Latest Articles: Business/Finance
The Fun Ends When Socialism Runs Out Of Other People's Money
Post Date: 2016-05-01 02:15:32 by Tatarewicz
0 Comments
PravdaMainForum... (Zimbabwe, Venezuela, America sinking like the Titanic.) This Is The End: Venezuela Runs Out Of Money To Print New Money Zero Hedge: Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days… … we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank ...
LOCKHEED MARTIN Only One of Six Air Force F-35s Could Actually Take Off During Testing
Post Date: 2016-04-30 08:18:26 by Ada
4 Comments
Software glitches continue to dog the nation’s newest fighter jet. Five of six Air Force F-35 fighter jets were unable to take off during a recent exercise due to software bugs that continue to hamstring the world’s most sophisticated—and most expensive—warplane. During a mock deployment at Mountain Home Air Force Base in Idaho, just one of the $100 million Lockheed Martin LMT -0.15% F-35s was able to boot its software successfully and get itself airborne during an exercise designed to test the readiness of the F-35, FlightGlobal reports. Nonetheless, the Air Force plans to declare its F-35s combat-ready later this year. Details surrounding the failed exercise were ...
9 Oil Analysts, 9 Different Explanations - 'Nobody Knows Anything'
Post Date: 2016-04-30 03:54:29 by Tatarewicz
0 Comments
RI... "Still confused? You should be." The invaluable Pepe Escobar breaks it down in layman's terms. The famous Hollywood adage – 'nobody knows anything' – seems to perfectly apply to the current turbulence in the oil market. So in an effort to clarify where the global oil economy is heading to, let’s engage in a Battle of the Oil Analysts. Relying on these Oil Analysts (OA) does not necessarily mean you will be handed straightforward answers, but perhaps with some luck you will see a ray of light. Saudi Arabia is saying that they are raising oil production to 12 million barrels a day. That’s highly debatable. Russia is saying that they can ...
Unmasking the Men Behind Zero Hedge, Wall Street's Renegade Blog The veil is lifted on a secretive website.
Post Date: 2016-04-29 09:04:20 by Ada
5 Comments
Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the nom de doom of the cult classic’s anarchic hero, Lokey’s going public. In doing so, he’s answering a question that has bedeviled Wall Street since the site sprang up seven years ago: Just who is Tyler Durden, anyway? The answer, it turns out, is three people. Following an acrimonious departure this month, in which two-thirds of the trio traded allegations of hypocrisy and mental instability, ...
Anything Trumps Hillary
Post Date: 2016-04-28 20:56:13 by BTP Holdings
1 Comments
Anything Trumps Hillary By David Stockman It’s all over except the shouting. The primary election season effectively ended two nights ago. Now the actual shouting match between Hillary and The Donald begins. This will surely be the most entertaining election in U.S. history. Probably the most pointless, too. After all, Hillary wants to use government to make Government Great Again. And Trump promises to use government to make America Great Again. But government doesn’t make anything great, including itself. It is a necessary evil that always and everywhere is driven toward self-aggrandizement and mission creep by the politicians and special interest lobbies which control its ...
Japan Throws in the Towel on Useless “Stimulus” as U.S. Growth Slows Sharply
Post Date: 2016-04-28 19:47:47 by BTP Holdings
1 Comments
Japan Throws in the Towel on Useless “Stimulus” as U.S. Growth Slows Sharply Mike Larson | Thursday, April 28, 2016 at 4:30 pm Completely useless. That’s what all the so-called “stimulus” from policymakers in Japan has been. The central bank there literally printed up hundreds of trillions of yen to buy everything from government bonds to stock market ETFs to Real Estate Investment Trusts. It kept interest rates near zero for many years, and just cut them into negative territory. It launched the biggest currency devaluation effort in the world. It pledged to do anything and everything to eliminate the nation’s “deflationary mindset.” The ...
