By Nick Cunningham, Oilprice.com: The US coal industry, plagued by rising costs and increasingly stringent environmental regulations, was to have a comeback year in 2014. Instead, it has had an epic year so far in environmental damage and horrible publicity.
By Don Quijones: Christine Lagarde, former economy minister of France, now Managing Director of the IMF, by pledging her undivided allegiance to the dark interests of those she serves, has inflicted untold devastation on families and communities across the globe even as she’s tangled up in a sordid corruption affair in France.
By Benjamin Shepherd, Chief Investment Strategist: As global investor who focuses on the emerging markets, I'm willing to put money to work almost anywhere in the world there’s a return to be made. I say almost because Russia is the one country I avoid.
California is at it again. It released its employment and jobs reports today, in parallel with the national reports released by the Bureau of Labor Statistics. What a doozie. Is the California boom already over?
By David Stockman: The Fed’s bubble machine has fostered a noxious culture of plunder and entitlement on Wall Street. Now a marauding gang of vulture-speculators demands a multi-billion payday on the worthless Fannie and Freddie preferred stock they scooped up.
Washington is tangled up in spirited bouts of mudwrestling over exporting US crude oil, prohibited since the Arab oil embargo. Big Oil, environmentalists, consumer groups, lobbyists, lawmakers – they’re all at it. Yet, exports of "petroleum products" are soaring.
By Mariana Belisario-Blaksley, The Bubble: Government policies have destroyed the economy, sovereignty, and security of our once rich nation. They led to preposterous exchange controls, persecution, expropriation in the private sector, and impunity regarding corruption. Reading the media has turned into masochism....
By James Stafford, Oilprice.com, and energy expert Arthur Berman: This winter, things have begun to unravel. Natural gas inventories are near their 2003 low. Sure, weather is the main factor, but that's always the case. The truth is that supply has not been able to meet winter demand, period. It's a fact that is inconsistent with the fairy tales we continue to hear about cheap, abundant gas forever.
The US offered the Ukraine $1 billion in aid, the EU €11 billion. The IMF is working on its aid package. All to shift losses from lenders, bondholders, hedge funds... to taxpayers. But it won’t rescue the economy. Because it's a cesspool of corruption and plundering oligarchs.
By Bryan Taylor, Global Financial Data: What if IBM had stayed in the Dow Jones Industrial Average between March 1939, when it was removed, and June 1979, when it was re-added to replace Chrysler?
Despite breath-taking hype on Wall Street and President Obama’s budget that assumed economic growth of a glorious 3.1%, corporate executives and directors are quietly dumping their shares in bouts of extreme bearishness, just like they did before the last crash.
By Danny O'Brien, Electronic Frontier Foundation: The Mexican website 1dmx.org, set up in the wake of the protests against the inauguration of President Enrique Peña Nieto, included a campaign against proposed laws to criminalize protest – until it was taken down by GoDaddy, a US company, at the request of the US Embassy.
Regarding Russia’s Ukrainian campaign, Speaker of the House Boehner did what President Obama had done: posturing. “It’s time to stand up to Putin,” he said. NATO met. The UN Security Council met. EU Foreign Ministers met. Sanctions, that’s the common denominator.
By Dan Steinhart, Casey Report: One thing’s for sure: the investment world is enamored with the new green industry. Over the last three months, the worst performer among the purest plays in the marijuana space soared 243%! But wait a minute....
By David Stockman: The fiasco between the Ukraine and Russia over the Crimea “has been morphing for centuries among the quarreling tribes, peoples, potentates, Patriarchs and pretenders of a small region that is none of our damn business.”
“Paranormal liquidity stimulus” leads to “paranormal activity” to deliver that “parabolic overshoot” in asset prices. And there is no bubble in sight, not even in the Nasdaq Biotech index, which is up a cool 375%. Money is once again growing on trees.
By Don Quijones: Europe’s elite seeks to completely redraw the continent’s political and economic map – with or without the consent of the people – taking the countries of Europe towards an arranged political marriage of convenience. Of the elite’s convenience.
Small investors are having fun in the stock market again, after years of sitting out the most phenomenal rally. They’re leveraging up their portfolios. Margin debt is spiking beautifully. Alas, spiking margin debt has a nasty habit of ending in a crash. In one painful chart.
By Dennis Miller: The Fed bailed out too-big-to-fail banks that made bad business decisions. It acknowledged its policies force seniors to put their life savings at risk. It blew a stock bubble that will eventually burst. And bankers are paid record bonuses. What gives?
How long before the dollar surrenders its status as world reserve currency and number-one payment currency to the Chinese yuan and to that other currency everyone loathes?