Latest Articles: Business/Finance
Sparking tension: Baltic electricity plan turns tables on Russia
Post Date: 2015-12-14 00:12:48 by Tatarewicz
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Yahoo... Vilnius (AFP) - When Lithuania inaugurates two electrical links to the West on Monday, it will launch a process that will reduce its reliance on Russian electricity, and one day could make Russia dependent on the Baltic grids. With Russia accustomed to wielding energy supplies as a political weapon, the possibility that its westernmost outpost of Kaliningrad could become reliant on the West to keep the lights on has Moscow seething, straining already tense ties over Ukraine. "The first electrons have already passed" through the EU-backed power cables from Sweden and Poland, said Energy Minister Rokas Masiulis after the links were tested. The undersea cable to Sweden ...
One of the Biggest Food Industry Opponents to Labeling Laws Prepares Non-GMO Label
Post Date: 2015-12-13 23:56:55 by Tatarewicz
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TakePart.com If you’re the kind of consumer who avoids GMOs at the grocery store, you’re about to get some help making more informed shopping decisions from an unlikely party: PepsiCo. Early next year, the label from the Non-GMO Project, the largest third-party verification program of GMO-free foods out there, will be featured on Tropicana Pure Premium orange juices and a number of other products. PepsiCo, Tropicana’s parent company, has spent $9 million campaigning against state-level mandatory labeling laws, according to the advocacy group Just Label It, and another $11 million lobbying for a federal bill that would preempt local labeling laws and create a voluntary ...
Russia to launch own crude benchmark in 2016
Post Date: 2015-12-13 22:12:13 by Tatarewicz
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© Sputnik Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). © Thomas Peter Russia hints at oil price discount to keep European market share "Our goal is to take a place among the major indicators. Currently, the pricing for most of our oil exports which as well determines our budget, is in the hands of our partners,” SPIMEX advisor Segey Kvartalnov told reporters. He added that it’s important to set a more relevant mechanism for determining a fair price for Russian crude. Initially the Russian futures market could ...
How to Get a FREE COPY of the Best-Selling Silver Investment Book of All Time Rushed to Your Door... Just as the bottom in silver creates a perfect buying opportunity!
Post Date: 2015-12-12 09:13:38 by BTP Holdings
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How to Get a FREE COPY of the Best-Selling Silver Investment Book of All Time Rushed to Your Door... Just as the bottom in silver creates a perfect buying opportunity! You'll also get a brand-new "special appendix" with instructions on how to buy silver below spot prices — right now! And an exclusive offer for your eyes only: a discount on all silver & gold bullion. "Silver prices are bottoming and will soon explode higher... If you want to profit, you MUST have Michael Maloney's Guide to Investing in Gold and Silver." — Nick Hodge Founder, Like Minded People Dear Reader, Precious metals expert Michael Maloney believes we’re on the verge ...
Largest Mutual Fund Failure Since 2008 … Here’s What it Means
Post Date: 2015-12-11 19:34:10 by BTP Holdings
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Largest Mutual Fund Failure Since 2008 … Here’s What it Means Mike Larson | Friday, December 11, 2015 at 4:18 pm The junk bond market has been bleeding for more than a year, with prices falling and yields rising. And while the carnage started in the energy sector, it has gradually spread throughout the high-risk bond and leveraged-credit markets. Now, the troubles have claimed a major mutual fund victim — the Third Avenue Focused Credit Fund (TFCIX). The fund was chock full of junk bonds, stocks, warrants, loans and preferred shares, and those securities have been plunging in value. It had lost almost 27% of its value year-to-date, as you can see in this chart … ...
The Fed has painted itself into the most dangerous corner in history
Post Date: 2015-12-11 10:03:26 by Ada
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The chart below crystallizes why the Fed is stranded in a monetary no man’s land. By the time of next week’s meeting the federal funds rate will have been pinned at about 10 bps, or effectively zero, for 84 straight months. Yet during that same period, the consumer price level has risen by 1.75% per year. And that’s if you give credit to all of the BLS gimmicks, such as hedonic adjustments for quality change, homeowners “imputed” rents and product basket substitution, which cause inflation to be systematically understated. On a basis that is close enough for government work, therefore, the real money market interest rate has been negative 2% for seven years. But ...
