Chriss Street

Putin at Risk of Being Overthrown if Oil Prices Fall

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Since the fall of the Soviet Union, Russia has suffered from capital-flight out of the country.  But with Western sanctions starting to bite, the modern capital-flight is only $100 billion in cash draining out; it also includes a brain-drain of a number of the nation’s top entrepreneurs leaving.  This flight is forcing Moscow’s upcoming budget […]

California Hit with $31.6 Billion Audit Misstatement

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The California Bureau of State Audits set off a scandal on June 1st by disclosing that the State Controller’s Office made accounting misstatements amounting to $31.65 billion.  The timing of the announcement may be devastating to the Democrats who expected to use their super-majority to pass billions of dollars in increased spending, but may now […]

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Food Price Inflation Scares The Fed

Stock markets around the world fell today, led by the 246 point dive, or 1.5%, for the U.S. Dow Jones Industrial Average and the 1.9% drop for German stock market index. Analysts generally pointed to worries about a shrinking Chinese lending and the potential trade war between Russia and the West, but I am more […]

North Korea’s Dear Leader Sails Into the Mediterranean

A North Korean-flagged oil tanker appears to have loaded oil at the Libyan rebel held Es Sider oil terminal southwest of Benghazi and escaped Libyan Navy pursuit.  Libya’s Parliament voted earlier in the day to remove  Prime Minister Ali Zeidan from office for failure to stop rebels holding the eastern coast of Libya from exporting […]

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