Decade-Old Dream Realized as Russia to Price Its Own Oil
Post Date: 2016-04-28 03:22:14 by Tatarewicz
2 Comments
RI... Russian President Vladimir Putin is on the verge of realizing a decade-old dream: Russian oil priced in Russia. The nation’s largest commodity exchange, whose chairman is Putin ally Igor Sechin, is courting international oil traders to join its emerging futures market. The goal is to increase revenue from Urals crude by disconnecting the price-setting mechanism from the world’s most-used Brent oil benchmark. Another aim is to move away from quoting petroleum in U.S. dollars. If Russia is going to attract international participation in Russian-based pricing, the Kremlin will need to persuade traders it’s not simply trying to push prices up, some energy analysts said. ...
Capitalism and the Minimum Wage: “I Got Mine, Screw You.”
Post Date: 2016-04-27 13:21:26 by Ada
7 Comments
To understand the arguments of capitalists against the minimum wage, follow the money. In all the thickets of pious reasoning about the merits of capitalism and the market, and of freedom of contract, and of allowing this marvelous mechanism to work its magic, and of what Adam Smith said, the key is the dollar. The rest is fraud. Carefully ignored is the question that will be crucial in coming decades: What to do about an ever-increasing number of people for whom there is no work. There is of course much hypocrisy in the theoretical edifice. For example, businessmen arguer that the minimum wage constitutes intolerable interference by the government in the conduct of business—meanwhile ...
Bank Heist Exposes Staggering Security Flaws
Post Date: 2016-04-27 06:58:12 by BTP Holdings
0 Comments
Bank Heist Exposes Staggering Security Flaws Published Wed, Apr 27, 2016 | Greg Miller, Senior Analyst bangladesh-central-bank-hacked If you like stories about daring bank heists, you’re gonna love this. One of the greatest thefts of all time occurred earlier this year – one where the robbers managed to escape with an impressive $80 million haul. And yet, it could’ve been avoided so easily. The story is an unusual combination of sophisticated genius and a grossly negligent lack of security and oversight by bumbling bankers. In fact, the robbers could’ve actually made off with $900 million more. So what happened? The Most Ridiculous Thing You’ll Hear All ...
It's All About the Money, Honey
Post Date: 2016-04-25 18:41:38 by BTP Holdings
0 Comments
It's All About the Money, Honey by Adam English Posted April 25, 2016 at 8:30PM It never fails. If you want to know who is behind anything, simply follow the money. Earnings aren't looking good, sales and revenue are shrinking, and central bank policies are wreaking havoc across all types of equities. Corporate cash is piling up, but heavily concentrated in a handful of large corporations. The rest of the market is issuing debt for cheap as fast as it can while the risk vs. reward balance is broken for investors. Companies are borrowing from their future, yet making no plans for when cheap debt will inevitably end. And through all of this something keeps pushing share ...
How Wartime Washington Lives in Luxury
Post Date: 2016-04-25 08:38:23 by Ada
0 Comments
Meet the new class profiting from the growth of the national-security state. In no place in America are the abrupt changes in the nation’s security posture so keenly reflected in real estate and lifestyle than the Washington, D.C. metropolitan area. In the decade after 9/11, it has grown into a sprawling, pretentious representation of the federal government’s growth, vices and prosperity, encompassing the wealthiest counties, the best schools, and some of the highest rates of income inequality in the country. “People hate Washington but they don’t really know why,” says Mike Lofgren, a longtime Beltway inhabitant and arch critic of its culture. But show them what ...
Gold Stalls, Silver Surges, Currency Wars
Post Date: 2016-04-23 20:58:51 by BTP Holdings
0 Comments
Gold Stalls, Silver Surges, Currency Wars Written by Gerardo Del Real Posted April 23, 2016 Silver was the story in the metals space this week, hitting an 11-month high of $17.69 on Thursday and a 5% gain for the week. Copper surprised and rose by approximately 6% this week amid optimism of a healthier economic outlook for China — an outlook that I feel will be short-lived. China accounts for approximately 45% of global copper demand. It’ll be interesting to see if copper can hold the gains. Gold continues to fail to breakout. After hitting a five-week high — also on Thursday — of $1,270 an ounce, it’s retreated once more to the $1,228 level. I continue to ...
Debt Bomb to Cripple America...
