Archive for April, 2016

Dohaha, Slippery Oil Laughs at Nearly Everyone — Myself Included

Posted April 23, 2016 By David Haggith
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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Don’t Be Fooled by Stories that the Rich Pay Eighty Percent of the Taxes

Posted April 20, 2016 By David Haggith
tax burden of the beleaguered peasants give rise to socialist revolution

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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What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession

Posted April 12, 2016 By David Haggith
Central banks are cause of inverted yield curve recessions

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
Knowing how to invest in oil means not having barrel of it leaking around your home. | 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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  • QEternity posted on April 8, 2016
    http://www.valuewalk.com/2016/04/crude-oil-prices-mike-rothman/?utm_source=mailchimp&utm_medium=email&utm_campaign=EMAIL_DAILY&utm_content=quick_link&utm_source=ValueWalk+Newsletter&utm_campaign=4631912f04-%3DUTMDaily&utm_medium=email&utm_term=0_299e40291b-4631912f04-50593113&mc_cid=4631912f04&mc_eid=f596caf051 I think that's optimistic.
  • Knave_Dave posted on April 8, 2016
    So glad you asked, Eye. I have just finished writing about the Fed's emergency meeting that is coming up on…
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Perfect Storm for Oil Started on Schedule and Continues to Build

Posted April 6, 2016 By David Haggith

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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Fed Faltering: Reality takes bite out of over-Fed recovery

Posted April 5, 2016 By David Haggith
Federal Reserve balance sheet reduction not happening yet even as the Fed applauds its own success

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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