All

Chaos Breaks Out In Natural Gas, Price Tripled Since April 2012

by Wolf Richter •  • Comments Off on Chaos Breaks Out In Natural Gas, Price Tripled Since April 2012

“Volatile,” a word that is often used to describe the price of natural gas with its random-appearing jumps and plunges, head fakes, and whiplash-inducing turnarounds, no longer describes the price of natural gas. “Chaotic” would be a better term.

Icahn’s “No-Brainer” Goes To Heck (Manipulation Works Only Most Of The Time)

by Wolf Richter •  • Comments Off on Icahn’s “No-Brainer” Goes To Heck (Manipulation Works Only Most Of The Time)

Carl Icahn must have tossed and turned Monday night, after the Apple debacle. Reeling from his losses, he was out there on Tuesday hyping the stock with all his might. They’re all doing it, from Warren Buffett on down, guys with billions of play-money and a loud voice.

We Are Sleepwalking Towards A Cashless Society

by Don Quijones •  • Comments Off on We Are Sleepwalking Towards A Cashless Society

By Don Quijones: Governments are seeking to reduce cash transactions. The reasons are obvious: as most countries struggle to rein in public spending, governments are frantically surveying their surroundings for anything of value to steal or pawn.

Why Japan’s Trade Fiasco Worries Me So Much

by Wolf Richter •  • Comments Off on Why Japan’s Trade Fiasco Worries Me So Much

According to Japan’s state religion of Abenomics, devaluing the yen would boost exports and cut imports. The resulting trade surplus would jumpstart the economy and induce Japan Inc. to invest at home. It would save Japan. But the opposite is happening.

Black Money In France “At The Center Of Life For Politicians”

by Contributor •  • Comments Off on Black Money In France “At The Center Of Life For Politicians”

Someone in the French government deleted 3,300 French names from a purloined list of accounts at HSBC Switzerland. Their revelation would have left the despised French “political class” red-faced and in deep trouble.

From “Glut” To Panic: Natural Gas Soars

by Wolf Richter •  • Comments Off on From “Glut” To Panic: Natural Gas Soars

On Friday, when stocks were plunging, natural gas soared nearly 10%. The highest close since June 2010. Up 20% for the week. Up 170% from April 2012. And it’s just the beginning. Because after the glut comes the panic.

Outrageously Ballooning Costs Hit Major Oil Companies

by Oilprice.com •  • Comments Off on Outrageously Ballooning Costs Hit Major Oil Companies

Shell’s earnings plunged, eaten up by huge costs, delays, and lower production. Chevron’s Gorgon LNG project is $20 billion over budget. Italy’s ENI blows $50 billion on the Kashagan oil field, five times what it expected. Now oil companies are cutting back, with consequences.

A Very Unfinished Recession, For Most Americans

by Wolf Richter •  • Comments Off on A Very Unfinished Recession, For Most Americans

Statistically speaking, the Fed’s heroic actions conquered the Great Recession years ago.The economy has been growing at a measurable clip, statistically speaking, with the unemployment rate inching lower over the years, though again, that’s just statistically speaking. But most Americans, struggling to make ends meet in the real economy far from the hoopla, hype, and buzz of Wall Street or Silicon Valley, have a more accurate answer.