Post Date: 2016-04-23 13:23:15 by BTP Holdings
4 Comments
The next couple of days could be the worst in American history. We just hit a dangerous economic "stress point," and now America is facing a system-wide collapse that could begin without police or firemen on duty. Are you ready for food riots? Gas lines? Bank runs? Armageddon, basically. Click here for a FREE Survival Kit. click2.wallstreetdaily.com/t/GA/Nc8/QtY/ACVruA/AAIcqA/MzI3NzczfGh0dHA6Ly9wcm8xLndhbGxzdHJlZXRkYWlseS5jb20vNDkxNjkxLz9lbWFpbD1qLmJldGtlciU0MHlhaG9vLmNvbSZhPTI0Jm89MTM3NzUmcz0xNzExMCZ1PTI0NTI0MDgmbD0zMjc3NzMmcj1NQzImdmlkPWtOZmJ1WiZnPTA./AQ/HW-j
Case Study: Looking Back at Cyprus
Post Date: 2016-04-23 12:36:53 by BTP Holdings
0 Comments
Case Study: Looking Back at Cyprus By TK McDonald Cyprus is a small island nation in the eastern Mediterranean that is split between the north and south. The northern portion is a Turkish-occupied zone and puppet state, The Turkish Republic of Northern Cyprus, while the southern portion is the Republic of Cyprus and is culturally Greek. No other country except Turkey recognizes the northern portion, while the southern portion has been a European Union member since 2004 and part of the eurozone since 2008, before the global financial crisis that occurred in that year. Lead-up to Failure The Cypriot banking failure of 2013 took place in the Republic of Cyprus. Before the subprime ...
Negative Interest Rates Mean Your Government Is Betraying You
Post Date: 2016-04-23 09:57:02 by BTP Holdings
1 Comments
Negative Interest Rates Mean Your Government Is Betraying You Michael Lewitt Email Michael February 18, 2016 24 Nearly 500 million people now live in countries with official negative interest rate policies, and the United States may be next. I say “may be” because Janet Yellen is talking out of both sides of her mouth. In one breath, she’s trying to reassure us that she expects “continued” economic growth – and then in the next, she acknowledges that she wouldn’t rule out lowering interest rates to negative territory. Meanwhile it’s left to the public to try to sort out just how bad things are, and it is my job, as always, to help. The fact that ...
Put Soapy Smith on the Twenty Dollar Bill, Not Harriet Tubman
Post Date: 2016-04-22 10:08:37 by Ada
1 Comments
Well, I hear tell it’s official: They’re going to put Harriet Tubman on the $20 bill. Then supposedly, move the portrait of Andrew “The Architect of the Trail of Tears” Jackson to the flip side, effectively making the proverbial “double- headed coin” of nickel-and-dime bunco scams a reality. But why should we expect less than this from the United States government? I suppose this move will satisfy the need to have chicks on the money. Every progressive will feel swell and celebrate over quinoa crunch and circle the Priuses for an LED “bonfire” and sing-along. Ok, that’s cool and all, but what’s this going to cost? Aside from that, ...
On The Impossibility Of A Soft Landing
Post Date: 2016-04-22 09:47:54 by Ada
0 Comments
While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today’s close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section of history, but financial history has tumbled into the sub-basement of future possibilities. Stated differently, every first-year spreadsheet jockey knows that what drives LBO models and NPV calculations is the assumed terminal year growth rate. Get imaginative enough about the possibilities out there, and you can come up with a swell return on today’s investment even if the next few years look a little rocky—-or even a lot so. ...
Iran MPs vote for $330bn budget plan
Post Date: 2016-04-22 06:33:41 by Tatarewicz
0 Comments
PressTV... Lawmakers in Iran’s Majlis (Parliament) have endorsed the government’s proposed budget bill for the current Iranian calendar year (started March 20). Majlis MPs voted by a majority for the 9,980 trillion rial (329.63 billion dollar) budget during Tuesday’s parliamentary session. Reports say the new budget allows the government to set the price of oil at $40 a barrel and to export 2.25 million barrels per day. Iran says it has increased its crude export to 2.1 million barrels per day, almost double the production levels before a nuclear agreement with UN Security Council members and Germany went into effect in January. The bill will now go to the Guardian ...
