Ann Rosener Reconditioning spark plugs, Melrose Park Buick plant, Chicago 1942 We need to do a lot more thinking, and take a far more critical look at ourselves, than we do at present. We’re not even playing it safe, we’re only playing it easy. And that’s just not enough. The marches in Paris and numerous other cities today were attended by people who mean well, but who should ask themselves if they want to be part of what was predictably
Read More...
DPC Sloss City furnaces, Birmingham, Alabama 1906 • Foreign Ownership Of US Equities Hits 69-Year High (MarketWatch) • US Retakes the Helm of the Global Economy (Bloomberg) • Fed’s Lockhart Says Jobs Report No Reason to Raise Rates Sooner (Bloomberg) • Legal Challenge Shows Rocky Path To ECB Money-Printing (Reuters) • Voices Join Greek Left’s Call for a New Deal on Debt (NY Times) • Anxiety Rises Over Eurozone’s Falling Prices (Observer) • Spectre Of Deflation Horrifies Bankers, But Japan
Read More...
DPC “Steamer loading grain from floating elevator, New Orleans 1906 • Global Economy On The Verge Of A Once-in-a-Generation Transformation (Telegraph) • Oil Derivatives Explosion Double 2008 Sub-Prime Crisis (ETF Daily News) • Energy Stocks Brace For Many Quarters Of Earnings Pressure (MarketWatch) • Don’t Bank on Oil Rebound Says Fund That Foresaw Collapse (Bloomberg) • Oil Glut Spurs Top Traders To Book Supertankers For Storage At Sea (Reuters) • The Oil Industry Still Managed To Add Jobs In December
Read More...
DPC Boston and Maine Railroad depot, Riley Plaza, Salem, MA 1910 I got to admit, Paris and Charlie have thrown me off a bit. Can’t be just me who noticed how well the French CAC 40 was doing since Charlie Hebdo got shot, can it? Up some 2%, I don’t quite recall, Wednesday, the day of the attack, and 3.59% yesterday. Doesn’t that strike you as odd? It did me. It’s maybe the perfect example of how alienated the financial
Read More...
DPC Union Station, Worcester, Massachusetts 1906 • No Chance Of OPEC Output Cut, Even After Oil Dips Below $50 (Reuters) • There’s No Telling How Low Oil Prices Could Go (Bloomberg) • Why OPEC Is Talking Oil Down Not Up (Bloomberg) • Oil Taxes Tempt Recession-Scarred U.S. States as Prices Plummet (Bloomberg) • ECB Said to Study Bond-Purchase Models Up to $590 Billion (Bloomberg) • Euro Tests Low Last Seen At Its Birth In 1999 (CNBC) • Europe Could Face
Read More...
DPC Old Absinthe House, bar, New Orleans 1906 • Most Americans Are One Paycheck Away From The Street (MarketWatch) • Ron Paul On Paris Attack: Bad Foreign Policy ‘Invites Retaliation’ (Breitbart) • Why Oil Will Go Even Lower (CNBC) • The Worrying Math From US Shale Plays (Ron Patterson) • White House Doesn’t Feel Pressure To Expand US Crude Exports (Reuters) • Oil Investors Pour Most Money Into Funds in 4 Years (Bloomberg) • World’s Best Forecaster Targets Euro-Dollar Parity
Read More...
French magazine Charlie Hebdo’s website now shows the image above. In French, Je Suis Charlie doesn’t only translate as I Am Charlie, but also as I Follow Charlie. Let’s. And let’s not allow the US and all the other western governments to blemish the memories of those who were killed today by using their deaths to promote empty slogans about liberty. Because that’s not what Charlie Hebdo stood for, empty slogans. There’s a long-running gag in the Anglo world that
Read More...
DPC Foundry, Detroit Shipbuilding Co., Wyandotte, Michigan 1915 • Attack at Paris Satirical Magazine Office Kills 12 People (WSJ) • Is Attack Linked to Novel Depicting France Under Islamist President? (Bloomberg) • Bill Gross Calls It: 2015 Is Going to Be Terrible (Bloomberg) • Bill Gross Says the Good Times Are Over (Bloomberg) • Not Just Oil: Are Lower Commodity Prices Here To Stay? (CNBC) • Oil Price Slump Deepens As Drillers Seen Slashing Spending (Telegraph) • How the Bear
Read More...
DPC Oyster luggers along Mississippi, New Orleans 1906 Another ‘guest post’ by Euan Mearns at Energy Matters. I thought that, given developments in oil prices, we can do with some good solid numbers on production. Euan Mearns: This is the first in a monthly series of posts chronicling the action in the global oil market in 12 key charts. The oil price crash of 2014 / 15 is following the same pace of the 2008 crash. The 2008 crash was
Read More...
DPC Unloading bananas, New Orleans 1903 • Oil Below $49 As Sector Faces Its ‘Hunger Games’ (CNBC) • Brent Falls Below $52 As Oil Hits New Five And A Half Year Lows (Reuters) • Oil Drama Drives Shares Lower In Asia And Europe (Reuters) • Some Traders Are Betting On $20 Oil (MarketWatch) • Caterpillar Is Latest Victim Of Sliding Oil Price (MarketWatch) • Saudi Slashes Monthly Oil Prices To Europe; Trims US., Ups Asia (Reuters) • Saudi Arabia Raises
Read More...