Thursday, October 19, 2017
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Economics and Industry

Why is a Canadian Pension Fund Bailing Out An Insolvent Mortgage Lender?

Massive corruption as pensioners are forced to bail out a struggling mortgage lender.

US Virgin Islands Wasted Hurricane Relief Money in Years Past

Their government is going to have some very hard questions to answer once the initial shock of the hurricane's passing is through: The U.S. Virgin...

America’s ignored backyard: The decline of the US Virgin Islands

Before you read this article, it might be helpful to review my piece on the Caribbean debt crisis as background to this topic. The US...

Economic decline and corruption in the Northern Mariana Islands

This is the fourth essay in my series on the Caribbean and the US territories. You can read part one here. I'd recommend looking...

OPEC’s Ability to Control Global Oil Prices Fades

Pining for the glory days of the '70's.

Weimar 2.0: Venezuelan Bolivars Can No Longer Be Carried in Wallets

Washington Post It’s not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year...

FEAR: Could Renzi Defeat by Italian Populists DOOM Italian Banks?

Financial Times Up to eight of Italy’s troubled banks risk failing if prime minister Matteo Renzi loses a constitutional referendum next weekend and ensuing market...

US Black Friday Sales PLUNGE

Yahoo! News Sales and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year, as stores offered discounts well beyond...

The 2017 Housing Crash Headwinds- It is a’coming!

As most are aware, I am strongly pessimistic about the Housing Industry going into 2017. In fact, I have said time and again that...

Guam: America’s most important territory

This post will focus on Guam, and will likely be the last part in my series on the Caribbean and US territories. I might...

Puerto Rico’s Agriculture Has Been Totally Destroyed by Maria

This is no surprise. When a hurricane comes blowing through, it tends to do huge damage to to crops, even at Cat 1 or...

Is CenturyLink the Next Wells Fargo Scandal?

It wouldn't surprise me.

What does Trump mean when he says “China beats us?”

In spite of the title, this post is really only tangentially related to Trump. Last year, Trump challenged the US’ current “free trade” regime...

How US minimum wage laws ruined American Samoa’s economy

This is the third part in my series talking about the situation in the US territories and the Caribbean islands, both areas which are...

Wells Fargo CEO – John Stumpf………………..YOU’RE FIRED!!!!

John Stumpf must go I have been watching the progress of the Wells Fargo story and CEO John Stumpf. With the reporting, the testimony before...

What Happens if the Leave Vote Wins

Ever wonder what happens behind the scenes at HotGas? Yes, you’re correct, we are a bunch of ducks on the pond. Calm and serene in...

The Goldman Sachs – DOJ Settlement on RMBS

  On Apr 11, 2016, the Department of Justice announced a Settlement Agreement with Goldman Sachs concerning the issuance and sale of Residential Mortgage Backed...

America’s ignored backyard: The Caribbean debt crisis

Preface Some folks in the comments section expressed an interest in having me write more about the USA's island territories that are in the Caribbean...

The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals – Here Are The Implications

The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals - Here Are The Implications The big day has finally arrived: starting...

The Guaranteed Income – An idea whose time has come?

  One of the most progressive ideas of liberal states is a “social policy” that there should be a “Guaranteed Income” for all people and...