By EconMatters
We discuss the idea that nobody else has thought of regarding how OPEC will actually hurt the Shale Industry by making all those financial hedges punitive, i.e., lose money above $52 a barrel on the front month with corresponding forward curve hedges all losing money for Shale Producers.
On Friday, after reading the latest shift in the ever-changing, always fluid OPEC narrative, according to which Saudi Arabia now demands Iranian oil production cuts contrary to the agreement reached at the end of September in Algiers, in which Iran was granted an exemption from the upcoming supply cut negotiation in Vienna on November 30, we were confused:
Wait so the Saudis demand Iran cuts production now after explicitly granting Iran an exemption in Algiers?
— zerohedge (@zerohedge) November 25, 2016
Source: iaffairscanada.com
When it became clear Trump was about to win the US presidential elections, the value of the Mexican Peso nosedived and lost in excess of 10% overnight. That wasn’t surprising, as Trump had made several anti-Mexico statements in its bid to become the next president of the USA, and the economic repercussions and impact from a ‘cold trade war’ between Mexico and the USA would have been huge.
Authored by Paul Craig Roberts,
As flyover America has been suffering economically for many years, these Americans were immune to the oligarchy’s anti-Trump propaganda. However, everyone else in the country was taken in by the propaganda - liberals, progressives, the remnant of the leftwing, and even Patrick Martin of the World Socialist Web Site who normally writes intelligent commentary.
Every presidential election brings with it a renewed debate on taxes: should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)? Traditionally, the question eventually boils down to one thing: what should the tax treatment of the "rich" be: should the wealthy pay more or less in taxes?