Business

Congress have threatened to defund National Public Radio (NPR) and the Corporation for Public Broadcasting (CPB) due to their wasteful spending of public money.  Representative Doug Lamborn has introduced two bills that will permanently eliminate federal tax dollars from the two organizations. Breitbart.com reports: “American taxpayers do not want their hard-earned dollars funding superfluous government programs just because that is the way things have always been done,” Lamborn wrote on his congressional webpage.

Submitted by Irinia Slav via OilPrice.com,

The oil ministers of Iran and Qatar have suggested that OPEC’s production cut agreement may have to be extended beyond the June deadline, despite an almost 100-percent compliance rate.

The comments come a day after the American Petroleum Institute reported the second-largest crude oil inventory increase in history, at 14.227 million barrels, which added fuel to worries that production cut efforts are not enough to rebalance the market.

By EconMatters

In December, Grant Williams, author of "Things That Make You Go Hmm..." offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold's performance in 2016, the reaction to Donald Trump's election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.

Authored by Van R. Hoisington and Lacy H. Hunt, Ph.D. via MauldinEconomics.com,

Hoisington Quarterly Review and Outlook – 4Q2016
CHANGE?