Roberto Abraham Scaruffi

Articles posted on Saturday, 14 March 2015 Front Page  Analysis Blog   Investing Blog   News Blog    Opinion Blog   Current Markets   Economic News: Asia/Pacific  Europe  Middle East/Africa  Americas  USA Government

The ECB's Noose Around Greece How Central Banks Harness Governments by Ellen Brown, Web of Debt Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat. Read more >> What We Read Today 14 March 2015 Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included. This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".). BECOME A GEI MEMBER - IT's FREE! Every day most of this column ("What We Read Today") is available only to GEI members. To become a GEI Member simply subscribe to our FREE daily newsletter. Read more ... [login is 'waller', password is '2-shoe'] A Likely Ignorant View Of Economic Reality Fiat currencies last for about 40 years and the fiat dollar has so far lasted 43 years. Far too much currency has been loaned into existence and it can never be paid back. What is your opinion. A Word from This Newsletter's Sponsor for 14 March 2015 Extreme Profits from the Hottest Stock in the Hottest Sector Retired hedge fund manager Bret Jensen is the master of finding under-the-radar biotech stocks. His last recommendation scored a 215% gain in less than 5 months, and he believes his newest pick is destined to grow your money by 200-400%. Get the name of this biotech breakthrough stock before you miss out. Preserving The USA Navy's Forward Presence With A Smaller Fleet from the Congressional Budget Office In support of its mission to deter conflict or fight in wars if necessary, the Navy considers it a core responsibility to maintain a forward presence - to keep some of its fleet far from U.S. shores at all times in areas that are important to national interests. Toward that end, at any given time, about one-third of the fleet is deployed overseas. The rest of the Navy's ships are in or near their home ports in the United States for maintenance, training, or sustainment (a period in which a ship is in port but ready to deploy quickly). Read more >> Early Headlines:Trillion Dollar Coin, ISIL Recruiters in Spain, Japan Stocks at 14 Year High and More Early Bird Headlines 14 March 2015 Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting. Read more >> Robots and Jobs Written by Steven Hansen I do believe that robotics will be the biggest headwind to jobs growth. The majority of my life has been spent managing systems, and executing changes that would effect reduction of labor hours (and costs). Large organizations have span of control inefficiencies - and the larger the organization, the greater these inefficiencies become. Read more >> A Stress Test For The New York Fed Special report from ProPublica by Jake Bernstein, ProPublica.org Lately, a debate has erupted among Congress, bankers and the media about whether the Federal Reserve Bank of New York has accumulated too much power since the financial crisis and needs to be reined in. Read more >> Bubble Time on Wall Street, Same as It Ever Was by Dr. Marc Faber, Daily Reckoning We all know that, from time to time, some sectors of the economy begin to expand rapidly and become an object of speculation (tulips, new territories such as the South Seas, the Mississippi concession, land, canals, railroads, mines, oil, new technologies and inventions, stamps, art, precious metals, etc.). Read more >> Greeks Work the Longest Hours in Europe from Felix Richter, Statista.com by Niall McCarthy Greek frustration about waves of crippling austerity becomes understandable when their working hours are taken into consideration. Read more >> Why is Oil so Volatile? Chart of the Week 13 March 2015 Written by John O'Donnell, Online Trading Academy What drives the price of oil to the extremes seen over the last four decades? This week's chart covers the last 27 years of oil prices and traces the combination of supply and demand factors and geopolitical events which have created major swings in oil.  Oil price history is discussed in the video following the Read more >> jump. Read more >> The Real Reason the Fed Has To Raise Rates in June by EconMatters, EconMatters.com FOMC Debate on Rate Hikes There is a lot of debate about what the Fed is going to say regarding rates next Wednesday at the FOMC Meeting. Will they change the language, will they signal rate hikes, etc. but pundits haven't really addressed the main reason the Fed has to raise rates in June. Read more >> Infographic Of The Day: Traveling With Your Pet To New York City While traveling with your pet to New York City, not only can you enjoy all the comforts of home in our Times Square hotel but now, so can your pet! Read more ... Investing.com Weekly Wrap-Up 13 March 2015 U.S. stocks lower at close of trade by Investing.com Staff, Investing.com U.S. stocks were lower after the close on Friday, as losses in theBasic Materials, Utilities and Industrials sectors led shares to the downside. At the close in New York, the Dow Jones Industrial Average fell 0.82%, while theS&P 500 index fell 0.61%, and the NASDAQ Composite index declined 0.44%. Read more >> Hearing Voices? Don't Assume that Means Schizophrenia by Angela Woods and Ben Alderson-Day, The Conversation For many people hearing voices is synonymous with schizophrenia and severe mental illness. But is this always the case? Read more >> Saudi Arabia Has Become The World's Biggest Arms Importer from Felix Richter, Statista.com by Niall McCarthy According to IHS Jane's, Saudi Arabia has displaced India as the world's biggest importer of defense equipment. Read more >>