Japan

Opec- New Cartel

New Oil Cartel Threatening OPEC

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

“The timing is right. The boom in U.S. oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. The two countries, after all, account for a combined 17 percent of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC’s actions.

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Bank of Japan (BOJ)

On Halloween, the Bank of Japan Did Something Scary

In today’s post Grant Williams looks at the recent actions of the Bank of Japan and their attempt to break free of the deflationary spiral they have been on for more than 20 years. Back in April of 2013 Abenomics was born and Japan began boosting their stock market while trashing the Yen. Now they have “doubled-down” and are planning a TARP style bailout to the tune of about $720 billion. This is only slightly less than TARP’s $787 billion except that the Japanese economy is much smaller than the U.S. economy. So it is really equivalent to the U.S. blowing about $3 Trillion a year for the foreseeable future! And Japan’s debt to GDP is already about 250% compared to the U.S.’s 110%, so they don’t have any wiggle room left.

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Economy Trends Toward Greater Depression

It’s important to continue to check our economic compass and keep a constant eye on the direction our economy and the world in general are headed. This will help to determine any adjustments necessary in our portfolios and/or our entire financial outlook. In today’s article David Galland looks at the direction of the economy and whether anything

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