Authored by George Friedman, Xander Snyder, and Ekaterina Zolotova via MauldinEconomics.com,
The US Congress has passed new sanctions targeting Russia’s energy companies. Among the other notable aspects of the sanctions is that they take some authority away from the US president (who used to be able to implement some measures but not others at his discretion) and give it to Congress.
Authored by Drew Johnson via The Daily Caller,
On Friday, Al Gore’s sequel to “An Inconvenient Truth” – “An Inconvenient Sequel: Truth to Power” – arrives in movie theaters across the country. But there’s another inconvenient sequel worth noting and, like most sequels, this one is even worse than the original.
Gore’s hypocritical home energy use and “do as I say not as I do” lifestyle has plunged to embarrassing new depths.
It was another painfully low-volume overnight session, which however did not prevent global stocks from hitting another record highs, capping their best week in over two months as the dollar stayed close to nine-month lows following Yellen's dovish retreat in which she noted caution on persistently low inflation (hence today's CPI print will be especially important) as odds of future rate hikes in 2017 and 2018 dropped.
Authored by Charles Hugh Smith via PeakProsperity blog,
Even though we don't know precisely how the future will unfold, we know a few things about it:
Authored by Gail Tverberg via Our Finite World blog,
Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it would take place.