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Most Western media and politicians overlooked Russian President Vladimir Putin’s rise to power. That could turn out to be a severe error with far-reaching consequences, especially in the energy sector....

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Tverberg argues that low oil prices likely to be with us for a long time, due to the fact that demand will remain relatively weak. Given the reluctance of governments to engage in aggressive enough spending measures, the idea of that more economies will become mired in a Japan-like slump or weak demand is entirely plausible. And that's before you...
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Axing the proposed high-speed rail link between London and Birmingham would save £16bn over the course of the parliament...
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Warning: Grumpy Alert. I am grumpy because the ABI Commission’s recent report rejected any reform of the bizarre American approach to executory contracts, which requires a quality of “executoriness” in a contract before it can be assumed or rejected. (Think of Stephen Colbert and “truthiness.”) Worse still, it...

Wednesday, 11 March 2015 |

Why do people divorce?

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imagePeople divorce because of their sensuality and their egotism. Nothing else....

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The “Debt Crisis” According to Bruce Bartlett: Generational Accounting

This is the last post in my analysis and commentary on Bruce Bartlett’s testimony to the Senate Budget Committee. There’s one very significant issue left to discuss, and that is the issue of fiscal gap and generational accounting and whether it should be...

Wednesday, 11 March 2015 |

The Fed Blew It

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The Fed had multiple opportunities to let the air out of unsustainable asset bubbles by notching interest rates higher and tapering its asset purchases (QE).
The Federal Reserve blew it by not normalizing interest rates a long time ago.  The consensus in financial circles is the exact opposite: the Fed has blown it in the past by nudging...
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Patriarch Kirill: by denying God's truth we ruin the world - OCL...
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Facebook, Sony, Samsung, Google and HTC are all moving into virtual reality, but which headset is best for you?...
Tuesday, 10 March 2015 |

On Curing the Great Schism

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On Curing the Great Schism - OCL...

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