August 2015 archive

Aug 31

Today’s News August 31, 2015

It Gets Even Uglier In Canada Wolf Richter The Province of Alberta, the epicenter of the Canadian oil bust, may be sliding into something much worse than a plain-vanilla recession. And it’s not exactly perking up the rest of Canada. Layoffs are already cascading through the oil patch, as companies are …

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Aug 30

Today’s News August 30, 2015

Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks Last weekend, we explained why it really all comes down to the death of the petrodollar.  China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for …

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Aug 29

Today’s News August 29, 2015

We Are All Preppers Now Via The Mises Institute, Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of the U.K. Yesterday he tweeted some surprising advice in response to the plunge in global equities markets.; Advice on the looming crash, No. 1: …

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Aug 28

Today’s News August 28, 2015

Refugees Expose Europe's Lack Of Decency Submitted by Raul Ilargi Meijer via The Automatic Earth blog, I want to say something about the issue of the refugees -never ever again migrants- that are swamping Europe. So much has been said about them, and so much has happened since I made my first notes, but not …

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Aug 27

Today’s News August 27, 2015

Western Democracy Is An Endangered Species On Its Way To Extinction Submitted by Paul Craig Roberts, The British Labour Party no longer represents the working class. Under UK prime minister Tony Blair, the Labour Party became a vassal of the One Percent. The result has been a rebellion in the ranks and the rise of …

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Aug 26

Today’s News August 26, 2015

Meanwhile In Greece, Pension Funds Tap Emergency Loans This has not been a great year to be a pensioner in Greece.  Over the course of the country’s fraught bailout talks, Greece’s pension system was frequently in the troika’s crosshairs. As for PM Alexis Tsipras, pension cuts were generally considered to be a so-called “red line” …

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Aug 25

Today’s News August 25, 2015

The Raging Fire Within I’ve been trading the stock market for nearly thirty years, virtually non-stop. Today (that is, Monday, August 24) easily ranks in the top five strangest, craziest days in the thousands upon thousands of trading days I’ve ever witnessed. I felt like I was entering a cage of gorillas that had just …

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Aug 24

Today’s News August 24, 2015

The Exquisite Market Setup, 23 Aug There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. …

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Aug 23

Today’s News August 23, 2015

Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%.  The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of …

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Aug 22

Today’s News August 22, 2015

Paul Craig Roberts: "America Is A Gulag" Submitted by Paul Craig Roberts, America’s First Black President is a traitor to his race and also to justice. Obama has permitted the corrupt US Department of Justice (sic), over which he wields authority, to overturn the ruling of a US Federal Court of Appeals that prisoners sentenced …

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