U.S. Shale Kills Off The Oil Price Rally. Oil prices plunged below $50 on Thursday as speculators have started to sell en masse, triggered by record U.S. inventories and quickly rising U.S. shale production.
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The War on Cash Finds Its General. A review of “The Curse of Cash”, by Kenneth S. Rogoff
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A breakdown of U.S. debt: It Took $4 In New Debt To Create $1 In GDP – G.G.
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GDPNow 1st Quarter Estimate Dips to 1.2%, FRBNY Nowcast 3.1%: One Model is Seriously Wrong
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