Business

Submitted by Leonard Hyman and William Tilles via OilPrice.com,

Tony Blair helped a Saudi Arabian-owned oil company lobby the Chinese government during his time as Middle East peace envoy Documents have revealed that during his time the former British prime minister helped an oil company, owned by a Saudi prince, lobby Chinese leaders in exchange for £41,000 a month and a 2 percent commission on any contracts he helped secure. Blair courted Chinese leaders on behalf of Saudi prince Turki bin Abdullah, who agreed to the hefty fees the former Labour leader charged to act as a go-between.

Submitted by David Stockman via Contra Corner blog,

The Fed has been sitting on the funds rate like some monetary mother hen since December 2008. Once it punts again at the June meeting owing to Brexit worries it will have effectively pegged money market rates at the zero bound for 90 straight months.

By the SRSrocco Report

The U.S. and world economies are in serious trouble.  Unfortunately, the majority of analysts continue to put out increasingly worthless forecasts as they fail to understand the true nature of the problem... or rather, the predicament we are facing.

We must remember, problems have solutions while a predicament may be too difficult to solve.  According to the Cambridge definition of Predicament:

We've been a Forex author for many years on Zero Hedge and many other sites.  Writing is a big part of our job as analysts, and educators.  Recently we published a book Splitting Pennies - Understanding Forex to explain this complicated market to investors.  We write by purpose - Forex is the largest market in the world and the least understood.  Because of this, it's not widely covered in the main stream media (MSM) and when it is, it is often mis-characterized.