Donald Trump's recent Tweet discusses how Russia has gotten stronger at the behest of President Obama.
For eight years Russia "ran over" President Obama, got stronger and stronger, picked-off Crimea and added missiles. Weak! @foxandfriends— Donald J. Trump (@realDonaldTrump) March 7, 2017
Let's take an empirical look at that claim.
Click the link for the CNBC video below and fast forward to 2:48 and you will see Jim Rogers offer the 10 second version of Reggie Middleton's take on the banking stress tests. Absolutely priceless!
Relevant news clips...
Europe faces the quandary of being unable to afford to bail out banks that are still considered too big to fail, while the global economy is heading for a slowdown economist Nouriel Roubini told CNBC.
Governments are running out of ways to counter a "massive slowdown" or the risk of a double-dip recession, Roubini said.
"A year ago we had all these policy bullets," he said. "We could push down rates to zero, we had (quantitative easing), we could do a budget deficit of 10 percent of GDP (or) backstop the financial system."
"Banks at this point are too big to fail, but also too big to be bailed, especially in Europe where the sovereigns are in trouble and therefore the ability to backstop the financial system is not there," he said.
Roubini said he was unimpressed with the June US employment report, pointing out that the jobless rate fell because of a large number of discouraged workers leaving the labor force, and also noted recently weak data on manufacturing, retail sales and housing.
"Everything signals a slowdown of the US, a slowdown of Europe, a slowdown of Japan and a slowdown of China," he said.
BoomBustBloggers should be well positioned to take advantage of this development. Starting January of this year I made it clear that the EU was "Ovebanked, Underfunded, and Overly Optimistic: The New Face of Sov
In continuing our search for potential bankruptcy candidates (see part 1, The BoomBustBlog Pan-European Sovereign Debt Crisis Bankruptcy Search - US Banks), we would be remiss in ignoring the malaise that is currently British petroleum and their drilling partners. I have just released a report to subscribers (see end of post) laying out our empirical analysis of the probability of insolvency and default for British Petroleum and their drilling partner, APC. Below, I have included a summary for the general public.
|Apart from the extreme headline risk British Petroleum faces:
There are very real potential and actual fundamental challenges facing it as well as its contracted partner, APC.
In order to estimate the probability of bankruptcy of BP and APC, we built three scenarios in which we have estimated the costs from the spill in Gulf of Mexico. While the cleanup costs are thus far being completely borne by BP (owning 65% and the current operator of the leaking well), the share of losses of APC (owning 25% in the leaking well) and Mitsui (owning 10%) will arise when BP contests for loss sharing in the courts. Since APC and Mitsui are only the financial owners with no strategic and operating interests in the leaking well, legal experts are giving a strong possibility that APC and Mitsui might escape most of the spill costs if it is proven that the explosion was largely owing to the negligence on the part of BP. Thus, for this initial qualitative portion of our analysis we assume the entire costs currently being borne by BP.
Tuesday, 01 June 2010 06:44
In the news this morning:
Tuesday, 23 March 2010 00:00
I will start posting more news topics of interest and welcome readers to forward research and investment ideas at will. Here is the crop from last week. I will post topics from the weekend later on today, and as usual will randomly comment on daily news events.
From Alliance Bernstein:
Tuesday, 12 January 2010 00:00
In continuing the rant on the possibility of the US entering a stagflationary environment, as was hinted by Alcoa's quarterly report (see "Is My Warning of the Risks of a Stagflationary Environment Coming to Fore?"), I have decided to graphically illustrate the historically most successful inflation hedges. Click graphic below to enlarge.
For those "gold bugs" who have never ran the numbers, gold offers less inflation protection than your house does. The same goes for WTI crude and probably most other categories of oil.
Wednesday, 31 December 2008 23:00
From Yahoo News:
Keep in mind that you can ease into a position, and opportunity abounds as momentum traders push it significantly outside of its practical valuation band, which is clearly delineated in the shipping report that I released a few weeks ago. See
Friday, 24 October 2008 02:00
First the US bankers threw as much garbage at the world as they could lift, with the US ratings agencies throwing perfume on the trash mid-flight to manage the "stank". Then the Irish guaranteed their bank deposits to an unheard of limit, basically giving the middle finger to the other European banking authorities (you see, money flowed to the "perceived safety of government backed bank funds from an already weakened UK and EU banking system), and now OPEC is cutting product in an effort to elevate oil prices amid a guaranteed global recession. Another "eff you" to the world.
Most people don't realize that in the grand scheme of things, oil has not really went down in price. It is exactly where it was in the summer of 2007 when I first contemplated the contracts. The OPEC nations have went on a "subprime like" debt driven spending binge, and need the petrodollars to keep flowing to support the facade that they are trying to build.