By Michael Snyder
If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all? I think that virtually all of us have had dreams where we show up for an exam that we have not studied for. Those dreams can be pretty terrifying. And of course if […]
Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.
MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.
Russia’s currency has been collapsing 15-20% in […]
Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]
AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).
Enjoy your $2.00 gas while it lasts…
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]
"The market cap of the energy sector as a % of the market is back to levels seen last when oil was $20/b" – $CS
— $hane Obata (@sobata416) December 18, 2014
Russia Ruble collapse will impact trading partners: Belarus, Lithuania, Estonia, Latvia to suffer most (via Stratfor) pic.twitter.com/ZKNiJ6K9sp
— Holger Zschaepitz (@Schuldensuehner) December 18, 2014
The “isolation of Russia” idea is one which has been receiving a lot of traction of late. Russia’s recent economic woes have sometimes been covered with barely contained glee despite the hardships that average Russians may have to endure if the rouble continues to collapse … not to mention the inevitable geo-political backlash.
Reuters image of the over 50% drop in the Rouble against the U.S. dollar
Russia has become isolated […]
RadioShack Corp. (RSH) is finding an unlikely ally in its efforts to stay out of bankruptcy: credit derivatives traders who amassed more than $25 billion of trades speculating how much longer it can keep paying its bills.
After a 60 percent surge this year, the amount of credit-default swaps tied to RadioShack is 28 times its debt, more than any other U.S. company. When the retailer’s biggest shareholder arranged $585 million […]
In Raul Castro’s speech, he reportedly urged Obama to use “executive action” to bypass Congressionally imposed sanctions on Cuba.
USA Today’s Gregory Korte reported the comments on Twitter:
.@gregorykorte Dictators gonna dictate
– Garrett (@garrettsd) December 17, 2014
Holy… U.S. Selling Missiles, Weapons To Poland-Poland Going to Sell Weapons To Ukraine
Dec. 18 (Bloomberg) — The Swiss National Bank moved to a negative deposit rate for the first time since the 1970’s to alleviate pressure on the franc from Russia and the threat of further euro-zone stimulus. Bloomberg’s Hans Nichols reports on “The Pulse.”
EU membership is incompatible with Tory immigration caps. EU court ruling is more bad news for @David_Cameron pic.twitter.com/2zgXvJiI8j
— Bruno Waterfield (@BrunoBrussels) December 18, 2014