Saudi Arabia's former spy chief Prince Turki said world's biggest oil exporter won't surrender market share to anyone
Oil has crashed close to 20% in the past month as OPEC's aggressive attempt to drive the US Shale Oil industry into the ground has continued apace.
Oil is getting slammed.
Oil prices plunged following Thursday's OPEC meeting in which the cartel announced that it would not cut production.
Retail Disaster: Holiday Sales Crater by 11%, Online Spend Declines: NRF Blames Shopping Fiasco On "Stronger Economy".
Oil Shock Streaks Across Globe From Moscow to Tehran to Caracas. Ready for $40?
I received an interesting email the Wednesday before Thanksgiving from Steen Jakobsen, chief economist for Saxo bank, regarding his macro picture of the world.
Podemos "Economic Manifesto" Calls for Debt Restructuring, Spain to Abandon the "Euro Trap".
Business Sentiment Survey Noise Goes Full China: Export Orders Drop (Markit PMI); Export Orders Soar (ISM).
Here are a couple of reasons why Keynesian economists are truly a menace in today's bubble ridden and debt-impaled world. It seems that both Harvard's Kenneth Rogoff and Princeton's Paul Krugman are on the global advice circuit, peddling what a
The string of unexpectedly bad news in the eurozone continues unabated as Italian Unemployment Rate Rises to Record, Above Forecasts.
Of all the fast-growing BRIC countries, only India stands strong right now. Its economy seems perfectly structured to handle our delicate, and dangerous, global market.
Japan Household Spending Down 4%, CPI Drops to 0.9%; Bankruptcies Soar in Yen Collapse
The referendum on the Swiss Gold Initiative will take place on November 30.
If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the attached Bloomberg note on the recent tiny decline in Chinese industrial company profits.
The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course.
24 Hour Spot Gold.
24 Hour Spot Silver.
For five consecutive months OPEC produced over its alleged quota. Nonetheless, and in spite of falling prices and pleas from Venezuela to restrict production, OPEC decided to take no action.
Tom Kloza, global head of energy analysis for the Oil Price Information Service, said without a substantial cut to mollify selling pressure, crude prices are likely to continue falling.
In 1971, US President Richard Nixon closed the 'gold window', ending the free exchange of dollars for gold, guaranteed by the US in 1944 at Bretton Woods.
For most of my career in international investing, I had always placed a great deal of faith in Switzerland's financial markets.
From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The End Game", comes the logical next step.
Much has been made of the decision by the Japanese government to inject another $700 billion into their ailing economy. While some may see this as an earnest attempt to save Japan from further stagnation and deflation, even some of the mainstream med
It's probably Milton Friedman's most famous saying: "Put government in charge of the Sahara desert and in five years you'll have a shortage of sand."
China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-ma
Veteran S&P Futures Trader: "I Am 100% Confident That Central Banks Are Buying S&P Futures".
The global financial system has come unglued.
The European parliament is considering a motion that would suggest Google unbundle its search engine from its other products, The Financial Times reported this afternoon.
As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan's economy has much to teach us about the wisdom of those policies.