Archive for December 2019
The Next Ten Years In Oil Markets
An eventful 2019 wraps up a decade of turmoil in oil markets, in which Brent Crude prices fluctuated from as high as US$125 a barrel in 2012 to as low as US$30 per barrel in January 2016. Geopolitical turmoil, economic growth, soaring U.S. shale production, and OPEC’s various policies to try to set the trends in oil prices marked…
Deplorables Versus The Ruling Class: A Global Struggle
Consider the age of monarchs. Squabbling barons select a supreme ruler – a king or an emperor — to suppress the squabbling. Peace and prosperity return to the land. The king makes policy but he can’t do everything. His minions take care of the details. Minions mean bureaucracy. The bureaucracy grows. The king grows old and dies. …
Congress gives America a special Christmas present: higher taxes
You’ve got to hand it to these people– Congress really knows how to bring out the holiday cheer. They have some sort of pathological need to pass the most absurd legislation at the VERY END OF THE YEAR giving people very little time to react. Two years ago, for example, they passed comprehensive tax reform…
Making A Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion
For the first time in history, 19 million public employee salaries at every level of government across America have been mapped and posted online. The work of our auditors at OpenTheBooks.com tells a compelling story: Public service is supposed to be about serving the people. However, the good intentions of America’s 19 million public employees come…
Truth and Consequences
How can one write about the underlying truth of the economy in a nation where the majority of people do not care about truth? Disregard of truth has become so extreme in the US that we have exceeded the peculiarity of calling a man a woman if he wants to change his body parts, even…
Wall Street Analyst Jobs Vanish As Banks Take An Axe To Research With Market At Record Highs
Is the death of Wall Street equity research finally at hand? Because who needs an expensive team of analysts when clients can easily reap double-digit returns by dumping their money into passive funds? The fact that sell-side research departments have been shedding analysts this year is hardly a surprise. MiFID II regulations made it clear from…
Schiff On ‘The Bubble’: “It’s Only A Matter Of Time Before The Whole Thing Implodes”
Vioa SchiffGold.com, Everybody knows that the 2008 financial crisis was caused by “deregulation” and “greed,” right? Except that it wasn’t. A film titled The Bubble offers a non-partisan, critical examination of the policies and events that led to the biggest crash since World War II. Produced by Jimmy Morrison and co-written by Tom Woods, the film features a…
We Are Entering the Time of “the Perfect Storm”, and Most People Have Absolutely No Idea What Is Ahead of Us.
The global pig population is being absolutely decimated by a disease that does not have a cure. African Swine Fever, also commonly referred to as “Pig Ebola”, is raging out of control in dozens of countries all over the globe. It has a mortality rate of close to 100 percent, and once it hits an area…
Will Modern Monetary Theory Blow Up The Dollar?
“As long as the government can print money, we’ll never be broke.” That’s the idea behind modern monetary theory (MMT) in a nutshell. Naturally, many of the nuts in Washington are starting to get behind this unhinged notion. That includes members of Congress such as Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.). An Economic Absurdity…
Krieger: “It’s A Systemic Looting On A Massive Scale”
The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere.…