Saudi Arabia is rattling the oil sector with a price war that many think is aimed at U.S. oil producers. But there’s an easier price war to win: with Canadian tar-sands operators.
Is the blindingly magnificent housing bubble in Canada running out of steam?
Bank of Canada: it’s so vast and weighed down with so much debt that a “sharp correction in house prices” could take down the financial system.
Germany has learned a lesson: it’s being hounded by a foreign corporation over its nuclear energy policy
Solution? Not raising interest rates. EVER. That would prick the bubble violently. Instead, Fitch says, the government should “engineer a soft landing.” Good luck!
‘Hours Worked’ plunged in the second quarter at a rate last seen during the middle of the Great Recession, a terrible harbinger of GDP.
By Charles Kennedy, OilPrice.com: Canadian plans for a large nuclear-waste facility on the Canadian side of Lake Huron, directly opposite the thumb of the State of Michigan, are triggering a cross-border public outcry and a looming diplomatic backlash.