THOSE COWBOYS ARE AT IT AGAIN
The sharp decline in the price of a barrel of oil last week was not the result of excess supply over demand. The world has been awash with oil for the last nine months. Consumption even in America has hit lows never seen in decades and the rest of the world has realized it too [...]
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
RUSSIA BEATS CHINA IN TAKING TO THE STREETS
Mr Putin spent last week grandstanding amongst his peers at the Davos economic summit while at home protestors took to the streets of Moscow and Vladivostok. Putin may have been able to grandstand in the international arena when he was reaping the benefits of the world getting ripped off by high oil prices, but now [...]
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