Will The Dollar Ruin The Santa Claus Rally in the S&P 500?
Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?
The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts.
The EUR USD fell to a new low for the year, in effect, wiping out the $1 trillion bet placed by the European Union over the week-end. Now that the short-term fix has been eliminated by the market action, the downtrend can resume its normal course. It looks at this point that the EU and IMF are out of bullets so buckle your seatbelt.
Another Hot Summer in the Middle East Includes Oil and Gas Masks
Intelligence sources in the Middle East have indicated that the summer in the region could turn out to be particularly hot and they're not talking about global warming or the environment. They are referring to the political climate. Of course, predicting future political moves in the Middle East can be accomplished with the precision of guessing what cards your opponent holds in a game of poker.