The End Is Near, Part 7: Governments Become (Really Bad) Money Managers,...
2015 was a year Brazil would like to forget. Its economy crashed, its political class was decapitated by a corruption scandal, a huge iron mine dumped toxic waste onto a bunch of villages — and the...
View ArticleWorld On Fire
The latest Middle East news is right out of ISIS’ medieval playbook. But it’s not (at least not all) ISIS. US ally Saudi Arabia apparently decided to start the New Year off by beheading or shooting 47...
View ArticleIs Oil About To Become Front-Page News? “A Glut That Held Prices Down For...
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the...
View ArticleWe Are So Not Prepared For Another Oil Shock
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still...
View ArticleThe Week Begins On A Scary Note
The US markets awoke to news of several big, disturbing overseas events: Glencore implodes. Think of Swiss commodities giant Glencore as a modern version of Enron, in the sense that it owns physical...
View ArticleWe Aren’t Nearly As Worried About The Middle East As We should Be
What’s the opposite of a gift that keeps on giving? A mistake that keeps metastasizing. Which pretty much sums up the US role in the Middle East. Beginning with the CIA’s 1953 overthrow of Iran’s...
View ArticleBIDEN LEGACY: Saudi Arabia will join BRICS
Guest post by Jim Hoth from the Gateway Pundit blog: Saudi Arabia, the largest U.S. export market in the Middle East, invited Chinese President Xi to visit Riyadh in March as relations with the U.S....
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