The Federal Reserve has pursued the unprecedented monetary policy of lowering rates to zero and increasing their portfolio from 500 billion to over 4 trillion. But as the Fed reminds us, there is a cost.
Chilling closed-circuit security footage has emerged of the killing of Kim Jong Nam last week, showing two attackers took less than three seconds to carry out the assault on the half-brother of North Korean dictator Kim Jong Un.
Shale oil output in the US may grow significantly over the next five years due to increased activity in oil rigs and fast productivity gains, Bank of America predicts. The key reason: breakeven costs for key major US plays now stand around the $55/bbl mark. Assuming a gradual recovery in oil prices, annual US shale oil growth is expected to rise by 700 thousand b/d annually by 2022: a total increase of 3.5mmbpd.
It’s sickening watching the arrant hypocrisy and windbaggery in Washington over alleged Russian espionage and manipulation. The US has been buying and manipulating foreign governments since 1945. We even tapped German Chancellor Angela Merkel’s cell phone. This week Wikileaks issued an intercept on CIA spying and manipulation of France’s 2012 election. We live in a giant glass house.
Despite record gluts in crude and gasoline amid resurgent US crude production, hedge funds boosted their net long position in WTI last week to a new record high. For the first time ever, hedge funds hold more than a billion barrels of bets that crude oil prices will rally.
"No trace of the other #radioactive products (e.g. #caesium) found in the event of a #nuclear accident. Most likely source of detected #Iodine a plant for the production of #radioactive elements for medical use"
While Donald Trump has been consumed by concerns of halting dangerous foreigners from entering the US, the opposite happened on Monday morning, when eleven people walked through an unscreened security lane at John F. Kennedy International Airport in New York and reprotedly boarded flights to unknown destinations.
If you think it's "progressive" to support war-mongering, neoliberal exploitation and "support our values" social-justice distractions -- sorry, you're a junkie addicted to toxic smack. You're doomed if you can't get the corporate mainstream media monkey off your back.
"...the real issue hidden in plain sight is how America - indeed all the so-called 'developed' nations - are going to navigate to a stepped-down mode of living, without slip-sliding all the way into a dark age, or something worse."
While armchair and tenured economists took Trump to task last week over his reportedly "overly optimistic" GDP projections, it is worth recalling that in 2009 when Obama took office in the midst of a recession, the former president projected GDP growth of 3.5% to 4.5% for 2010-2014. He never even got above 3%.
"The worst thing he could do -- and I see this as a real danger -- would be to politicize the agencies that produce government economic data, to put people in place that will skew the numbers in his favor. If that happens, the data will be useless, and we’ll essentially be flying blind when it comes to the true state of the economy.”
"I want to believe that it was not, because the alternative, that liquidity has devolved to the point that a relatively small and formerly obscure fund can drive the entire market for days on end is quite scary as both a trader and investor."