Category: War

The US Oil Bust Just Got Worse

The US Oil Bust Just Got Worse

by Wolf Richter, Wolf Street The price of Oil did today what it has been doing for a while: it waits for a trigger and plunges. As I’m writing this, West Texas Intermediate is down 4.4%, trading at $44.99 a...

The Raiding Of Ukraine’s Gold

The Raiding Of Ukraine’s Gold

from The News Doctors TND Guest Contributor: Valentin Katasonov  | At present, Ukraine is teetering on the brink of a default. Its rapidly dwindling gold and foreign exchange reserves are an indication of the country’s catastrophic financial situation. According to official...

Axel Merk and Michael Hudson – The pros and cons of the ECB’s quantitative easing and Ukraine’s bailout

from Boom Bust Well, it’s a great time to be a Wall street banker. Their pockets are a little bit thicker these days – the average bonus in the securities industry actually rose two percent in 2014 to almost $173,000....