6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes – Damage To Saudi Oil Industry Could Take “Months” To Repair

When the price of oil rises dramatically, that tends to be really bad for the U.S. economy.  Because we are so spread out and goods are transported over such vast distances, our economy is particularly vulnerable to oil price shocks, and that is one reason why the events that we just witnessed in the Middle … Read more

The Middle East War Begins: Netanyahu Warns There Is “No Other Choice But To Embark On A Wide Scale Campaign In Gaza”

With elections looming on Tuesday, Israeli Prime Minister Benjamin Netanyahu is warning that Israel has “no other choice” other than to invade Gaza in order to overthrow the Hamas regime in power there.  In fact, the Jerusalem Post is reporting that on Friday Netanyahu said that war “could happen at any moment”.  The Prime Minister … Read more

Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise

It’s happening again.  Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise.  Just before the recession of 2008, Federal Reserve Chair Ben Bernanke told the country that “the Federal Reserve is not currently forecasting a recession”, … Read more