‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon
‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC
— Louisa Bojesen (@louisabojesen) December 17, 2014
Currency war hots up as China prepares to bail out Russia
Does Putin & Co have a card up their sleeve amid the huge changes […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.
And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]
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 […]
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 […]
December 18th, 2014
A federal judge for the Western District of Pennsylvania used a deportation decision to probe the constitutionality – or lack thereof – of President Obama’s executive order on amnesty, declaring it “unconstitutional.”
How that ruling might impact other cases or the acceptability of Obama’s psuedo-law is unclear, however.
While Texas and other states have already initiated lawsuits challenging the order, this is the first case to test how Obama’s […]
The biggest U.S. banks pay as little as 0.01 percent per year to their savings account customers. At that rate, through the magic of compound interest, their deposits will double in, oh, 7,000 years.
In a statement [yesterday], the Federal Reserve omitted a pledge to keep rates near zero for a “considerable time” and instead vowed to “be patient” on any rate increases. This suggests it’s getting ready to raise interest […]
If you plan to contribute to a 529 account this year, be sure to do so by the close of business on December 31 so you qualify for any state tax deductions or incentives on your 2014 taxes. Otherwise your contribution won’t count until the 2015 tax year.
Thirty-four states offer tax incentives for 529 contributions.* (To see if your state is one of them and to compare different state […]
by Phoenix Capital Research
Stocks are rallying hard for three main reasons:
1) Janet Yellen’s press conference managed to confuse everyone into thinking that the Fed might prop stocks up longer.
2) The Swiss National Bank cut interest rates to negative in an effort to depreciate the Franc.
3) It’s options expiration week… and Wall Street likes to push the markets higher to insure as many puts as possible expire worthless.
Let’s take a look…
by James Quinn
The article below shows how important the shale oil boom has been to the US economy since 2009. It has accounted for a huge portion of employment and industrial production growth. The plunge in oil prices will bring this to an end, but it will be a two year relentless downturn as new investment dries up and the existing wells are depleted. We are in the Wile E […]
(NaturalNews) Persistent drought conditions that simply won’t relent, according to new reports, have sparked something of a water war in Brazil, which oddly enough has more water resources than any other country in the world.
The two largest cities in the South American powerhouse, Rio de Janeiro and Sao Paulo, are currently fighting over rights to a water source that sits between them. Rio de Janeiro has long relied on the […]
The town of South Pittsburg, Tenn., has just passed the best social media policy ever. At least, that’s what certain people have to say—because South Pittsburg has barred them from criticizing the town on social media. http://www.businessweek.com/articles/…
GS: The real trade-weighted USD has been through 2 significant episodes of appreciation in the post-Bretton Woods era pic.twitter.com/laoV7Q2PA8
— Fabrizio Goria (@FGoria) December 18, 2014
Obesity can count as a disability, the European Court of Justice has ruled in the case of an overweight man who lost his job.
The judgment said it could qualify if the obesity “hinders the full and effective participation of the person concerned in professional life”.
A 25-stone (160kg) Danish childminder, Karsten Kaltoft, pursued the case after his local council sacked him in November 2010.
The court admitted there was no specific law […]
REDONDO BEACH, Calif. (AP) — A driver hit a group of pedestrians outside a Southern California church as a Christmas service ended, killing three people — including two women in their 80s — and leaving up to nine others injured, police said.
Ambulances rushed some of the pedestrians to hospitals, and others were able to drive themselves, Redondo Beach police Lt. Shawn Freeman said Thursday. The nature of their […]