Angus Macleod made a valiant effort to counter Russian nuclear aggression but in the end couldn't quite land Moby Dick...
The average American spends more than 10 hours a day using an electronic device... and most of that activity is not even interactive. The vast majority of the time we are just passively absorbing content that someone else has created. Instead of humans being forcefully connected to “the Matrix”, we are all willingly connecting ourselves to it, as the system that defines our reality for us gains greater and greater hold over everything.
"Equity crowdfunding, or raising capital directly from a large group of investors, is widely used for projects from technology to fashion. Now, at least two small Texas firms are testing the concept in the oil and gas industry."
Krugman wants his US readers to believe that all proper economists now agree that cutting deficits was a bad mistake, and it’s only self-interested finance types and ideologically-motivated politicians and think-tankers that take a different view. But that’s nonsense. Just think about it: “Everyone agrees that austerity was a mistake”… apart from every government in Europe except the Greeks, and the economists and many of the civil servants that advise them. Krugman and his fan-club do not constitute all serious opinion, much as they might like to regard themselves that way. It’s all very nice sitting in a US university office preaching to the Europeans (or, indeed, preaching in the New York Times)
"The Fed is a reluctant Dollar bull," explains Goldman Sachs, noting that Yellen inadvertently revealed the FOMC's expectation that coming policy changes will boost the greenback. Broadly speaking the rest of the sell-side has herded along into the strong US Dollar camp with only Unicredit (rate shift may slow recent very strong USD momentum) and Morgan Stanley (suggesting USD corrective activity) backing away from full dollar bull though most suggest adding to dollar longs on any dip as the most crowded trade in the world gets crowded-er. Then Stan Fischer added... "DOLLAR WON'T KEEP RISING FOREVER."
It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.
There Goes The Shale M&A Bid - Whiting Petroleum Finds 'No Buyer', Forced To Issue Massive SecondarySubmitted by Tyler Durden on 03/23/2015 - 17:54
TINA - There Is No Alternative... except when it comes to energy stocks. Having been exuberantly chased brioefly after announcing it was looking for a buyer - fueling further excitement about a low-oil-price-driven Shale firm M&A boom - Whiting Petroleum appears to have found no buyer as it prepares for a massive 35 million share secondary dilution (and almost $2bn of new debt). We wonder - have they tried Kickstarter?
"Leverage is risky. Purchasing assets with borrowed money can amplify small movements in prices into extraordinary gains or crippling losses, even default."
- San Fran Fed
Paul Tudor Jones ruffled more than a few feathers last week when he warned first that "we're in the middle of a disastrous market mania," and second he explained that "this gap between the 1 percent and the rest of America, and between the US and the rest of the world, cannot and will not persist," concluding that "historically, these kinds of gaps get closed in one of three ways: by revolution, higher taxes or wars. None are on my bucket list." His thesis is simple and profound as the following full speech shows...
One man's fantasy is another man's facts...
Spending cuts for oil-directed drilling have dominated first quarter 2015 energy news but rig counts for shale gas drilling are too high. Investors should pay attention to this growing problem. Bank of America fears sub-$2 gas prices now that winter heating worries are over. Low natural gas prices affect the economics for gas-rich oil production in the Eagle Ford Shale and Permian basin plays as well as for the shale gas plays. Meanwhile, an orgy of over-production is taking place in the Marcellus Shale... Investors should carefully examine why shale gas players have not reduced rig counts more. Continued drilling in the Marcellus will crush natural gas prices further.
Cypriots celebrate the bail in anniversary...