As Warren Buffet says, “Only when the tide goes out do you discover who’s been swimming naked.”
And, as Visual Capitalist's Jeff Desjardin details, in 2014, when oil prices crashed and burned, the tide was gone – and it was shown that too many countries were relying on frothy oil revenues to balance out their trade deficits.
A LINGERING CRISIS
Authored by Andrei Akulov via The Strategic Culture Foundation,
This news hits the world media headlines.
U.S. Customs and Border Patrol (CBP) has almost doubled the amount of cocaine seized this fiscal year compared to the year before.
You will find more statistics at Statista
As Statista's Dyfed Loesche notes, more than two months before this fiscal year ends on September 30 the agency has seized more than 121,000 million pounds of cocaine.
Amazon is having a rough week.
We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future. Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them.