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Will Illinois Be the First State to Go Bankrupt?
Will Illinois Be the First State to Go Bankrupt? The state of Illinois is in real trouble. The state employees have been bleeding the state dry and are demanding that they raise taxes so they can get theirs. This is the poster state for government employees expropriating private assets. Illinois must pay $560 million in […]
Moscow doubles down on Washington
Moscow doubles down on Washington History may eventually decide the ‘New World Order’ started on September 28, when Russian President Vladimir Putin and US President Barack Obama had a 90-minute face off at the UN in New York. Irrespective of spin – “productive” according to the White House, “tense”according to a source close to the Kremlin – facts […]
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015. http://www.imf.org/external/country/sau/ Extract: Government spending has increased substantially in recent years. Consequently, the breakeven oil price rose to $106 a barrel in 2014 from $69 […]
Here Comes the Next Global Recession
Here Comes the Next Global Recession It might seem peculiar to some people to talk about the ‘next’ global recession, given that it doesn’t feel like we ever really got out of the last one. Eight years on from the global financial crash we find that the global economy is still drowning in debt, and […]
The Deterioration of America’s Corporate Balance Sheet
The Deterioration of America’s Corporate Balance Sheet I don’t comment frequently on the state of financial markets these days, but the following article from Bloomberg really grabbed my attention. It relates to interest coverage ratios across corporate America, and quite frankly, I was stunned to see how badly balance sheets have deteriorated during the recent pitiful cyclical economic […]
Is The Oil And Gas Fire Sale About To Start?
Is The Oil And Gas Fire Sale About To Start? Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part of their revenue by hedging contracts. Bloomberg already reported in June that many of […]
Can The Oil Industry Really Handle This Much Debt?
Can The Oil Industry Really Handle This Much Debt? As the crude industry has been wrestling with low oil prices that declined by over 50 percent since its highest close at $107 a barrel in 2014, many exploration and production companies worldwide and in the U.S., in particular, have faced large shortfalls in revenue and […]
Resisting Socialism in early 20th Century Britain
Resisting Socialism in early 20th Century Britain “The foundations of economic freedom are weakening around the world, according to the 2013 Index of Economic Freedom published by the Heritage Foundation and The Wall Street Journal. Particularly concerning are the rise of populist ‘democratic’ movements that use the coercive power of government to redistribute income and […]
The Numbers Say That A Major Global Recession Has Already Begun
The Numbers Say That A Major Global Recession Has Already Begun The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is […]
Bubbles and Backlashes
Bubbles and Backlashes Image: trialsanderrors/Flickr CC. Financial markets have been turbulent as of late with no end in sight. A sagging global economy could overwhelm America’s recovery efforts with toxic effects on key climate change and clean energy initiatives now underway. The Federal Reserve’s recent decision to postpone an interest rate hike is but one reflection […]
IMF Warns That We Have a New Crisis Coming
IMF Warns That We Have a New Crisis Coming QUESTION: Marty; You mentioned that you met with a board member of the IMF. It certainly seems you are having a much larger impact than you may realize. The IMF is now warning of a crash. Do you think you can help reverse the trend if given […]
Where Is the First Helicopter Drop of Money Likely to Land?
Where Is the First Helicopter Drop of Money Likely to Land? So what’s left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money. We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative Easing (QE)–the monetary stimulus of […]
Leaving the Eye of the Hurricane
Leaving the Eye of the Hurricane In the early 2000’s, there were those economists and investors who believed that the U.S. was headed for an economic fall – that the repeal of the Glass-Steagall Act in 1999 would allow the financial institutions to enter into widespread reckless loan practices that would lead to a housing […]
Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money
Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money Tho Bishop writes: Neurosurgeon-turned-Presidential candidate Ben Carson has been under attack this week by our PC-enforcers in the media. While most of the media scorn has been directed at Carson’s defense of gun ownership following last week’s shooting in Oregon – Matt O’Brien of the Washington Post slapped at Carson […]
