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  • WTI Hits $45 Handle After Treasury Secretary Lew Says ‘Doesn’t Expect U.S. Crude Production To Decline’

    Keeping the narrative dream alive, Treasury Secretary Lew told Bloomberg TV this morning that "lower energy prices are good for the U.S. economy" -- seemingly missing the huge surge in jobless claims, the lack of clear gains by firms on lower fuel costs, rig... Read More >>

    UPS Tumbles On Missed Earnings, Blames U.S. Domestic Weakness

    We can only imagine how fast the narrative is being re-written as bellwether of "everything is awesome" in America, United Parcel Service missed earnings expectations and lowered guidance and is seeing its shares tumble: *UPS 4Q PRELIM ADJ. EPS $1.25 ,... Read More >>

    Banksters’ Bullion – Crisis At New Extreme?

    Another day goes by. Another day of the West’s (the One Bank’s) economic terrorism against Russia: an overt attack on that nation’s currency, and thus the economy itself. As noted in the commentary which preceded this; such economic terrorism against... Read More >>

    $43 Hot Dogs; $47 Burgers And $55 Caesar Salads: A Look At The Davos Menu

    Billionaires may live in a world untroubled by such petty concerns as rising costs of living and declining real wages, but like everyone else they have to eat. And pay. The picture below shows what the menu prices, in Swiss Francs, are for various meals... Read More >>

    This Is What Gold Does In A Currency Crisis, Euro Edition

    Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting... Read More >>

    European Bloodbath: Freefalling EUR Plummets On Broad Liquidation Puke

    Down over 200 pips in the past 3 hours...and down over 500 pips in less than 24 hours...and any hedge funds that had an even modestly long EUR position are being FXCMed on this epic liquidation puke. Click to read the full story Read More >>

    Gold Surges 3% In Euro Terms As ECB To Print Trillion Euros

    Gold surged 3% in euro terms yesterday from a low of €1,100 per ounce to a high of €1,144/oz after Mario Draghi unveiled his QE 'bazooka'. The ECB announced it’s much anticipated quantitative easing (QE) programme. The ECB will print over €1 trillion... Read More >>

    A Billionaire Lectures Serfs In Davos: ‘America’s Lifestyle Expectations Are Far Too High’

    If you listened closely this morning, you could hear humanity vomit as JP Morgan CEO, Jamie Dimon, began to speak at Davos. In what amounted to some of the most egotistical and delusional statements heard at a conference filled with egotistical and delusional... Read More >>

    Now Begins The Greatest Heist Since Bernanke Bailed Out Wall Street In September 2008

    Well, he finally launched “whatever it takes” and that marks an inflection point. Mario Draghi has just proved that the servile apparatchiks who run the world’s major central banks will stop at nothing to appease the truculent gamblers they have... Read More >>

    Tech Stocks To Buy 2015: This Winner’s Up 53% With Room To Run

    Money Morning's Defense and Tech Specialist Michael Robinson just told readers about one of the best tech stocks to buy now – and it's actually the second time he's recommending the stock. That's how good the potential is. Robinson first told his readers... Read More >>

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