By Andrew Butter It’s still not clear how the Whale managed to lose $2 billion (and counting), but most likely that had something to do with interest rate swaps because that’s the main way that JPMorgan makes money....
Read MoreBy Tyler Durden of ZeroHedge While the Reuters story, which we noted earlier, and which speculated that a no-strings attached bailout of Spanish banks may be coming courtesy of a German stealth funding of the nearly empty...
Read MoreBy Ellen Brown The problem is all inside your head she said to me The answer is easy if you take it logically I’d like to help you in your struggle to be free There must be fifty ways to leave your lover. -Lyrics by Paul...
Read MoreBy Robert D. Kaplan Greece is where the West both begins and ends. The West — as a humanist ideal — began in ancient Athens where compassion for the individual began to replace the crushing brutality of the nearby...
Read MoreBy James Picerno of The Capital Speculator The relationship between real (inflation-adjusted) wages and the business cycle is “inconclusive,” a recent study reminds. For example, the empirical literature “finds...
Read MoreBy Anthony Harrington via QFinance Spain is following Ireland in giving a graphic demonstration of just how difficult it is to recover from the bursting of a major property bubble. As Greece edges ever closer to a messy exit...
Read MoreBy Andrew Butter Oh dear, new headlines!! Only 69,000 more jobs in May…below “expectations” so now the America is doomed!!! Told you so…I predict there will be Armageddon unless of course someone DOES...
Read MoreBy Frank Holmes Every month, policymakers track purchasing managers’ indices (PMI) around the world as they consider fiscal and monetary actions. To us, a PMI is a measure of health of companies around the world, because...
Read MoreBy Jason Simpkins of Wall Street Daily May was a rough month for oil prices, no doubt. West Texas Intermediate (WTI) crude tumbled 18%, its biggest monthly drop in more than three years. Critics were quick to point out that at...
Read MoreBy Andrew Butter The story so far: 1: There was a bubble in oil prices in 2008. The evidence for that is it popped which is a pretty good clue; although so far no one has figured out what drove the bubble. Yes it was probably...
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