Via Larry Lindsey of The Lindsey Group...
Negative Rates and the Austrians' End Game
Our training and bias have always been toward policy activism -- that tweaking this or changing the dial on that can always make things better. [But] critics of activism, often lumped into the 'Austrian School,' argue that this will inevitably end badly.
Submitted by Soren Kern via The Gatestone Institute,
A 20-year-old asylum seeker from Iraq confessed to raping a 10-year-old boy at a public swimming pool in Vienna. The Iraqi said the rape was a "sexual emergency" resulting from "excess sexual energy."
Those who dare to link spiraling crime to Muslim mass migration are being silenced by the guardians of Austrian multiculturalism.
It was almost a year ago, when having tumbled in early 2015, oil proceeded to rebound strongly into the summer, where it traded at about $60 for three months, before US production resumed resulting in the next big leg lower which culminated with this's February drop to 13 year lows. At that point a comparable rebound to last year materialized, and just like last year, the pundits have emerged claiming that there will be no further downside. Incidentally, we covered this comparison previously in "For Oil 2016 Is Setting Up To Be A Rerun Of Last Year."
Submitted by Irina Slav via OilPrice.com,
The first U.S. shipment of liquefied natural gas (LNG) arrived in Portugal last week and Gazprom did not immediately cut its own gas prices for Europe. While European media has hailed the entry of U.S. gas into the market as a game-changer and a monopoly-breaker, in the short term, nothing has changed at all.
We have old friends visiting this week from Europe. I encouraged them to go to Rosedown Plantation, in St. Francisville, which is one of the grandest and best preserved plantations in the South. It really is a wonder to behold. But Julie and I also suggested that they get the other side of the story by going to Whitney Plantation, down the river in St. John the Baptist Parish.