Silver as an investment

Category Archives: Exxon

“Worse Than Big Tobacco”: How Big Pharma Fuels The Opioid Epidemic

Authored by Lynn Paramore via The Institute for New Economic Thinking, Once again, an out-of-control industry is threatening public health on a mammoth scale Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers, from Exxon to R.J. Reynolds Tobacco. […]

Tillerson Called Trump A “Moron”, Was Close To Resigning

In recent days, foreign policy pundits have been scratching their heads over the apparent lack of directly lines of communication between the White House and the State Department, which led Trump to chide Sec State Rex Tillerson over the weekend, tweeting that there is no need to negotiate with North Korea, as Trump would “handle […]

Did the Fed Just Broadcast An Inflationary Event is About to Hit?

Yesterday, Janet Yellen stated that the Fed was “wrong” about employment and inflation. I realize that the significance of this might be lost on many individuals. The Fed’s ENTIRE purpose is to pursue “maximum employment” and “stable prices”(aka low inflation). Indeed, these are LITERALLY the words in the Fed’s official “Dual Mandate” from Congress. So […]

“Yes” Vote for Iraqi Kurdistan: A New Chaos Is Redefining Middle East Borders

Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media Iraqi Kurds voted “yes” in the referendum to start materializing the dream of the 30 million Kurds inhabiting Iraq, Turkey, Syria and Armenia – a dream which begins by establishing an independent state in Iraqi Kurdistan. Despite the announcement of the […]

Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins

U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven moves as U.S. government shutdown fears receded and concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner […]

The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity… … there was more to the story. The Wall Street Journal has uncovered what really happened: […]

“It’s Fake Fiscal News” – Jim Chanos Dashes Economic Pipe Dreams, Fears Much Worse To Come

Authored by Lynn Paramore via INETEconomics.com, The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” economic pipe dreams, and “portents of even worse things” Since the election of Donald Trump, the stock market has soared and many pundits have noted positive economic trends in the US. Jim Chanos of Kynikos Associates, known […]

Trump Cornered: White House Pushing To Weaken Russia Sanctions Bill

After the Senate overwhelmingly passed a bill to implement new sanctions against Russia over “interference in the 2016 U.S. elections” and curbs President Trump’s power to ease penalties against Moscow in the future – without consultations with US allies in Europe –  President Trump has found himself cornered in what appears to be a lose-lose […]

Trump Didn’t Kill The Paris Agreement – It Was Already Dead

Authored by Arthur Wardle via InsideSources.com, President Trump recently removed the United States from the Paris Climate Agreement, heralded by many as a major win for global climate action. The Paris Climate Agreement, signed during the Obama administration, attempted to include the entire world and managed to amass 195 signatories. Given that international climate negotiations […]

A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

As Saudi Arabia's deputy crown prince pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman's estimate "unrealistic and mind blowing." Since […]