Zombies appear in U.S. oilfields as crude plumbs new lows
Post Date: 2015-12-11 02:46:51 by Tatarewicz
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Yahoo... HOUSTON/CHICAGO (Reuters) - Drained by a 17-month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably drill new wells and bring in enough cash to keep them in business. The slump has created dozens of oil and gas "zombies," a term lawyers and restructuring advisers use to describe companies that have just enough money to pay interest on mountains of debt, but not enough to drill enough new wells to replace older ones that are drying out. Though there is no single definition of a zombie, most investors and analysts consulted by Reuters say they tend to have exceptionally high ...
The FBI pushes Congress to alter Silicon Valley’s “business model”
Post Date: 2015-12-10 22:46:08 by BTP Holdings
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“When the FBI killed capitalism,” quips the civil liberties blogger Marcy Wheeler on Twitter. Here we go again: The feds say Silicon Valley needs to rethink its “business model.” We return today to the topic of “end-to-end encryption” -- the security technology Apple has built into the current version of iOS and Google has built into the current version of Android. “It means that only the sender and the recipient of a message can unlock it,” explains Andrea Peterson at The Washington Post -- “so, basically, only each ‘end’ of the conversation holds the keys.” That also means it’s impossible for the feds to read intercepted ...
Credit Stress: It Isn’t Just Energy
Post Date: 2015-12-10 20:14:27 by BTP Holdings
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Credit Stress: It Isn’t Just Energy Mike Larson | Thursday, December 10, 2015 at 4:18 pm “Well-contained.” That’s the phrase government and Federal Reserve officials used to describe the subprime mortgage problems in 2006 and 2007. They said the stress wouldn’t spread to the rest of the mortgage and housing industry, much less the broader economy. I said the exact opposite at the time. Sure enough, the entire credit and stock market collapsed, while the economy fell into its deepest recession in decades. Now, many bullish pundits are saying today’s credit-market problems are largely bottled up in the energy sector. A handful of them are willing to admit ...
It Must Be Safe. What Could Go Wrong
Post Date: 2015-12-10 17:32:40 by Ada
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The Federal Reserve, as have all the world’s central banks, has proven that it will happily create as astonishingly much cash and credit as is necessary to completely save the bond market, save the stock market, save the housing market, save the banks, save the government and save everything from everything. How wonderful! Therefore, I have decided, after thinking about it all day, that it must be temporarily safe to venture out of the Top Secret Mogambo Bunker (TSMB) into a scary world where every economic metric is at an extreme overvaluation, and doom and destruction loom over every moment. I mean, what could go wrong? Suddenly, almost on a whim, oh frabjous day! I found myself ...
Why is Warren Buffet buying weed?
Post Date: 2015-12-10 07:22:31 by BTP Holdings
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Everybody knows Warren Buffett as the world’s greatest investor and the third richest man... So why is he piling his fortunes into secret warehouses full of marijuana...? Well, my investigation uncovered the shocking answer... The $200 billion truth behind Buffett’s most controversial scandal EVER... And why some of the world’s richest investors are now following Buffett’s lead. Like Peter Thiel, George Soros, and Elon Musk. All of these "drug dealers" are pouring in millions to see the windfall of a lifetime on the marijuana boom... Something like 2,900% gains are on the table. And Obama is doing nothing to stop them. Here’s how to join them ...
This Sucker Is Going Down. Again.
Post Date: 2015-12-09 21:06:47 by BTP Holdings
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This Sucker Is Going Down. Again. By David Stockman David StockmanIn the aftermath of the Lehman bankruptcy filing, George Bush famously told a group of Congressional leaders that unless they immediately passed an open-ended Wall Street bailout, “this sucker is going down”. They blindly complied. Yet for awhile it seemed of no avail. By the post-crisis bottom in the first quarter of 2009, household net worth had plunged from $68 trillion to $55 trillion or by nearly 20%. That reflected a 60% collapse in the stock averages and a 35% meltdown of housing prices. For a fleeting moment it appeared that economic truth had come home to roost. Namely, that permanent gains in wealth ...
