The weekend is over and crude oil is getting smoked again http://t.co/mgROSNp5V6 pic.twitter.com/riG1tBZXyA
— Business Insider (@businessinsider) January 26, 2015
- The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel. Additionally, US stock futures were selling off after a mixed week that saw the Nasdaq and S&P 500 gain ground while […]
Dave Hodges of the Common Sense Show.com joins me to talk about all of it – manufactured terror, World War 3, the elite’s plan to sell out humanity, depopulate the earth and use Transhumanism on those who are left here to be slaves. This is a must listen conversation and we very much appreciate you tuning in and sharing it with those you love.
Dave’s site: http://www.thecommonsenseshow.com/
For REAL […]
5 years into the euro zone crisis the ECB announces a €1.1 trillion quantitative easing programme to boost economy. Bolder than expected.
Draghi Commits ECB to Trillion-Euro Asset-Purchase Plan to Fight Deflation
Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral.
The ECB president shrugged off […]
Snow up to 3 feet and hurricane-like gusts could slam Boston and New York Monday and Tuesday. http://t.co/5ld4nRUMaI pic.twitter.com/tTqnfiu71e
— CNN Breaking News (@cnnbrk) January 26, 2015
The National Weather Service (NWS) has warned of a “potentially historic blizzard”
New York’s mayor is telling residents to “prepare for the worst”.
“This could be the biggest snowstorm in the history of this city, prepare for something worse than we have […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Next Chapter in the Great American Oil Bust
Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak.
“If prices stay low well into the latter […]
Sources: “Is Your Pension Courting Catastrophe? – Bloomberg View” http://www.bloombergview.com/articles… “Detroit attorney says pension cuts actually close to 50 percent – World Socialist Web Site” http://www.wsws.org/en/articles/2014/… “Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star” http://www.thestar.com/news/canada/20… “Portugal raids pension funds to meet deficit targets – Telegraph” http://www.telegraph.co.uk/finance/fi… “Hungarian savers say government is stealing their pensions | Reuters” http://www.reuters.com/article/2014/1… “Russia Seized Citizens Pension Funds. […]
By Michael Snyder
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the […]
Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer.
With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi of the ECB announcing massive asset and bond buying at 60 billion euros a […]
Last October, IBM (IBM) chief executive Ginni Rometty vaguely hinted the company’s self-styled makeover to analytics, cloud, mobile and security specialist could mean yet another round of layoffs, following last year’s firing of 10,000 workers with another 1,700 shown the door in 2013.
But that was small potatoes compared to what might hit IBM next week amid one report the vendor is prepping to lay off what could amount to […]
— trutherbot (@trutherbot) January 20, 2015
Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region
Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]
A gallon of gasoline in Venezuela now costs less than a penny http://t.co/baz5xg9d9J pic.twitter.com/2zJvF9lJci
— Bloomberg Business (@business) January 26, 2015
Venezuela President Nicolas Maduro told lawmakers last week he’s considering raising gasoline prices.
That might be a good idea.
It’s been two decades since the government last lifted state-set local prices, the result of politicians’ concern that the move could spark protests like those that swept across […]
Alexis Tsipras is a likeable, persuasive character, who makes as good a case as anyone for a new approach in Europe. https://t.co/l2HS5JrUrf
— Jesse Livermore (@Jesse_Livermore) January 25, 2015
Ford Motor exec: "“The 21st-century trade barrier is currency manipulation" http://t.co/vpSC1KnYah pic.twitter.com/zoCRwtJQs7
— Nick Timiraos (@NickTimiraos) January 26, 2015
Currency Fight Hinders Talks on U.S.-Pacific Trade Deal Concern About Currency Manipulation Emerges as Hurdle to Obama Administration’s Effort to Move Trans-Pacific Partnership Through Congress
Concern that some trade partners are manipulating their currencies to gain an export edge has emerged as a major hurdle to the Obama administration’s efforts […]
China – Widening of credit spreads shows differentiation has increased pic.twitter.com/XOg0zRJtKX
— Nick (@NickatFP) January 26, 2015
A look at the shrinking American middle class. http://t.co/1Lsz9h1ERV (Explained with 54 charts). pic.twitter.com/sfOLQaSZPy
— The Upshot (@UpshotNYT) January 26, 2015
Tepco to Miss Water Clean-up Deadline Tokyo Electric Power Co. (Tepco) will not meet its goal of cleaning up the accumulated contaminated water at the damaged Fukushima Daiichi No. 1 reactor, extending the March deadline by about two months.
METI considers 20% ratio for nuclear power Biz / Tech Jan. 25, 2015 – Updated 20:50 UTC-5 Japan’s industry ministry wants to have nuclear energy account for 20 percent or […]
WHATCOM COUNTY, Wash. — A third strain of bird flu has been discovered in Whatcom County, sparking health concerns in our own backyard. So far there is no indication that this new strain has spread to humans, but the discovery is surprising. The two strains of bird flu previously found in Washington have never been seen in the U.S., but this new one discovered in a duck in Whatcom […]
Militarists use #terrorism to justify #war. Terrorists use war to justify terrorism… http://t.co/fTYrEUKKGx #peace pic.twitter.com/uwBP0gaV47
— Mark O'Byrne (@MarkTOByrne) January 24, 2015
France has been an ambiguous NATO member in recent years. They are in the process of finishing the production of two battleships which were ordered by Russia before the Ukraine crisis began.
There is a risk of refraining to the simplistic and dangerous narrative of the fabled […]
The pessimists believe that there has been a large decline in the will to invest, something like the loss of “animal spirits” described by Keynes. Even with very low interest rates, according to this view, investment demand will remain low, and therefore aggregate demand will remain insufficient. Deflation will make matters worse, leaving only large fiscal deficits able to close the demand gap.
But the causes of 2008’s […]
Greek bond mkt sell-off accelerates. #Greece's 3yr yields jump by 166bps to 11.7% on higher #Grexit risk. pic.twitter.com/y4Y5oo56EU
— Holger Zschaepitz (@Schuldensuehner) January 26, 2015
Stocks haven’t been this expensive in 10 years http://t.co/s01sBGeArx pic.twitter.com/xtP90ZhzSa
— Business Insider (@businessinsider) January 26, 2015
“At the sector level, the Energy sector has witnessed the largest decrease in the forward 12-month EPS estimate of all ten sectors during this time frame,” FactSet’s John Butters noted. “Since December 31, the forward 12-month EPS estimate for the Energy sector has dropped by 27.3%. No other sector has recorded […]