On Friday and Saturday we spoke at length with the well-known author, financial analyst, and commentator Gary Shilling on his outlook for stocks, bonds, oil, the economy, and a whole host of other topics, including […]
By ZeroHedge As we showed previously, when it comes to banks’ exposure to energy, things have gotten beyond nebulous, especially in the aftermath of the (officially denied, even though we stand behind it 100 percent) […]
By Michael Snyder, on January 18th, 2016 Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of […]
by Raúl Ilargi Meijer Russell Lee Tracy, California. Tank truck delivering gasoline to a filling station 1942The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first […]
By James Stafford The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle […]
by John Rubino It seems that at least some OPEC members are starting to panic: War of words breaks out among OPEC members (CNN Money) – Is the pain of low oil prices becoming unbearable […]
by Raúl Ilargi Meijer Berenice Abbott William Goldberg, 771 Broadway, Manhattan 1937If there’s one thing to take away from this year’s developments in markets and economies so far, it’s that they are all linked, they’re […]
By Michael Snyder We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary […]
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