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J
Membre depuis mai 2012
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Cattle Drive

- James Howard Kunstler -

I dunno Jim, I think JK was closer to reality this time, closer than usual anyway. The thing about shale oil is that it is really only economical to produce when oil prices are high. There are other oil sources in the US though that are not as high cost to produce, and the government does a good job of getting in the way, and taxing it to death.

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Début de l'article :How hilarious is the Federal Reserve's cattle drive of cash money (i.e. "liquidity") into the stock markets? I'll tell you: if that cash is outflow from bonds that pay ZIRP interest rates, then this attempt to stampede investment into the stock market is only going to succeed in ravaging the bond market and by extension the credibility of the dollar, the US banking cartel, and then the world financial system as a whole. If bond-dumpers rush into stocks, then who are the next bond buyers at... Lire la suite

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