by Oilprice.com • • Comments Off on What Iraq’s Disintegration Means for Oil Markets
Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.
by Don Quijones • • Comments Off on Sex, Drugs and Dodgy Accounting: Spain’s New Growth Strategy
When it comes to creative accounting, few can hold a candle to Spain’s finance minister Cristobal Montoro, who unveiled his latest scheme to “grow” the economy: adding prostitution and illegal drugs to GDP to solve a host of urgent problems.
by Michael Gorback, M.D. • • Comments Off on Buying Health Insurance: A Pig in a Poke
When you buy health insurance, you only think you know what you’re buying. You know parameters such as the deductible, coinsurance, and other nonspecific things. But the devil doesn’t lurk in nonspecific things.
by Oilprice.com • • Comments Off on Are Oil Traders Missing the Gravity of Mosul’s Fall to Insurgents?
By Nick Cunningham: OPEC’s second largest oil producer, Iraq, is in severe disarray just as the world has come to rely on its oil for greater energy supplies.
by Wolf Richter • • Comments Off on Public Pension Plans: Boom and Bubble Forever Or Bust
State and city pension plans have been in a heap of trouble for years. What they need in order to be there in the future is a booming economy year after year and endlessly inflating asset bubbles. Otherwise, forget it. And even then, there’s a $1.1 trillion hole.
by Contributor • • Comments Off on The Art of Deception in Advertising
By Alex Hillsberg and David Adelman: The tricks that ads use to fools us would be hilarious, if it weren’t so serious. These photos of ads and reality will make you laugh, squirm, and gnash your teeth all at the same time.
by Wolf Richter • • Comments Off on Fed’s Bullard: ‘The Bubble Was Developing Under Our Noses’
Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it’s dropping the ball again during the current bubble.
