist argued that the U.S. Social Security system would soon become an unfunded liability unless comprehensive reforms were made.”

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

  • You can donate to the show through www.Patreon.com/orlyradio and get early access to full show content.

  • Make the Algorithm work for us by reviewing us on iTunes to boost our ranking.

  • Use your Words and tell someone about us.

  • And of course, engage us! Send us an message on the social medias or the electronic mails @ ORLYRADIOPODCAST@gmail.com or if you are the more talkative sort 470-222-ORLY (6759) is always ready to take your call or text.  

  • And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)