Oil Extends Losses As Oil Rig Count Drops By Just 1
While gas rigs fell 13 last week, oil rigs dropped just 1 to 515. Crude's initial reaction was to extend losses...
Rig count continues to track a lagged crude price perfectly...
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Nasdaq Collapse Leaves No Major US Equity Indices Positive Post-QE3
Who said this market was all driven by The Fed?
Crazy pajama-wearing conspiracy-theory tin-foil-hatters...
Here's A Chart You Won't See On CNBC
What goes up, comes down considerably faster.
For global stocks, Bloomberg notes, the way down ($15 trillion lost in 7 months) has been much easier than the climb up ($30 trillion added in 4 years).
Source: Bloomberg
A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air
The central banks of the United States, England, and German - as well as 2 Nobel-prize winning economists - have all shown that banks create money out of thin air ... even if they have no deposits on hand.
The failure of most governments and most mainstream economists to understand this fact - they instead believe the myth that people make deposits at their bank, and these deposits are then lent out to new borrowers - is the main cause of our rampant inequality and economic problems.
S&P Enters The Latest European Scandal: Downgrades Poland From A- To BBB+
Over the past week, Poland's relations with Europe have gone from cordial to abysmal, when first Poland's new Eurosceptic government compared the EU and Merkel to Nazis, with Polish weekly Wprost releasing the following cover saying "they want to supervise Poland again"...
... only for Brussels to retaliate and launch an "unprecedented" review of Polish media laws, a move which Poland angrily responded is far beyond the EU's domain.