Via Finanz und Wirtschaft's Christoph Gisiger,
Howard Marks, Chairman and founder of Oaktree Capital, warns that investor behavior has entered the zone of imprudence and thinks that China is the biggest threat for the US economy.
Submitted by Arthur Berman via ArtBerman.com,
Congress ended the U.S. crude oil export ban last week. There is apparently no longer a strategic reason to conserve oil because shale production has made American great again. At least, that’s narrative that reality-averse politicians and their bases prefer.
Why WWIII Is On The Horizon
Paul Craig Roberts
The collapse of the Soviet Union in 1991 gave birth to a dangerous American ideology called neoconservativism. The Soviet Union had served as a constraint on US unilateral action. With the removal of this constraint on Washington, neoconservatives declared their agenda of US world hegemony. America was now the “sole superpower,” the “unipower,” that could act without restraint anywhere in the world.
The Washington Post neoconservative journalist Charles Krauthammer summed up the “new reality” as follows:
Submitted by Mac Slavo via SHTFPLan.com,
We’ve spent quite a bit of time this year documenting Saudi Arabia’s fiscal bloodbath.
In the wake of the kingdom’s move to deliberately suppress crude prices in an effort to preserve market share by bankrupting the US shale complex, Riyadh found itself in a tough spot. Thanks to ZIRP and the wide open capital markets it fosters, US producers were able to stay afloat for longer than the Saudis likely expected.