What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences.
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Contributors- Economic and Financial, Must Read, Wolf Richter
Giant Sucking Sound? Emerging-Markets Fiasco To Topple European Banks – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
It’s not like Europe is out of the woods, after years of recession, lurching from bank bailout to country bailout, and sweeping remaining fetid matters under the rug. But its banks are now sinking deeper into an even greater morass: the emerging-markets fiasco.
Contributors- Economic and Financial, Must Read, Wolf Richter
Massive Mission Creep In War On Syria (Already!) – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
An American attack on Syria would just be a punitive action for the gruesome gas attacks. “Regime change” wouldn’t be part of it. That was the idea. Now the Senate Foreign Relations Committee voted to authorize President Obama to wage…
Contributors- Economic and Financial, Must Read, Wolf Richter
Perfecting The Surveillance Society – One Payment At A Time – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Governments, corporations, even that genius app developer in Russia have one thing in common: they want to know everything. Data is power. And money. As the Snowden debacle has shown, they’re getting there. Technologies for gathering information,…
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Goldman Sachs: Buy JPMorgan, hold off on Morgan Stanley – CNNMoney
by Newswires • • 0 Comments
Ventures AfricaGoldman Sachs: Buy JPMorgan, hold off on Morgan StanleyCNNMoneyIn contrast to Morgan Stanley's issues, JPMorgan's trading loss is more of an aberration, according to Goldman's analysts, who said they buy CEO Jamie …Morgan S…
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US Gasoline Falls to $3.78 a Gallon – Bloomberg
by Newswires • • 0 Comments
News10.netUS Gasoline Falls to $3.78 a GallonBloombergThe average price for regular gasoline at US filling stations fell 6.19 cents in the past two weeks to $3.7833 a gallon, according to Lundberg Survey Inc. The survey covers the two-week period ended…
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Messy Facebook debut marks weak day on Wall Street – Reuters Africa
by Newswires • • 0 Comments
The GuardianMessy Facebook debut marks weak day on Wall StreetReuters AfricaBy Chuck Mikolajczak NEW YORK (Reuters) – US stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sal…
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CRUDE FUTURES: Crude Falls In After-Hours Trading After API Forecast – Wall Street Journal
by Newswires • • 0 Comments
CRUDE FUTURES: Crude Falls In After-Hours Trading After API ForecastWall Street JournalNEW YORK (Dow Jones)–US crude-oil futures tumbled almost a dollar in after-hours electronic trading Tuesday after an industry report predicted swelling supplies. Li…
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Italy sells 3-yr bond below market yield – Reuters
by Newswires • • 0 Comments
BloombergItaly sells 3-yr bond below market yieldReuters| MILAN May 14 (Reuters) – Italian borrowing costs remained under pressure on Monday at the first bond auction by a peripheral euro zone issuer after a Greek vote brought into question the country…
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GLOBAL MARKETS-Stocks, oil slump on weak jobs data – Reuters
by Newswires • • 0 Comments
FirstpostGLOBAL MARKETS-Stocks, oil slump on weak jobs dataReuters* Weak US payrolls, PMI reports in Europe, spell gloom * Global shares slide; bond prices jump on QE3 hopes * Brent crude falls to 3-month lows under $113 a barrel * Dollar slips vs yen …
