I have devoted many blog posts to the erosion of the middle class, for the specific reason that when the middle class–the layers of the economy between the Power Elites and landless laborers/state dependents–erodes away, the nation/empire is destabilized and descends
January 17, 2016
I am fairly sure it is a coincidence, but current US GDP is not disappointingly low compared to an almost incredibly crude forecast based on data from before 1990. This graph (which you have to click more to see) shows
Goldman Sachs is finally paying a price (money) for the role it played in 2007 mortgage scandal, but of course nobody goes to jail proving Goldman still remains above the law. The Wall Street firm agreed to only a civil settlement of up
Futures this evening show Brent Crude is just over $28 a barrel, down another 3.4 percent. At one point futures were $27.67. Meanwhile, US West Texas Intermediate (WTI) sits at a relatively firm price near $30. The key word being
Or should that be ‘Thou shall not pass … pretty please’ Janet Yellen. If there is a MARKET CRASH, then these are the charts BEFORE the event! A fellow country man made this little movie, and a great line went
According to the Energy Information Administration’s Monthly Energy Review database, world field production of crude oil in September was up 1.5 million barrels a day over the previous year. More than all of that came from a 440,000 b/d increase in
There is a great lyric in Won’t Get Fooled Again by The Who: Then I’ll get on my knees and pray We don’t get fooled again Remember last week, when the price of silver spiked? On Thursday that week, the price was
Brief Introduction: Just as this author had addressed beginning of summer in an article regarding oil and the Ghost of the 1985, it appears oil is going to further its decline. But then again, everything is going to decline –
I’ve got twenty long positions (which, for me, is as freakish as Khloe Kardashian being granted an actual PhD from Stanford University), and they fall into a couple of categories. Most of them are lottery plays – – goofy gambles,
Gold: Having reversed part of its previous week gains to close lower, remains vulnerable below the 1104.49 zone. On the downside, support comes in at the 1070.00 level where a break will turn attention to the 1060.00 level. Further down,
