SNB Central Bank Lesson. Never Ever Trust a Central Banker

Three years ago The Swiss National Bank stated that pegging the Swiss Franc to the Euro at 1.20 was a policy that was in place forever. Forever lasted until the cost of maintaining the peg became too great. Anne Van Praagh, managing director of Moody’s Investors Service, said by phone from New York on Jan. […]

Shale Oil Companies In Trouble as Oil Price Tanks

Still think shale oil will make America oil independent? Still believe the clap trap voiced by most politicians and mainstream media cheerleaders about how shale oil will save us? Perhaps it’s time to reexamine the shale oil industry and the cash requirements of drilling well after well. The main thing to understand about shale oil […]

Danger in Collapse of Russia’s Economic System

The collapse of Russia’s economic system is dangerous. In an interconnected world, there are sure to be unintended consequences. The unfolding disaster brings to mind the 1998 currency crisis. It brought a lot of pain to investors worldwide. With Putin’s and Russia’s troubles there’re dangers to the world other than economic. Putin blames the West […]

Fed Bubble Bursts in $550 Billion of Energy Debt

Bubbles do not end well. Wall Street sucked investors into the high yield junk bond market with the expectation oil prices would continue to rise. With oil prices plunging these investors now face huge losses. With oil at $60 a barrel many oil companies, especially oil fracking companies, will not be able to service the […]