The oil war has finally reached its tipping point after 13 long months. This struggle between Saudi Arabia, and its much smaller North American adversaries has recently shifted as the application of innovative extraction technologies is now gaining the upper hand.
When you lose over a million manufacturing jobs, but replace them with waiter/bartender jobs what do you get? Answer: Politicians trying to claim we are in a recovery.
Saudi boys need to die before American boys. There, I said it. And while we’re at it, you can throw in Iraq, Kuwait, Qatar, Egypt, and Turkey. If their kids don’t fight the war against ISIS, your kids will.
We will finally learn, after more than 40 years of not knowing, what the free market supply/demand price of crude truly is. This knowledge will make it harder for secretive governments and corporations to manipulate prices in the future, while strengthening domestic production to weather supply shocks in the future.
Something is brewing in Europe now that has the Swiss National Bank worried. If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg
In less than three weeks, the most important election of the year will take place in Switzerland, and you haven’t heard of it. While the U.S. focuses on the recent Republican victory, the financial markets are facing an earth-shaking event
The U.S. electoral system is a farce. It is controlled with the same mastery with which Coke and Pepsi dominate the soda market. It is sold to the American public as if the free and open exchange of ideas is
In the world of near-zero interest rates, it becomes more important than ever not only to make decent returns on your money, but just as importantly to avoid paying these gains out in additional taxes. Now that baby boomers are
Last week the IRS announced that Bitcoin is not a currency and is, instead, property. This has effectively turned tens of thousands of Americans into tax cheats and endangered the adoption of Bitcoin by wider audiences – even more so
During President Obama’s State of the Union, he decided to roll out another of those bold-faced distortions in an attempt to convince the public that the government must be called in to correct some “injustice” that simply does not exist.
One of the most famous lines in all of finance is a quote from Baron Rothschild, who made a significant fortune buying into the panic following the Battle of Waterloo. He is credited with saying, “Buy when there’s blood in
The free market is a bitch. Yes I said it–no white washing, no fairytales. Just like real life, the free market is a harsh teacher. Those who grew up having always been told they’re “special” and having received trophies for
The emperor has no clothes. Now that the President has been exposed by the likes of concerned patriots like Edward Snowden, he is running around trying to rescue his legacy and save face to the staunch leftists who once supported
It is astounding that after decades of empirical evidence, there continues to exist misguided minds who fail to understand simple supply and demand and how these forces shape the minimum wage debate. Numerous studies across different times and locations have
Sometime within the last year, the U.S. has probably killed more innocent people through drone strikes than the 2,606 U.S. citizens killed on 9/11. Although there are no hard numbers for the public to source, the statistical ratio from leaked sources can
Bitcoin will change the landscape of monetary transactions across the world for those seeking increased privacy. It may even threaten elements of the existing monetary system so much in the next few years that it fuels its own demise. This
The United States gave birth to an abomination on December 23, 1913. It was conceived by a group of men right out of Rosemary’s Baby and consummated in a secret gathering place known as Jekyll Island. Some of the richest and
When I was a kid I used to pray for the snowy days of winter. When the other kids were dreaming of a day free from the drudgery of school and the fun of sledding and snowmen, I was thinking
Two old wolves and a young sheep go out to dinner. What’s on the menu? The Affordable Care Act (ACA), a.k.a. Obamacare, should have the younger members of the country up in arms with its sneaky, intergenerational theft provision. Once
There is a boom coming from the private sector thatlooks to rewrite the American story for the next generation. It is possibly the life preserver this country needs as it attempts tocorrect itself from decades of expanding debts. These two
Our financial system is in such a state of myopia that rather than eyeing corporate earnings and other barometers of economic health, the market is solely fixated on how much longer the Fed is going to continue with its Quantitative
The great bull market in U.S. bonds now appears to be over after 32 years, and its repercussions will be felt for years to come across all markets. It is my assertion that these years’ falling-interest-rate tailwind was much of
Janet Yellen will be our new Fed chair in 2014, replacing the departing Ben Bernanke. Let me just start by saying that I have never had any dealings with Janet Yellen, nor do I know anyone who has. My conclusions,
I have known my fair share of drunks in my day, real hardcore addicts who continue to believe they have their problem handled as their world crumbles around them. It is painful to watch and even harder to live through
The unprecedented expansion of the Fed’s balance sheet over the last few years looks like it may be setting us up for a bond bubble and future currency crisis of historic proportions. Looking over the $17 trillion in national debt, and the Fed’s