Canada Just Warned That Negative Interest Rates Are Coming
Post Date: 2015-12-08 14:09:16 by Horse
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Moments ago, the Bank of Canada's chief finally said what we had been patiently waiting for over the past several months: admission that Europe's experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE AROUND -0.5% BOC POLOZ: CANADN FIN MKTS COULD FUNCTION IN A NEG INT RATE ENVRIONMNT BOC POLOZ: 'SHOULD THE NEED ARISE' FOR UNCONVENTIONAL MONETARY POLICY, 'WE'LL BE READY' That, as they say, is "forward guidance" of what is coming. And what is coming, is also precisely what Keith Dicker from IceCap Asset Management said in his latest monthly letter, would happen in ...
[CRISIS ALERT] Tom interviews Porter on how to survive the new credit default cycle
Post Date: 2015-12-08 06:39:56 by BTP Holdings
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[CRISIS ALERT] Tom interviews Porter on how to survive the new credit default cycle Ready? Editor’s Note: On Friday, we asked to know your concerns over the Federal Reserve’s looming interest rate hike. The response was overwhelming... and the feedback was disturbing. People fear their retirement savings cannot withstand another shock to the financial system. We’re marshaling PBRG’s maximum “firepower” to help carry you through this economic minefield unscathed. In two days, we’re holding an emergency wealth-protection summit. All PBRG subscribers are invited to attend. In preparation, we share a can’t-miss interview below. PBRG Founder Tom Dyson ...
Is an economic depression likely now?
Post Date: 2015-12-08 05:42:29 by BTP Holdings
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Is an economic depression likely now? By Mike Burnick, Weiss Research Larry Edelson — the Weiss Research Senior Analyst who accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says that a great global depression is now likely. Edelson, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading spread to Japan and the United States. RELATED: Best investments as European economy declines “Everything in nature moves in regular, rhythmic, predictable cycles,” says Edelson. “From the rising and setting of the sun and ...
Central Banks Are In The Harvest Phase Of The Economic Collapse:John Titus
Post Date: 2015-12-06 22:52:30 by Southern Style
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The End Is Near: Protect yourself from the end of “free” money right now...
Post Date: 2015-12-04 06:55:45 by BTP Holdings
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The End Is Near: Protect yourself from the end of “free” money right now... Locked “Yellen’s statement makes a rate raise in two weeks a virtual lock... ” Mega Trends Investing Editor Teeka Tiwari sent me an urgent email. He’d just learned of Federal Reserve Chairwoman Janet Yellen’s speech to the Economic Club of Washington on Wednesday. MarketWatch had this to say about it: Yellen suggested that she thinks the two requirements set out by the Fed for a rate hike—further improvement in the labor market and confidence that inflation will move higher—have been met. Folks, it’s here... barring a “black swan” event, the Federal ...
This unbelievable development in the gold market says a reckoning is near
Post Date: 2015-12-03 06:47:45 by BTP Holdings
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This unbelievable development in the gold market says a reckoning is near Registered gold on the Commodities Exchange (COMEX) just hit an all-time low... Zero Hedge reports the number of registered physical gold ounces sitting in COMEX vaults dropped 11% overnight on November 30. It’s down to just 134,877 ounces. That’s an all-time low. But the number of “paper gold” COMEX contracts just hit an all-time high. There are now 294 ounces of gold claims for every ounce of deliverable gold in COMEX vaults. Chart Traders buy and sell paper gold contracts as a way to speculate on the price action of gold... without having to own gold itself. The vast majority of these ...
Citi: 65 Percent Chance of US Recession in 2016
Post Date: 2015-12-02 20:17:30 by BTP Holdings
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Citi: 65 Percent Chance of US Recession in 2016 Image: Citi: 65 Percent Chance of US Recession in 2016 (Dollar Photo Club) Wednesday, 02 Dec 2015 10:10 AM The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. As the U.S. economy enters its seventh year of expansion following the 2008-09 crisis, the probability of recession will reach 65 percent, Citi's rates strategists wrote in their 2016 outlook published late on Tuesday. A rapid flattening of the bond yield curve towards inversion would be a key warning sign. "The ...
