By fernost (Self-photographed) [Public domain], via Wikimedia Commons

Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve during the summer of 2016.   First, a picture of the cost of the oil supply glut   This snapshot of a major oil company epitomizes what is happening in most oil companies, big […]

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Zombie Economy Soon to Have its Zombie Epocalypse

Posted May 22, 2016 By David Haggith
By Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again. The market’s inability […]

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stock-share-buybacks

I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years. That’s right. Research from no other place than […]

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By Tech. Sgt. David McLeod (Defenseimagery.mil, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this new century for oil. The House of Saud […]

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SuckingOffGoverment-Entitlement

Establishment Republicans have a plan to help workers because they hear you after all the clamor that has formed around Donald Trump. That is how they bill it anyway — a plan to help laborers. They have heard through their marble walls that some of you are not happy with wages that have been stagnant for decades. So, […]

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By Federalreserve (00491) [Public domain], via Wikimedia Commons

The question begs for conspiracy theories to satisfy it, but one might more aptly say that central banks beg for conspiracy theories to explain them, since they operate in the shadows while being given charge of all the financial systems of all the world’s greatest economies. Central bankers have the unchaperoned power to create the greatest fortunes ever known […]

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By Tairo Bonilla (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.”   Doha disaster predictable yet not the disaster that was […]

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tax burden of the beleaguered rich

Year after year around tax time, a tired war horse of a story gets trotted out about how the heavily burdened rich already shoulder eighty percent of the tax load. Poor rich. They are oxen doing the heavy pulling to make things easier on the rest of us dumb cows. Thank God we have them!

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By Federalreserve (00491) [Public domain], via Wikimedia Commons

Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is […]

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Declining Profits, Rising Defaults Assure 2016 Recession

Posted April 8, 2016 By David Haggith
Will a 2016 US recession be the next big one?

I believe a 2016 recession is already a fact in the US, and the Great Recession will return with a vengeance. That recession never really ended. It was simply propped up while all of its fundamental flaws remained, and the props are now all ended or failing. It will ultimately become the mother of all […]

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More Pressure Builds Against Oil Prices

Posted April 7, 2016 By David Haggith
By fernost (Self-photographed) [Public domain], via Wikimedia Commons

Saudi Arabia has moved beyond its original statement that it will only support a production freeze if “other major producing nations” sign on to the agreement. It has now clarified what I believed to be intended by its initial caveat all along, stating that it will only sign on to a production freeze if ALL nations sign […]

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kuwait_oil_refinery

The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices more and more since their peak in mid-March. […]

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JanetYellen

Stocks are feeling the love. While the momentum of the stock rally stumbled in the last two weeks of March, the Dow did manage to break ever so slightly above the downward trend line of the high points it established over the past twelve months. (Not enough in my opinion to be conclusive for those claiming the bear […]

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Where Oh Where Has the Rally Gone?

Posted March 29, 2016 By David Haggith
StockBuybacks

Last week began the blackout period for companies buying back their own shares, as we are nearing the end of a quarter, when stock buybacks are put on hold. It also began the bust of the stock market’s recent rally. If you followed my last article, you’d see that this is exactly what I expected

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