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Government Influence Over Asset Prices Growing
Government Influence Over Asset Prices Growing Where most analysis on oil markets tends to fall short is on the depth of analysis vs. reading headlines and group think, the latter of which is heavily shaped by misinformed media and government propaganda. The facts are OECD stocks have fell in October, not increased. That runs against […]
Oil Prices Testing August Lows As Inventories Swell
Oil Prices Testing August Lows As Inventories Swell As Mike D from the Beastie Boys turns fifty today, WTI is trying to fight for its right to party on in forty-dollardom. (but failing). Brent is being more successful in trying to ‘get it together’, holding somewhat steady, but the ongoing swelling-inventory, tanker traffic-jammed nature of […]
Ex-World Bank chief economist exposes “failure” of austerity, deregulation
Ex-World Bank chief economist exposes “failure” of austerity, deregulation Joseph Stiglitz, a senior OECD expert, slams OECD’s own policies to prevent global slowdown In a little-known speech at the United Nations University, renowned Nobel Prize-winning economist Joseph Stiglitz criticised Western approaches to addressing the global economic crisis for being obsessed with market solutions that cannot […]
Is GDP Over?
Is GDP Over? Economists from rich countries increasingly agree: Sustainable development and reducing inequality matter more than economic growth. (Photo: World Bank Photo Collection / Flickr) Organizers of October’s fifth OECD World Forum on Statistics, Knowledge, and Policy could barely contain their sense of satisfaction when the three-day event opened in Guadalajara, Mexico. Why all […]
Schadenfreude – How the US Is Helping China Create a New Financial Order
Schadenfreude – How the US Is Helping China Create a New Financial Order Here we have an image of a Chinese banknote, featuring Chairman Mao, followed by a seemingly incongruous German word – schadenfreude. Is there an error here? Happily, no. We’ll begin with the word, schadenfreude, which means “harm-joy.” It’s used to express an […]
Pension “Armageddon” Got Closer Today
Pension “Armageddon” Got Closer Today The IMF fears underfunded pension funds could be encouraged to chase returns through riskier investments such as direct credit exposure or by engaging in securities lending in order to improve their funding ratios….The IMF’s comments echoed similar warnings from the OECD in May, when the Paris-based body said pension funds’ move towards […]
The Loss of All Liberty Is Coming Faster Than You Imagined
The Loss of All Liberty Is Coming Faster Than You Imagined UK Prime Minister David Cameron reflects the serious problem we have with politicians. Politicians have ZERO respect for our human rights for they only think about how they are going to raid our wealth to pay for their families and retirements at our expense. Cameron actually […]
There Are 800 Fossil Fuel Subsidies Around The World
There Are 800 Fossil Fuel Subsidies Around The World There are 800 different programs around the world that subsidize fossil fuels, according to a new report from the OECD. The OECD released the report ahead of the international climate change negotiations set to take place in Paris in December, where the world has a “moral imperative to […]
Document raises questions about Harper retirement policies
Document raises questions about Harper retirement policies Finance Canada review of Canada’s retirement system says Canada scores poorly among OECD countries Canada scores poorly among developed countries in providing public pensions to seniors, according to an internal analysis of retirement income by the federal government. And voluntary tax-free savings accounts or TFSAs, introduced by the […]
Dictators and Billionaires Demand Creation of UN Tax Agency
Dictators and Billionaires Demand Creation of UN Tax Agency As globalist forces and the international institutions they control openly prepare to plunder humanity’s wealth, Third World dictators and tax-funded “civil society” groups havestepped up their demands for a United Nations tax authority — supposedly to ensure that they all get their “fair share” of the loot from […]
Global Youth Unemployment Hits 35 Million As Recent Grads Lean On Parents
Global Youth Unemployment Hits 35 Million As Recent Grads Lean On Parents We’ve documented the pitiable plight of America’s recent college graduates on a number of occasions over the last several months. The Class of 2015 is officially the most heavily-indebted graduating class in the history of US higher education, as each student will leave college with […]
Economic inequality: 10 reasons why we can’t beat it
Economic inequality: 10 reasons why we can’t beat it Even the OECD says inequality is bad. But making it go away is much tougher It almost feels like an old story. Ever since the economy crashed in 2008 a growing chorus of voices has warned that inequality was wiping out the middle class and damaging society. This week […]
“We Reached The Tipping Point”: Income Inequality Is Highest Since Records Began
“We Reached The Tipping Point”: Income Inequality Is Highest Since Records Began While soaring stock prices do nothing to boost the economy, because as 7 years of hard facts have shown, the only thing “trickle down” QE has done is forced economists to jump the shark and demand not one but two seasonal adjustments to […]
In Most Countries, 40 Hours + Minimum Wage = Poverty
In Most Countries, 40 Hours + Minimum Wage = Poverty Last week, we noted that Democratic lawmakers in the US are pushing for what they call “$12 by ’20” which, as the name implies, is an effort to raise the minimum wage to $12/hour over the course of the next five years. Republicans argue that if Democrats […]