Volkswagen to buy back, fix cars hit by emissions scandal
Post Date: 2016-04-22 05:07:53 by Tatarewicz
0 Comments
SAN FRANCISCO, April 21 (Xinhua) -- German automaker Volkswagen agreed on Thursday to fix or buy back nearly half a million diesel cars sold in the U.S. but fitted with illegal emissions software. The settlement between Volkswagen and U.S. Environmental Protection Agency, the state of California and consumers was announced by U.S. District Judge Charles Breyer at a hearing here. Breyer said the deal would allow consumers to sell their cars back to Volkswagen or get them repaired to meet the legally required emissions levels. It also includes "substantial compensations" for consumers and investment on clean technologies to offset excess emissions. The affected cars are ...
The United States of Insolvency
Post Date: 2016-04-21 20:24:07 by BTP Holdings
0 Comments
The United States of Insolvency By James Grant This much I have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem. We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much. We conjure dollar bills by the trillions — right out of thin air. I won’t insist that this can’t go on, because it has. I only say that it will eventually stop. I don’t know the date, but I believe that I know the reason. It will stop when the world loses confidence in the dollars we owe. Come that moment of truth, the nation will resemble ...
Russian production costs are some of the lowest in the world
Post Date: 2016-04-20 05:05:22 by Tatarewicz
0 Comments
True Economics There has been much confusion in recent months as to the 'break-even' price of oil for Russian and other producers. In particular, some analysts have, in the past, claimed that Russian production is bust at oil prices below USD40pb, USD30pb and so on. This ignores the effects of Ruble valuations on oil production costs. Devalued Ruble results in lower U.S. Dollar break-even pricing of oil production for Russian producers. It also ignores the capital cost of production (which is not only denominated in Rubles, with exception of smaller share of Dollar and Euro-denominated debt, but is also partially offset by the cross-holdings of Russian corporate debt by ...
Prepare Now for When the New MyRA Becomes "TheirRA"
Post Date: 2016-04-19 19:07:33 by BTP Holdings
0 Comments
Prepare Now for When the New MyRA Becomes "TheirRA" By Peter Krauth, Resource Specialist, Money Morning • February 10, 2014 In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal… but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare for now… What MyRA Really Means Like most government programs, getting to their essence can take some ...
45% of Americans pay no federal income tax
Post Date: 2016-04-18 10:22:54 by Ada
0 Comments
77.5 million households do not pay federal individual income tax Many Americans don’t have to worry about giving Uncle Sam part of their hard- earned cash for their income taxes this year. An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.) Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton ...
The Subtle Lunacy of Raised Expectations
Post Date: 2016-04-17 12:39:16 by BTP Holdings
0 Comments
The Subtle Lunacy of Raised Expectations By Michael E. Lewitt, Global Credit Strategist, Money Morning • April 17, 2016 I cannot remember another time when the gap between reality and the things that are written to describe it was as wide as it is today. While this is always the case in the political realm, where the government lies to its citizens, it also pertains to the investment landscape. While a minority of strategists keep warning that the epic build-up of global debt is going to lead to crisis, the mainstream media and Wall Street continue to chirp about "the return of the consumer" and "sustainable economic growth." But saying so doesn't make it so ...
The Only Solution to Negative Rates
Post Date: 2016-04-16 22:19:27 by BTP Holdings
2 Comments
The Only Solution to Negative Rates Boris Schlossberg | Wednesday, April 13, 2016 at 4:30 pm More than $7 trillion of sovereign bonds and notes are in issue at less than their face value. That means if you buy a German, Japanese or Swiss bond (some as far out as 10 years), you will actually receive less than you paid for it. Never mind interest payments. You won’t ever collect any of those. For bond investors, who at the very minimum are used to just getting their money back, today’s markets are a bewildering experience that frankly looks like confiscatory finance. But such are the times we live in, where the world’s central banks have been driven to zero and below as ...
Latest [Newer] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 [Older]