Another day, and yet another round of plunging oil prices. If it wasn’t so predictable, you’d be forgiven for thinking it was happening by accident. But there’s nothing coincidental about the volatility taking hold of oil markets.
The post Why the Official Story on Oil Prices is a Lie appeared first on The Daily Reckoning Australia.
Too many rich people who don’t deserve their money. It will be nice to get this trash out of the system. That’s what recessions are for.
The post Easy Wealth Earned by the Rich Can Vanish as Easily as it Came appeared first on The Daily Reckoning Australia.
The market digested Bernanke’s latest comments and went into outright panic mode. Overnight, the Dow Jones index was down more than 500 points at one stage.
The post This Sector is on the Cusp of a Big Bear Market appeared first on The Daily Reckoning Australia.
While China and its slowing economy dominate the headlines, for me the real issue is the growing level of social exclusion in the world.
The post Social Exclusion is a Bigger Threat Than China appeared first on The Daily Reckoning Australia.
The International Monetary Fund (IMF) has downgraded global growth projections by 0.2% over the next two years. In a new report, the IMF says the global economy risks derailing unless it reforms to meet these challenges head on.
The post IMF Global Growth Downgrade Shows It’s Time for a New Approach appeared first on The Daily Reckoning Australia.