Lower Oil Prices Push Down Texas Tax Revenues and Economy
For the first four months of FY 2016, state sales tax collections were down by 2.098 percent.
Tag: Economic Crisis
The Fed Passes the Buck: Blame Oil and China
Inflation is an increase in the money supply, not “rising prices.”
Norway’s Biggest Bank Demands Cash Ban
If you ask us, these radical and insane measures are a sign of desperation.
Putin Is Winning The Final Chess Match With Obama
Let us all work together and hope and pray that the Obama Crash of 2016 does not turn into the Obama Global Depression of 2016.
TPP Trade Deal Will Cost US 448,000 Jobs, Say Researchers
A new analysis of the Trans-Pacific Partnership (TPP) international trade deal has found claims of increased jobs are likely exaggerated.
Probability Of US Recession In 2016 Rises To 20 Percent, Big Banks Say
“A global growth recession is far from assured, but financial markets seem to be on their way to pricing one in.”
JPMorgan CEO gets 35% Pay Raise to $27M Amid Cutbacks
Dimon was paid $27 million in 2015, up from $20 million the year before…
Why We Need a Recession
Economic downturns only correct the aberrations and excesses of a boom.
Three Centuries of Boom-Bust in Spain
Despite gold and silver from empire, Spanish crown went bankrupt nine times.
Goldman Sachs sends US into recession, promptly retracts report’s slide
Goldman Sachs has long been criticized, but rarely punished, for its role in the global financial crash.
Banking Cartel: JPMorgan CEO gets 35% pay raise to $27M amid cutbacks
Dimon paid $1.5 million salary, then over $25 million in bonuses and grants.
Fears of global liquidity crunch haunt Davos elites
Rising Fed interest rates means “liquidity could drop dramatically, and that scares everyone”, warns IMF deputy.
Hillary Clinton Defends Wall Street Campaign Support By Citing Barack Obama Example
Wall Street firms have paid Clinton almost $3 million in speaking fees.
Dow falls to new low as oil plunges to $27 a barrel
From an opening of 15,989.45, the Dow never went higher.
Crashing oil prices hit former Texas boomtowns
“It’s just like a ghost town again,” bar owner says.