Mark Down These Dates: U.S. Dollar "Substitute" will soon be revealed
Post Date: 2015-11-29 17:36:43 by BTP Holdings
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Mark Down These Dates: U.S. Dollar "Substitute" will soon be revealed If you own anything priced in U.S. dollars, an upcoming announcement could start a new era in modern finance, and could create a once-in-a-lifetime moneymaking opportunity. Hi, my name is Dr. Steve Sjuggerud. I'm the Chief Strategist for Stansberry Research. We're one of the largest independent financial research firms on the planet, with more than 350,000 clients in over 170 countries. I've put together this letter to alert you to an important financial announcement coming soon, which could signal a huge shift in the international currency markets. For anyone who holds their savings or ...
The Day All The ATMs Ran Out Of Cash
Post Date: 2015-11-29 11:03:54 by BTP Holdings
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The Day All The ATMs Ran Out Of Cash Written by: Daniel Jennings Financial Image source: telegraph.com Money plays such an important role in our lives that most of us could not imagine surviving without it. Yet that is exactly what you need to do if you want to prepare for an economic condition called deflation. Deflation is the term economists use to describe a “general decline in prices, often caused by a reduction in the supply of money or credit.”[1] A good way to think of deflation is as the opposite of inflation. Inflation occurs when there is too much money in circulation, which destroys its value and raises prices. When deflation occurs, there is too little money ...
My Boss Just Sent Me A Strange Manifesto… and it’s terrifying for Americans
Post Date: 2015-11-29 09:16:31 by BTP Holdings
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A couple days ago, I got a weird FedEx from my boss, who up till now was supposedly holed up on an isolated ranch in South America. It’s a 49 page document… some of it typed… some of it handwritten. But the research this manuscript contains has serious implications for each and every American. Because if what I’ve just read is true, you and I are about to see the biggest systemic change since the break-up of the Soviet Union in 1991. Except this time it won’t be happening to “the other guy.” Ground zero for this shift will be right here in America. And the shockwave created by this event will sweep through every layer of American lift. I’ve ...
Less Urgent... but More Important
Post Date: 2015-11-28 10:20:09 by BTP Holdings
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For the record: It took only 15 days for Uncle Sam to rack up another $100 billion in debt. We’ve been keeping an eye on the national debt all this month — ever since Congress and the White House agreed to suspend the debt ceiling (again) until March 2017. It didn’t much surprise us that the national debt grew from $18.15 trillion to $18.49 trillion between Oct. 30 and Nov. 2. It did surprise us when the total leaped $100 billion in the following three days, to $18.61 trillion. And only 15 days since crossing the $18.6 trillion mark — the most recent figure is last Friday — we’re now past $18.7 trillion. The figure would be even higher were it not for an ...
Iran’s biggest oil investment event opens
Post Date: 2015-11-28 09:23:26 by Tatarewicz
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PressTV... An important conference opens in Tehran to lay out 50 oil and gas projects worth $185 billion for development through foreign investment which Iran hopes to trickle in with the lifting of Western sanctions. “Now, it is an appropriate time for the oppressive sanctions against Iran to be lifted and once again it is proved that sanctions against oil flow harm both the producer and consumer and that oil must not be threatened and sanctioned with a political attitude,” Petroleum Minister Bijan Zangeneh told the opening Saturday. As many as 250 representatives of companies from 33 countries are attending the conference which will also feature Iran’s introduction of a ...
Yellen tries to cover the Federal Reserve’s fraud
Post Date: 2015-11-27 07:04:47 by BTP Holdings
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Yellen tries to cover the Federal Reserve’s fraud Posted on November 27, 2015 by Bob Livingston Either Fed Chairman Janet Yellen is a consummate liar or she is oblivious of the economic realities of her policies and those of her predecessor, Helicopter Ben Bernanke. Or, more likely, she is both. In a letter to Ralph Nader on Monday, Yellen said that zero interest rates had helped create millions of jobs by lowering borrowing costs for businesses and consumers. The truth is zero interest has decimated the livelihood of savers and the elderly living off retirement income, while making the 1 percent thousands of times richer. Yellen was responding to an open letter Nader wrote on his ...
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