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Submitted by Charles Kennedy of Oilprice.com, Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American country swap oil for its drug debts. After an unlucky gamble on India’s part that Venezuela’s emerging economy would be a […]Read More

In yet another development in the train wreck that is Obamacare, while we know that the legislation is failing individuals and businesses, the government is now failing to live up to its obligations made to the insurers who chose to participate in the healthcare exchanges. The Affordable Care Act set up what is called a […]

Authored by SaxoBank’s Michael McKenna via Tradingfloor.com, 2016 has seen a popular reaction against zero-bound policies Political elites are struggling to preserve an unfruitful status quo ‘The world has become elitist in every way’: Jakobsen Political middle has become crowded, stagnant; new spectrum of ideas needed Investment in education and research needed; zero rates are […]Read More

With banker bonuses set to drop this year, it should be no surprise that things are not all sunshine and roses on Wall Street. After 30 years of dramatically outperforming Main Street, Wall Street wages may be set for some mean-reversion as JPMorgan analysts take an ax to the biggest global investment banks’ earnings. As […]

Now that China’s brief infatuation with “rationalizing” excess capacity in its massively glutted (and insolvent) steel sector is over after lasting all of 2-3 months, China is back to doing what it did in late 2015 (and what it has always done) when as we reported, a surge in Chinese exports led to the first […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, Earnings: Everyone Gets A Trophy The ongoing process of the “wussifcation of America” has now spread from Main Street to Wall Street. When I was growing up, we played sports. Coaches yelled at us, when we got hurt we were told to “rub some dirt on it” and “walk […]Read More

From uber-doves to ultra-hawks in 3 weeks (and a few hundred Dow points), today’s FedSpeak did not rescue stocks as everyone assumed it did as Dudley’s Dud dropped risk… [embedded content] “Sell In May” is working once again… And while The Dow craped back into green, S&P 500 closed red for 2016… This week’s chaos […]Read More

The writing on the wall for Theranos has been clear for months, but it was only last night that the endgame started in earnest when the WSJ reported that the company itself effectively admitted its technology was a fraud, when it said it would restate and void two years of blood test results, and admitted […]

As we explain in our book Splitting Pennies – the world is not as we think!  Every day, our money is worth less and less, and markets become more cumbersome, regulated, and overall disfunctional (except for an elite group of billionaires that can front run orders due to advanced computer-aided execution because of ‘order types’). […]

Submitted by Mac Slavo via SHTFPlan.com, Any way you slice it, the Democratic National Convention coming up in Philadelphia in late July promise to be tumultuous. Though Hillary Clinton and the party insiders long ago expected the 2016 primary to be a formality (which conspicuously few hopefuls in the race), the grassroots voters are feverishly […]

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Bukola Saraki, Nigeria Senate President The leadership of the Senate led by Senate President, Dr. Abubakar Bukola Saraki, on Thursday, waded into the ongoing disagreement between the Nigeria Labour Congress (NLC) and the Federal Government over the recent deregulation of  fuel price in the country. Saraki met with the leadership of the Comrade Ayuba Waba-led […]