Nov 302014
 
 November 30, 2014  Posted by at 11:23 pm Finance Tagged with: , , , , , ,  
If Oil Can Drop 40%, What's Gold Going To Do?

FacebookGoogle+TwitterLinkedinemail Wyland Stanley Chalmers touring car 1922 Amusing, that Swiss vote today. Or rather, the three votes. I can’t oversee why the first one, the hike in taxes for foreigners, was rejected. It would seem reasonable that everyone living in a country pays a similar amounts in taxes, but perhaps there’s another angle to the topic that I haven’t read about. The second vote, the one on immigration limits, initiated by an eco group, looks easier to understand. In a

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Nov 302014
 
 November 30, 2014  Posted by at 11:56 am Finance Tagged with: , , , , , , , , ,  
Debt Rattle November 30 2014

FacebookGoogle+TwitterLinkedinemail DPC Harlem River Speedway and Washington Bridge, New York 1905 • Fresh Signs Of Global Slump Pose Challenge To US (WSJ) • Swiss Go to Polls on SNB’s Gold, Immigration in Economic U-Turn (Bloomberg) • Swiss To Vote On Massive Gold-Buying Plan (AP) • Can QE Prop Up Asset Prices Forever? (Acting Man) • Shale And Cheap Oil Make America The New Lucky Country (Telegraph) • Black Friday Online Sales Jump 22% as Jobs Spur Shopping (Bloomberg) • Capping

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Nov 292014
 
 November 29, 2014  Posted by at 7:21 pm Finance Tagged with: , , , , , , , ,  
Cheap Oil A Boon For The Economy? Think Again

FacebookGoogle+TwitterLinkedinemail ‘Daly’ Somewhere in the South, possibly Miami 1941 I thought it might be a nice idea to question a certain someone’s theories using their own words, while at the same time showing everybody what the dangers are from falling oil prices. There are many ‘experts and ‘analysts’ out there claiming that economies will experience a stimulus from the low prices, something I’ve already talked about over the past few days in The Price Of Oil Exposes The True State

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Nov 292014
 
 November 29, 2014  Posted by at 12:13 pm Finance Tagged with: , , , , , , , ,  
Debt Rattle November 29 2014

FacebookGoogle+TwitterLinkedinemail DPC The Mammoth Oak at Pass Christian, Mississippi 1900 • Market Rout As Oil Slide Rocks Energy Groups (FT) • Could Oil Collapse Cause Next Credit Crisis? (CNBC) • OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran (Bloomberg) • Oil Drop Is Big Boon For Global Stock Markets, If It Lasts (AEP) • Oil Countries Wasted Chance To Build Strong Economies (Guardian) • OPEC Has Ushered In QE4 (MarketWatch) • Inside OPEC Room, Naimi Declares Price War

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Nov 282014
 
 November 28, 2014  Posted by at 8:58 pm Finance Tagged with: , , , , , , , , , , ,  
OPEC Presents: QE4 and Deflation

FacebookGoogle+TwitterLinkedinemail NPC Thanksgiving turkeys for the President Nov 26 1929 Thinking plummeting oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy, point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond anything remotely looking fundamental, but energy prices have now deflated instead of stocks. Something had to give at some point.

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Nov 282014
 
 November 28, 2014  Posted by at 12:06 pm Finance Tagged with: , , , , , , , , ,  
Debt Rattle November 28 2014

FacebookGoogle+TwitterLinkedinemail Andreas Feininger Production B-17 heavy bomber at Boeing plant, Seattle Dec 1942 • US Equity Markets In ‘Dotcom Style’ Bubble (Telegraph) • China Has ‘Wasted’ $6.8 Trillion In Investment, Warn Beijing Researchers (FT) • Oil Seen in New Era as OPEC Won’t Yield to US Shale (Bloomberg) • Russian Oil Oligarch: ‘$60 And Below Is Possible’ (Reuters) • Russian Oil Giant Battles Debt After $55 Billion Deal (Bloomberg) • US Shale Boom Is Same As Dotcom Bubble, Says Russian

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Nov 272014
 
 November 27, 2014  Posted by at 6:34 pm Finance Tagged with: , , , , , ,  
The Price Of Oil Exposes The True State Of The Economy

FacebookGoogle+TwitterLinkedinemail Jack Delano Cafe at truck drivers’ service station on U.S. 1, Washington DC Jun 1940 We should be glad the price of oil has fallen the way it has (losing another 6% today as I write this). Not because it makes the gas in our cars a bit cheaper, that’s nothing compared to the other service the price slump provides. That is, it allows us to see how the economy is really doing, without the multilayered veil of propaganda,

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Nov 272014
 
 November 27, 2014  Posted by at 12:02 pm Finance Tagged with: , , , , , , , ,  
Debt Rattle November 27 2014

FacebookGoogle+TwitterLinkedinemail DPC Wall Street and Trinity Church, New York 1903 • Oil Price Fall Starts To Weigh On Banks (FT) • Oil Sinks Further As OPEC Meeting Begins (MarketWatch) • World On Brink Of Oil Price War As OPEC Set To Keep Pumping (Telegraph) • Oil Bust of 1986 Reminds US Drillers of Price War Risks (Bloomberg) • Drill On: U.S. Mantra as OPEC Power Wanes in the Face of Shale (Bloomberg) • Oil Slump Reverberates After Nigeria Currency Devaluation

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Nov 262014
 
 November 26, 2014  Posted by at 11:11 am Finance Tagged with: , , , , , , , , , , ,  
Debt Rattle November 26 2014

FacebookGoogle+TwitterLinkedinemail Arthur Rothstein Oregon or Bust, family fleeing South Dakota drought Jul 1936 • Banking’s Toxic Culture ‘Will Take A Generation To Clean Up’ (Guardian) • Consumer Confidence in US Unexpectedly Dropped in November (Bloomberg) • Case Shiller Reports “Broad-Based Slowdown For Home Prices” (Zero Hedge) • BEA Revises 3rd Quarter 2014 US GDP Growth Upwards to 3.89% (CMI) • Refinancing Boom Exposing Risks in US Property Bonds (Bloomberg) • Abe Sales Tax Backfiring With More Debt Not Less (Bloomberg)

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Nov 252014
 
 November 25, 2014  Posted by at 9:49 pm Finance Tagged with: , , , , , , , ,  
Stuck In Reverse And Descending Into Trauma

FacebookGoogle+TwitterLinkedinemail John Vachon Rain. Pittsburgh, Pennsylvania Jun 1941 US Q3 GDP was revised up by the BEA to 3.89%, but that’s no longer what financial markets react to. They sit and wait for more QE somewhere on the planet to be doled out. Will Americans, if they see this at all, take those numbers, add them to the sweet drop in prices at the pump and spend what they save on more holiday purchases? I’m not saying I know, but

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