Home » Economics (Page 344)
Category Archives: Economics
Energy Transfer, Banks Lost Billions by Ignoring Early Dakota Access Pipeline Concerns
Energy Transfer, Banks Lost Billions by Ignoring Early Dakota Access Pipeline Concerns Roughly four years ago, Energy Transfer Partners (ETP) filed a federal application to build a 1,172 mile oil pipeline from North Dakota’s Bakken shale across the U.S. to Illinois at a projected cost of $3.8 billion. Before that application was filed, on September 30, 2014, […]
Market Analyst: The Stock Market Will Lose 60%, Or $20 Trillion In Next Crash
Market Analyst: The Stock Market Will Lose 60%, Or $20 Trillion In Next Crash Market analyst John Hussman, who is a market bear, has claimed that the stock market will lose about $20 trillion in the next crash. That is equal to 60% of the market value. Hussman has been warning that stock valuations have been extreme for years, […]
The Ghost of Christmas Present
The Ghost of Christmas Present Apparently one additional world leader turned up in Buenos Aires without fanfare this weekend. The General Secretary of the North Pole, known popularly as Santa Claus, took his latest-model hypersonic sleigh to the G-20 Meeting, and made sure that the global financial elite would find their Christmas stockings stuffed with […]
EU Proposes Widespread ‘De-Dollarization’ Initiatives
EU Proposes Widespread ‘De-Dollarization’ Initiatives In the most blatant and transparent reaction to Washington’s continued vassal-ization, the European Commission has reportedly formulated a plan to reduce the role of the dollar in international trade. Amid increasing tensions between Trump and various European leaders (cough Macron cough) and the ongoing threats of sanctions and tariffs, the European […]
The Next French Revolution – Is it Beginning?
The Next French Revolution – Is it Beginning? The austerity measures of the EU are having a profound impact in Europe. In Paris of December 1st, 2018 (right on time with our volatility models for December) there was a major civil uprising, the worst France has witnessed in recent decades. Yellow Vests have converged in […]
The Fed Explains the Rate Hikes: To Prevent Financial Crisis 2
The Fed Explains the Rate Hikes: To Prevent Financial Crisis 2 Instead of “bubble” or “collapse,” it uses “valuation pressures” and “broad adjustment in prices.” Business debt, not consumer debt, is the bogeyman this time. Preventing another financial crisis – or “promoting financial stability,” as the Federal Reserve Board of Governors calls it – isn’t […]
Chairman Powell Talks Out of Both Sides of His Mouth
Chairman Powell Talks Out of Both Sides of His Mouth In a speech on Wednesday, Federal Reserve Chairman Jerome Powell stated that he had a “neutral” outlook on rates. According to a CNBC article, he was quoted: Interest rates are still low by historical standards, and they remain just below the broad range of estimates […]
Could GE’s Slow Collapse Ignite A Financial Crisis?
Could GE’s Slow Collapse Ignite A Financial Crisis? Will GE be the proverbial “black swan?” – It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody’s downgraded GE’s short term credit rating to a ratings level (P-2) that prevents prime money market funds […]
Climate Jobs for All
Climate Jobs for All Building Block for the Green New Deal It was an iconic moment: Young people occupy Rep. Nancy Pelosi’s office demanding a Green New Deal to put millions of people to work making a climate-safe economy — when suddenly newly-elected Congressional representative and overnight media star Alexandria Ocasio-Cortez joins them with a resolutionin […]
The Imperial Presidency Embodies Political and Economic Hubris
THE IMPERIAL PRESIDENCY EMBODIES POLITICAL AND ECONOMIC HUBRIS Historian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of the United States had dramatically grown in the 20th century from being an important but fairly limited position of implementing the laws of […]
DiMartino Booth: The Fraying Of The Fed’s Fragile Narrative
DiMartino Booth: The Fraying Of The Fed’s Fragile Narrative Former Dallas Fed official Danielle DiMartino Booth joins the show just as Chairman Jay Powell faces his first major challenge: will he keep raising rates as promised now that autos, housing, employment, and even tech stocks look soft? And if not, will he effectively signal that the US […]
Alberta Orders “Unprecedented” Oil Output Cut To Combat Crashing Prices
Alberta Orders “Unprecedented” Oil Output Cut To Combat Crashing Prices While just a few hundred miles south, WTI is flirting with the one year low price of $50/barrel, Canada’s oil-producing hub, Alberta, would be ecstatic to have its oil trade at anything even remotely close to this level. As we reported recently, Canadian oil producers […]
Deutsche Bank Crimes Can Cause Next Global Crisis – William Black
Deutsche Bank Crimes Can Cause Next Global Crisis – William Black The International Monetary Fund (IMF) has deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends, “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest […]
