Submitted by Nick Cunningham via OilPrice.com,
Saudi Arabia’s deputy crown prince Muhammad bin Salman made headlines this week when he said that the kingdom was considering an IPO of Saudi Aramco, the nation’s state-owned oil company.
Submitted by Tommy Behnke via The Mises Institute,
On Tuesday, it was announced that over seventeen million new vehicles were sold in 2015, the highest it’s ever been in United States history.
While the media claims that this record has been reached because of drastic improvements to the US economy, they are once again failing to account for the central factor: credit expansion.
Some very worrisome charts for investors to consider.
Stocks just took out their neckline.
Unprofitable Wall Street darling, Tesla (TSLA), which requires mountains of new debt at low interest rates to survive, has taken out its trendline.
Europe’s “canary in the coalmine” just kicked it. Spanish bank Santander (SAN) is sitting atop a mountain of garbage debt from a housing bubble that DWARFED the US's. The country might even break into multiple fragments!
One week ago, many were shocked when an in an exclusive interview with China's official mouthpiece, the People’s Daily, an "authoritative insider" offered his interpretation of the details of China’s supply side structural reform.
Just one month ago, Bank of America's equity strategist Savita Subramanian told Barrons to stay the course and to expect a 2,200 year end target on the S&P based on a year end 125 EPS forecast and an implied 17.6x forward multiple. Incidentally her 2015 year end S&P500 forecast was an identical 2,200.